Marketing Bago’s carbon market initiative at COP31
By Aliyu Umar Aliyu
As global climate diplomacy shifts from promises to practical implementation, Niger State has an opportunity to position its emerging carbon market initiative as a vehicle for investment, job creation and sustainable development. For Governor Mohammed Umaru Bago, popularly known as the Farmer Governor, the 31st United Nations Climate Change Conference (COP31), scheduled for November 9–20, 2026, in Antalya, Türkiye, offers a strategic platform to advance the state’s green economy vision.
The conference will bring together governments, investors, climate finance institutions, development partners and environmental experts to discuss practical responses to climate change. For Niger State, however, participation should go beyond showcasing its environmental ambitions. The priority should be to secure credible partnerships, develop investment-ready projects and establish a clear pathway for converting its natural resources into measurable climate and economic benefits.
Governor Bago’s vision presents an opportunity to connect climate action with Niger State’s agricultural strength, forest resources, renewable energy potential and waste-management needs. If properly developed, these assets could support projects that reduce greenhouse gas emissions while creating employment, improving energy access and strengthening rural livelihoods.
Niger State’s participation at COP29 in Baku, Azerbaijan, in November 2024 provided an earlier opportunity to promote its green economy agenda, including sustainable agriculture, renewable energy and forest conservation. COP31 should build on that engagement by moving from international advocacy towards practical project development and investment mobilisation.
From Green Economy Vision to Carbon Market Investment
Carbon markets provide a potential mechanism for financing projects that reduce or remove greenhouse gas emissions. Under recognised crediting systems, a carbon credit generally represents one metric tonne of carbon dioxide equivalent reduced or removed, subject to the applicable methodology and verification requirements.
For Niger State, opportunities could include methane capture at landfills, climate-smart rice cultivation, solar mini-grids and forest restoration. These initiatives could attract investors while supporting the state’s wider development objectives.
However, natural resources alone do not guarantee carbon revenue. Projects must demonstrate credible emissions reductions, additionality, appropriate monitoring and independent verification. They must also comply with relevant national regulations and international carbon market requirements.
This is particularly important as Niger State seeks to position itself as a pioneer in subnational carbon market development in Nigeria. The ambition to become the country’s first subnational government to open its carbon market to investment, and to advance towards international carbon-credit sales, could be significant.
The proposed Niger State Carbon Market Office could play a central role by coordinating project identification, technical assessments, investor engagement, regulatory compliance and stakeholder participation. Its effectiveness will depend on a clear mandate, adequate expertise, transparent procedures and coordination with the relevant federal authorities.
International cooperation could accelerate this process. In correspondence to the Niger State team concerning a post-feasibility mission action plan, myclimate’s Article 6 Bilateral Cooperation Team disclosed that a draft memorandum of understanding (MoU) on project development and carbon market activities was undergoing internal legal review, with the intention of finalising it before COP31.
The correspondence, signed on behalf of the team by Nsikan-George Emana, Senior Project Manager for Bilateral Cooperation at myclimate, proposed November 12, 2026, for a strategic meeting with the Niger State Government, during which the parties hope to sign the agreement.
The proposed engagement offers an opportunity to establish a framework for technical cooperation, project development and potential international market participation. Nevertheless, the MoU remains prospective until formally concluded, and its existence should not be mistaken for evidence that investment has already been secured or carbon credits sold.
Niger State should approach the meeting with clearly defined priorities, including project timelines, financing arrangements, responsibilities, community safeguards and measurable implementation targets.
Article 6 and the International Opportunity
The proposed partnership is particularly relevant to Article 6 of the Paris Agreement, which provides frameworks for international cooperation in reducing greenhouse gas emissions. At COP29 in November 2024, countries made significant progress on the rules governing international carbon trading and the UN-supervised carbon crediting mechanism.
Under Article 6.2, countries can cooperate through internationally transferred mitigation outcomes, subject to applicable accounting and authorisation requirements. Article 6.4 provides a UN-supervised crediting mechanism, while Article 6.8 addresses non-market approaches.
For Niger State, these frameworks could create opportunities to develop projects that attract international finance and contribute to Nigeria’s climate commitments. However, the state must work within Nigeria’s national climate governance arrangements. International transfers under Article 6 cannot be treated as an exclusively state-level transaction where national authorisation and accounting are required.
Potential projects should therefore be developed with appropriate technical, legal and financial support.
Landfill methane management, for instance, could reduce emissions from decomposing organic waste while improving sanitation. Rice farmers in suitable production areas, including Loguma in Agaie, could be assessed for alternate wetting and drying practices that may reduce methane emissions. Solar mini-grids could expand electricity access, while carefully designed forest restoration projects could support carbon removal and protect ecosystems.
Each initiative requires a feasibility assessment to establish its emissions-reduction potential, costs, commercial viability and social and environmental implications. Farmers and host communities must also understand their rights, obligations and expected benefits before participating.
The central objective should be to develop a credible pipeline of bankable projects rather than announce projected carbon-credit volumes without adequate technical evidence.
Making Climate Finance Work for the People
International experience offers useful lessons for Niger State. Germany’s energy transition demonstrates the importance of sustained investment and policy support for renewable energy. Morocco’s Noor Ouarzazate solar complex illustrates the potential of large-scale clean energy infrastructure, while China’s solar and electric vehicle industries demonstrate how investment in green technologies can support industrial development. Rwanda’s landscape restoration initiatives also offer lessons on linking environmental protection with community livelihoods.
Niger State should adapt these experiences to its own circumstances, particularly its agricultural economy, rural energy needs and environmental challenges.
Ultimately, the value of Governor Bago’s carbon market vision will be measured by its impact on people’s lives. Carbon finance should support employment, improve energy access, strengthen agricultural productivity and generate transparent benefits for participating communities.
The state should establish clear benefit-sharing arrangements, disclose project revenues and legitimate costs, and provide independent oversight of project performance. It must also guard against exaggerated emissions claims, unclear land rights and agreements that leave communities without a fair share of the benefits.
As the proposed November 12 meeting approaches, Niger State’s delegation should arrive in Antalya with well-defined project proposals, feasibility findings, investment requirements and a clear negotiating position. The relevant state institutions, legal experts and technical personnel should work together, involving federal authorities wherever national approval is necessary.
The success of COP31 should not be measured by the number of meetings held or agreements announced, but by concrete progress towards financing, implementing and verifying climate projects.
Governor Bago’s green economy vision can create new opportunities for Niger State, but credibility will be essential. An MoU is a starting point, not an investment guarantee; a proposed project is not a verified carbon credit, and a credit is not automatically authorised for international transfer.
COP31 should therefore serve as a bridge between Niger State’s carbon market ambition and measurable development at home. By combining credible partnerships, transparent governance and commercially viable projects, the state can strengthen its position in Nigeria’s emerging carbon market landscape while ensuring that climate action delivers tangible benefits for its people.
Umar, is a Public Affairs analyst and can be reached via aliyuumar721@gmail.com