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Tag: Netzence

  • Discussions from COP30 can turn emission cuts into tangible value – Netzence

    Discussions from COP30 can turn emission cuts into tangible value – Netzence

    Netzence Sustainability Limited has said that the conversation at the forthcoming 30th United Nations Climate Change Conference, COP30, scheduled for November 2025 can turn emission cuts into tangible value.

    The new carbon-market architecture can turn tonnes of emissions-reduced into tangible value for companies, communities and the country.

    Chief Operations Officer of Netzence, Idia Ogedegbe, in a statement, said the organisation intends to transform Nigeria’s climate potential into measurable, monetised performance.

    The statement reads: “For Africa’s largest economy, this is not just another conference. It is a moment to redefine how Nigeria turns climate challenges into economic advantage. Nigeria’s economy loses an estimated US$6 billion annually to air pollution, energy inefficiency and unsustainable production practices — yet this same crisis hides one of the continent’s most promising investment frontiers: climate technology and carbon finance.

    “In a decisive policy shift, President Bola Ahmed Tinubu has signed off on the country’s National Carbon Market Framework and activated the national Climate Change Fund, officially positioning Nigeria to participate in the global carbon economy and unlock up to US$2.5-3 billion annually in carbon finance. 

    “Against this backdrop, Netzence Sustainability Limited is aligning its strategy to the new policy paradigm. Netzence’s flagship platform, CloseCarbon, is pioneering how African businesses track, verify and trade their emissions reductions in real-time — utilising artificial intelligence and an embedded architecture. What was once “just good for the planet” is now becoming a tradable, investable asset class.

    “By converting cleaner energy use, waste-reduction and methane abatement into verified credits, Netzence is unlocking a new form of climate-wealth. These credits don’t just reduce emissions; they fund schools, power local jobs, create sustainable income channels across communities.

    “COP30 thus represents a decisive turning point. Countries are expected to present more ambitious Nationally Determined Contributions (NDCs) backed by transparent data and credible financing. For Nigeria, this is an opportunity to showcase not only commitment but innovation: from gas-flare reduction and green mobility to the emerging carbon-credit infrastructure built on technology and accountability.

    Read Also: Lagos to showcase climate leadership at COP30

    “Netzence’s presence at COP30 signals more than attendance — it signals readiness. Readiness to collaborate with governments, corporations and global financiers in scaling verifiable emission-reduction projects that feed into both environmental and economic goals.

    “As global finance discussions shift from pledges to performance, investors are demanding clarity, traceability and measurable impact. Netzence’s data-driven systems are bridging that trust gap — offering the kind of transparency international investors now insist on.

    “From climate-smart transportation under its e-mobility initiative to methane monitoring in agriculture and waste-management, Netzence is demonstrating how sustainability can be both scalable and profitable.

    “COP30 is not just a diplomatic milestone; it’s a market moment. For investors watching Africa, it marks the rise of a new value chain — where cleaner air, smarter cities and verified climate data become the continent’s next billion-dollar industries.”

  • Nigeria can turn climate crisis into $9bn opportunity – Netzence

    Nigeria can turn climate crisis into $9bn opportunity – Netzence

    Netzence Sustainability Limited (Netzence) has said Nigeria can transform its social challenges into economic resilience by tapping into its CloseCarbon, a real-time carbon tracking and monitoring tool.

    The organisation stated that given that the country grappled with severe climate challenges in 2024 as floods affected over 5.2 million people across 35 states, with 1,237 deaths and 1.2 million people displaced, CloseCarbon’s management solutions could transform these risks into rewards to secure a greener and prosperous future.

    The organisation’s Chief Operations Officer, Ms Idia Okundaye said therein lay an opportunity for Nigeria to earn over $9 billion annually.

    Okundaye said: “But what if Nigeria could turn these challenges into economic resilience, growth, and even leadership in the global green revolution?  Within these crises lies an extraordinary opportunity for Nigeria to earn over $9 billion annually,” a figure that could triple by 2030 with the appropriate intervention. With CloseCarbon’s tracking and management solutions, Nigeria can transform risks into rewards, securing a greener, more prosperous future”. 

    CloseCarbon leverages AI, data analytics, and blockchain to empower businesses, governments, and communities to measure, reduce, and offset carbon emissions. Its scalable platform provides real-time emissions tracking, facilitates carbon credit exchange, and promotes sustainable practices—tailored for Nigeria’s diverse needs, from smallholder farmers to industrial giants.  

    Read Also: Netzence trains EHCON, AMAC staff to combat emissions

    “This innovation aligns with Nigeria’s $177 billion Nationally Determined Contribution (NDC) goals for 2021–2030 and its $1.9 trillion Energy Transition Plan by 2060. By integrating advanced emissions tracking with localised adaptation strategies, CloseCarbon bridges the gap between Nigeria’s climate pledges and real-world impact.  

    “Agriculture employs 35 per cent of Nigerians but is battered by floods, droughts, and rising temperatures. CloseCarbon’s AI tools optimize farming by recommending low-carbon practices like enhanced rock weathering (ERW), which boosts soil fertility while sequestering CO₂. Farmers can access carbon credit markets, turning sustainability into revenue—mitigating crop losses and food price spikes. 

    “Powering a Green Energy Transition Nigeria’s energy sector, strained by heat-driven demand and costing businesses $29 billion annually, needs urgent reform. CloseCarbon tracks emissions from power generation, enabling solar, wind, and bioenergy projects to qualify for carbon credits. By integrating technologies like bioenergy with carbon capture and storage (BECCS), Nigeria can attract global investment, support its net-zero ambitions, and reduce its reliance on fossil fuels.”

  • Netzence trains EHCON, AMAC staff to combat emissions

    Netzence trains EHCON, AMAC staff to combat emissions

    In a groundbreaking initiative aimed at reducing greenhouse gas emissions and promoting sustainable development, Netzence Sustainability Limited has launched a comprehensive training program for staff members of the Environmental Health Council of Nigeria (EHCON) and the Abuja Municipal Area Council (AMAC).

    The training, focused on data collection and utilisation of the innovative CloseCarbon platform, is designed to support the installation and onboarding of banks, hotels, and supermarket chains in Abuja. 

    This initiative marks a significant step towards achieving Nigeria’s Nationally Determined Contributions (NDCs) under the Paris Agreement.

    According to Dr. Sadiq Sani, Founder/CEO of Netzence: “Our goal is to create a knowledgeable workforce within EHCON and AMAC that can effectively monitor emissions, promote compliance with environmental regulations, and support the development of a low-carbon economy in Abuja.”

    The training programme includes modules on understanding carbon emissions, data collection techniques, utilization of the CloseCarbon platform, stakeholder engagement, and field practice. 

    These modules are designed to equip participants with practical skills and knowledge to support the effective monitoring and management of greenhouse gas emissions in Abuja.

    Industry experts emphasised the importance of this collaboration in ensuring air quality standards are established and maintained, ultimately benefiting public health and supporting sustainable development in Abuja.

    Read Also: Netzence expands to Ghana, reiterates commitment to sustainability

    “This initiative demonstrates the commitment of Netzence, EHCON, and AMAC to addressing the urgent need for climate action in Nigeria,” said Idia Ogedegbe, Chief Operations Officer at Netzence. “We are proud to be part of this effort and look forward to seeing the positive impact on the environment and local communities.”

    As the training programme progresses, its impact will be closely monitored, with Netzence, EHCON, and AMAC committed to ensuring Abuja meets its emissions targets and sets a benchmark for sustainability efforts across Nigeria.

    This initiative has the potential to position Abuja as a leader in integrated environmental management, serving as a model for cities nationwide. By empowering EHCON and AMAC staff with vital skills in data collection and emissions management, Netzence Sustainability Limited is paving the way for a greener future in Nigeria.

  • Netzence expands to Ghana, reiterates commitment to sustainability

    Netzence expands to Ghana, reiterates commitment to sustainability

    A leader in sustainability technology and management solutions, Netzence Sustainability Limited (Netzence), has expanded operations to Ghana.

    Netzence, in a statement signed by its founder and CEO Dr. Sadiq Sani, said the decision was to reinforce the company’s commitment to promoting sustainable practices globally and recognising Ghana’s rising importance as a hub for green initiatives in West Africa.

    The statement expressed satisfaction with Ghana’s rapid economic growth, stable political climate, and progressive policies focused on sustainability.

    “Netzence specialises in delivering innovative environmentally-friendly solutions aimed at reducing carbon footprints, enhancing realisation of the United Nations, UN, Sustainable Development Goals, SDGs, and advancing Corporate Social Responsibility, CSR, on sustainability. Its Flagship technology, CloseCarbon, is revolutionising carbon project monitoring, validation and incentives across Africa. With a proven track record across various sectors—including energy, waste management, and sustainable agriculture—Netzence has established itself as a pioneer in the field of sustainability on the international stage.

    “The country’s government has made significant strides in promoting renewable energy and sustainable agriculture through initiatives linked to its Vision 2020 economic development plan, emphasising sustainable practices as essential for national growth.

    “Netzence’s core objectives for its operations in Ghana include enhancing the realisation of the 2030 global emissions reduction target, 2050 net zero target, and the UN SDGs, which support promoting renewable energy. The company aims to leverage its expertise to assist Ghana in boosting energy generation through sustainable sources like solar, wind, and biomass.

    “Enhancing waste management solutions. With urbanisation posing significant challenges, Netzence plans to introduce advanced waste management practices such as recycling, composting, and waste-to-energy technologies.

    “The company intends to provide sustainability technology and management consulting and advisory services designed to enhance agricultural productivity while preserving the environment through organic farming and efficient resource use.

    Read Also: Arms scandal and NPAN’s moral predicament

    “The company intends to apply its technology to provide advanced Human and Machine Interaction (HMI) solutions to tackle land degradation, desertification, and drought.

    “Netzence is dedicated to empowering local communities, organisations, and government officials through comprehensive training programs on best sustainability practices.

    “The company aims to engage directly with communities (including Youth and Indigenous people) and organisations, promoting environmental awareness through educational programs and initiatives that foster social betterment.

    “A cornerstone of Netzence’s expansion strategy is its intention to collaborate with local stakeholders, including government agencies, non-governmental organizations (NGOs), and private sector partners. Through these partnerships, Netzence is committed to ensuring that its projects not only align with local needs but also enhance their cultural relevance. 

     “Our move to Ghana is driven by the country’s ambitious sustainability goals and our shared vision for transforming environmental practices in the region. We believe that by entering this vibrant market, we can contribute substantially to the nation’s quest for sustainable development.”

  • Netzence ‘will reduce gas emissions’

    Netzence ‘will reduce gas emissions’

    Netzence Sustainability Limited (Netzence) has said it will achieve the nation’s targets for greenhouse gas (GHG) emission reductions.

    In a statement, the firm said it intends to use advanced data analytics and integration to monitor Nigeria’s carbon emissions.

    The statement reads: “Nigeria, a country at the forefront of climate action, has made significant strides in its quest to fulfill the ambitious goals outlined in its Nationally Determined Contributions (NDCs). At the heart of this progress lies an innovative solution – CloseCarbon, a pioneering platform developed by Netzencewhich is empowering Nigeria to accelerate its sustainability journey.

    “The NDCs, Nigeria’s commitment to the Paris Agreement, outline the nation’s targets for greenhouse gas, GHG, emission reductions and adaptation measures. As the country navigates this transformative path, CloseCarbon has emerged as a vital tool, providing a comprehensive suite of features that directly support Nigeria’s achievements.

    Read Also: Omokri: Tinubu deserves no blame for NNPCL business decisions

    “At the core of CloseCarbon is its robust carbon tracking capabilities. The platform utilises advanced data analytics and seamless integration with various data sources in real-time to meticulously monitor and quantify Nigeria’s carbon emissions across multiple sectors, including energy, transportation, agriculture, and the environment. This granular level of tracking enables the government, businesses, and communities to make informed decisions, identify emission hotspots, and implement targeted interventions.

    “With Monitoring and Verification, CloseCarbon’s monitoring and verification features ensure the integrity and accuracy of Nigeria’s carbon emission data. By employing industry-leading methodologies and leveraging cutting-edge technologies, the platform validates the emission reduction claims, providing a reliable and transparent system that builds trust and credibility in the country’s climate action efforts.

    “One of the standout features of CloseCarbon/Netzence is its innovative incentive mechanisms. The platform enables the creation of a thriving carbon market, where individuals, businesses, and communities can earn carbon incentives for their verified emission reduction activities. These carbon incentives provide a tangible financial incentive for Nigerians to actively participate in climate-friendly initiatives, further accelerating the country’s progress towards its NDC goals…’’