IFC unveils atlas for carbon capture and storage in Nigeria

illuminem summarises for you the essential news of the day. Read the full piece on Carbon Herald or enjoy below:

🗞️ Driving the news: The IFC has unveiled a carbon capture and storage (CCS) atlas for Nigeria
• The atlas is the first publicly accessible resource of its kind, providing crucial data for CCS projects
• It aims to support Nigeria's climate mitigation strategies by identifying potential carbon storage sites

🔭 The context: The atlas provides essential geological insights for CCS development
• It helps map the country’s capacity for CO₂ storage, vital for reducing emissions
• The initiative aligns with global efforts to implement CCS solutions for climate change mitigation

🌍 Why it matters for the planet: Nigeria’s efforts could play a significant role in global emission reduction
• CCS is a crucial tool in achieving global carbon neutrality goals
• Nigeria’s commitment to CCS enhances its role in international climate initiatives

⏭️ What's next: The atlas is set to drive the development of CCS projects in Nigeria
• Stakeholders will use the data to plan and identify viable carbon storage locations
• The initiative is expected to attract further investments and accelerate CCS adoption

💬 One quote: "The newly released atlas provides the first publicly accessible resource detailing Nigeria's geological carbon storage capacity." — Carbon Herald

📈 One stat: Nigeria’s geological formations hold significant potential for carbon storage, as outlined in the new atlas

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