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In Nigeria, the government has released the guidelines for the $246 million in Green Bonds that it will invest in a wide range of renewable energy and agriculture including jatropha for both reforestation and for biofuel production.
The program is supported by the UK’s DFID, UNEP and the World Bank in an effort to help the country’s achieve its Nationally Determined Contributions promised as part of the Paris Agreement. A total of 56 projects were analyzed for funding with 19 projects selected to receive the proceeds from the Green Bonds.