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Advertisement Bala Wunti, group general manager, National Petroleum Investment Management Services (NAPIMS), the agency charged with the responsibility of managing the nation’s investment in the upstream sector, ​​disclosed this to journalists on Wednesday. Wunti spoke at the sidelines of the ongoing 2021 Nigeria International Petroleum Summit (NIPS) in Abuja. Carbon credits are allowances paid by companies that allow it emits a certain amount of carbon dioxide or other greenhouse gases. Advertisement As at 2020, the World Bank recommendeda price of $40 to $80 per ton for carbon to be traded. Wunti said the €1 million was earned through its partnership with TotalEnergies. “It is through our partnership with Total that we are able to market our credit position and monitise it and we have earned over one million euros so far,” he said.

Abuja federal capital territoryBala wuntiNigerian national petroleum corporationNigerian national petroleum commissionNational petroleum investment management servicesWorld bankNigeria international petroleum summitInternational petroleum summitFederal governmentகூட்டாட்சியின் மூலதனம் பிரதேசம்நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம்நைஜீரியன் தேசிய பெட்ரோலியம் தரகுதேசிய பெட்ரோலியம் முதலீடு மேலாண்மை சேவைகள்உலகம் வங்கிநைஜீரியா சர்வதேச பெட்ரோலியம் உச்சிமாநாடுசர்வதேச பெட்ரோலியம் உச்சிமாநாடு