Lagos to convert transport data into carbon finance opportunities

This initiative aims to quantify the environmental benefits of Lagos's mass transit investments, including electric mobility and rail, and to access emerging carbon-financing opportunities. The Special Adviser to the Governor, Titilayo Oshodi, led a delegation to LAMATA's headquarters to discuss this collaboration. Engr Abimbola Akinajo, Managing Director of LAMATA, emphasized that credible emissions data is crucial for determining the environmental impact of transport investments and identifying further opportunities for carbon reduction.

The meeting also featured a demonstration of the DecarbonIQ Intelligence Platform, a technology designed to measure, monitor, and manage carbon emissions across transport networks, with a focus on its connection to Article 6 of the Paris Agreement. Oshodi highlighted the need for a verified single source of carbon data as Lagos invests in low-carbon transport infrastructure. This effort moves beyond simply deploying cleaner transport options to measuring and potentially converting environmental benefits into green finance access, strengthening Lagos's ability to demonstrate climate benefits and accelerate a resilient urban transport system.