Authors :
Olokpa Evworhovwo Favour; Omon Louis Erugba; Idibie Emmanuel Emuesiri; Prosper Oghenemaro Ugbehe; Ogbodogbo Oghenevwogaga Precious; Aruoriwo Godstime Ugbehe; Etaredafe Aghogho Faith
Volume/Issue :
Volume 11 - 2026, Issue 10 - October
Google Scholar :
https://tinyurl.com/umxjzk6r
DOI :
https://doi.org/10.38124/ijisrt/26Oct526
Note : A published paper may take 4-5
working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and
ResearchGate.
Abstract :
The feasibility of carbon credits for solar photovoltaic (PV) projects in Nigeria is faced with major setbacks, including data inaccuracy, high verification costs, limited transparency, and inadequate institutional capacity. These challenges affect project developers from adequately examining carbon markets and undermine the reliability of emissions reduction claims. This study analyzes an ICT-driven method to manage these barriers, emphasizing on the mobilization of digital monitoring, reporting, and verification (MRV) systems to suit the Nigerian context. By incorporating Internet of Things (IoT) devices, blockchain technology, and cloud-based platforms, the suggested solution improves data trustworthiness, decreases transaction fees, and impacts stakeholder trust. Case studies of already operating solar PV programs in Nigeria are assessed to find the feasibility and effect of such technological solutions. The study concluded that capitalizing on ICT can tremendously refine carbon credit verification processes, improve scalability of renewable energy (RE) projects, and allow wider inclusion in global carbon markets. Recommendations are suggested for policymakers, builders, and investors to aid the use of ICT tools for sustainable carbon finance in Nigeria’s energy sector.
Keywords :
Photovoltaic; Carbon Credit; Digital Registry; Solar Energy; ICT; Blockchain.
References :
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The feasibility of carbon credits for solar photovoltaic (PV) projects in Nigeria is faced with major setbacks, including data inaccuracy, high verification costs, limited transparency, and inadequate institutional capacity. These challenges affect project developers from adequately examining carbon markets and undermine the reliability of emissions reduction claims. This study analyzes an ICT-driven method to manage these barriers, emphasizing on the mobilization of digital monitoring, reporting, and verification (MRV) systems to suit the Nigerian context. By incorporating Internet of Things (IoT) devices, blockchain technology, and cloud-based platforms, the suggested solution improves data trustworthiness, decreases transaction fees, and impacts stakeholder trust. Case studies of already operating solar PV programs in Nigeria are assessed to find the feasibility and effect of such technological solutions. The study concluded that capitalizing on ICT can tremendously refine carbon credit verification processes, improve scalability of renewable energy (RE) projects, and allow wider inclusion in global carbon markets. Recommendations are suggested for policymakers, builders, and investors to aid the use of ICT tools for sustainable carbon finance in Nigeria’s energy sector.
Keywords :
Photovoltaic; Carbon Credit; Digital Registry; Solar Energy; ICT; Blockchain.