Section 15: Climate Change Fund.

(1) There is established a Climate Change Fund (in this Act referred to as "the Fund"), to be maintained by the Council, into which shall be paid-
(a) sums appropriated by the National Assembly for the running of the Council;
(b) subventions, grants and donations, fees and charges for services rendered or publications made by the Council;
(c) funding from International Organisations and funds due to Nigeria for meeting her NDCs;
(d) fines and charges from private and public entities for flouting their Climate Change mitigation and adaptation obligations;
(e) carbon tax and emissions trading; and
(f) such other funds, as the Council may prescribe from time to time.
(2) The Fund shall be applied towards-
(a) the cost of administration of the Council and offices established under the Council;
(b) the payment of emoluments, allowances and benefits of members of the Council, reimbursing members of the Council or any committee set up by it, and for such expenses incurred while implementing activities expressly authorised by the Council;
(c) the payment of salaries, other remunerations or allowances, and other retirement benefits payable to the staff of the Council;
(d) the development and maintenance of any property vested in or owned by the Council;
(e) climate change advocacy and information dissemination;
(f) funding innovative climate change mitigation and adaptation projects, subject to the approval of the Council;
(g) supporting climate change advocacy and information dissemination;
(h) defraying the fees of auditors and other expenses incurred from auditing the Council;
(i) conducting assessment of climate change impact on vulnerable communities and population;
(j) incentivizing private and public entities for their efforts towards transiting to clean energy and sustaining a reduction in GHG emissions; and
(k) any other expenditure in connection with any function of the Council under this Act.
(3) The Council shall, by order, review the source of the Fund and its application.