The aim of this study is to evaluate the renewable energy potential of Nipa Palm, a bio-energy crop widely available yet underutilized in Nigeria. The combustion of fossil fuels such as coal, oil, and natural gas has increased the concentration of carbon dioxide in the earth's atmosphere. The carbon dioxide and other so-called greenhouse gases allow solar energy to enter the Earth's atmosphere, but reduce the amount of energy that can re-radiate back into space, trapping energy and causing global warming. Nipa Palm which has been regarded as an environmental menace is now regarded as one of the candidates for renewable energy to fulfill the requirement of clean carbon emission. Abundant quantity of Nipa Palm provides an impetus for the sustainable generation of bio-ethanol. This sugar based bio-ethanol source development in Nigeria provides not only profitable use to a problem plant but also provides an opportunity and incentive to generate some Carbon Emission Reduction (CERs) credits.