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Gabon to sell 6mn forest carbon credits. Who gets the money?

Industrial smokestack releasing orange-hued smoke during sunset against a vibrant sky. Photo by Manfred Langpap @Pexels
Industrial smokestack releasing orange-hued smoke during sunset against a vibrant sky. Photo by Manfred Langpap @Pexels
  • Six million carbon credits could generate $90mn–$150mn in illustrative gross sales.
  • SEFE’s resale terms and communities’ share of revenue remain undisclosed.

 

LIBREVILLE, GABON – Gabon’s six million forest carbon credits could generate $90mn–$150mn in gross sales at illustrative prices, but the government has not disclosed what it will earn.

The agreements with German state-owned energy trader SEFE, announced by Gabon’s presidency on 3 November, could open a new revenue stream for the oil-dependent Central African nation.

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