Forest conservationActive

Gabon results-based forest payments (CAFI)

In June 2021 Norway, through CAFI, paid Gabon $17 million for reducing forest emissions in 2016 and 2017 against its 2006 to 2015 average, at $5 a tonne after independent verification. Norway's climate minister called it the first time an African country had been rewarded for reducing forest emissions at national level.

Gabon (national)Central African tropical forestIndependently verified national results against a 2006 to 2015 baseline
OperatorGovernment of Gabon, with the Central African Forest Initiative (CAFI)
EcosystemCentral African tropical forest
StandardIndependently verified national results against a 2006 to 2015 baseline
StatusActive
LocationGabon (national)
Overview

Inside the project

Gabon's forests cover 88 percent of its territory, and Norway's initiative put deforestation below 0.08 percent a year since 1990.

Gabon's forest minister said the payment would fund community forestry, research, forest management, protected areas and government capacity.

17 million USD
First payment (June 2021)
5 USD/t
Price per tonne of CO2
88%
Forest cover

Objectives

  • Reward verified national reductions in forest emissions
  • Finance forest protection, community forestry and protected areas

Approach

  • Emissions from deforestation and degradation are measured nationally, verified independently and paid for against a historical baseline.

Sources

Inspect 1 source
  1. nicfi.no ↗https://www.nicfi.no/2021/06/22/gabon-receives-first-payment-for-reducing-co2-emissions-under-historic-cafi-agreement/

Documented by one public source so far.

Explore related climate work

Find other projects and tools for monitoring, restoration and climate adaptation.

Browse projectsBrowse tools