News Headline
Gabon becomes first African country to get paid for protecting its forests
Source
Mongabay (India)
Publication Date
2021-07-21
In 2019, Norway committed to pay $150 million to Gabon to protect its forests under the Central African Forest Initiative (CAFI). After independent verification of the country’s deforestation rates in 2016 and 2017, Gabon recently received its first $17 million payment, making it the first African country to receive a results-based payment for reducing emissions from deforestation and forest degradation (REDD+).