Gabon, a country located on the west coast of Africa, is planning the world’s biggest carbon credits issuance ever, involving 187 million carbon credits with almost half of them to be sold on the offsets market.
Gabon is the second most forested nation around the world, with 23.5 million hectares of tropical forests covering 88% of its lands.
The country wishes to harvest its abundant forests in a sustainable manner to create revenue, it has thus applied in last April to be a part of The Architecture for REDD+ Transaction’s TREES program. This will be the source of the carbon credits, which are likely to hit the market before the COP27 meeting in November.
