Liberia: Liberia to Concede 10% of Its Territory to Emirati Company for Carbon Credit Production

Aug 4, 2023 | Laurence Caramel, Le Monde
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Liberia is preparing to grant the exclusive rights of over 1 million hectares of forest, about 10% of the country's land area, to a private Emirati company that will be tasked with marketing the carbon credits obtained from conservation or reforestation projects. A memorandum of understanding between the Liberian Ministry of Finance and the company, Blue Carbon LLC, was concluded in March, and the final contract, set to last for 30 years, is said to be in the process of being signed.