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Gabon Record Carbon Credit Sale a ‘Litmus Test’ Before COP27

  • Sale to gauge rich economies’ support for forest protection
  • African country plans to sell 90 million carbon credits
Logging trucks carrying wood leave the Ovindo national park near Makokou, Gabon.

Logging trucks carrying wood leave the Ovindo national park near Makokou, Gabon.

Photographer: Amaury Hauchard/AFP/Getty Images 

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The response to Gabon’s planned release of a record 90 million credits onto the voluntary carbon market will be a gauge of how seriously developed economies are taking their commitments ahead of the United Nations COP27 climate summit in Egypt in November, the country’s environment minister said.

Gabon, the world’s second-most forested nation, is working with the United Nations Framework Convention on Climate Change’s REDD+ mechanism to create the credits, which Lee White, the central African country’s environment minister, expects to be ready by early October.