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Gabon Carbon Credits Seen Fetching as Much as $35 a Ton

  • Sovereign wealth fund to market credits, government says
  • Minister says there’s appetite for 90 Million credit offering
Logging trucks carrying Okoume wood leave the Ovindo national park near Makokou, Gabon.
Logging trucks carrying Okoume wood leave the Ovindo national park near Makokou, Gabon.

Photographer: Amaury Hauchard/AFP/Getty Images

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Gabon’s environment minister said the country’s carbon credits may fetch $35 a token with the African country planning the release of a record 90 million credits onto the voluntary carbon market as it seeks ways to finance the conservation of its carbon-absorbing forests. 

“My own ballpark would be $25 to $35,” Lee White, Gabon’s environment minister, said during a webinar on Friday. “That’s about the right price right now.”