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
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.”