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Honduras to Follow Gabon With Sovereign Carbon Credit Issue

  • Central American country to use UN mechanism to create credits
  • Belize, Papua New Guinea also expected to issue the securities
The Gualcarque River, downstream from the Aqua Zarca Dam, Honduras.

The Gualcarque River, downstream from the Aqua Zarca Dam, Honduras.

Photographer: Giles Clarke/Getty Images

Honduras plans to follow Gabon in attempting to issue a new form of carbon credit that they say has the potential to help countries get the funds they need to protect their natural assets.

Honduras plans to convert  REDD+ units, created within a UN framework to incentivize forest protection, into sovereign carbon credits to raise money from countries and corporations keen to cut their CO2 footprints