Gabon Receives First Payment for Reducing CO2 Emissions Under Historic CAFI Agreement

Gabon is the first country in Africa to receive results-based payments for reduced emissions from deforestation and forest degradation. The first payment is part of the breakthrough agreement between Gabon and the multi-donor UN-hosted Central African Forest Initiative's (CAFI) in 2019 for a total of $150 million over ten years.

After independent experts verified Gabon's results from reduced deforestation and forest degradation (mainly from forestry activities), the payment of $17 million US dollars rewards Gabon's reductions in 2016 and 2017, compared to annual emission levels from 2006 to 2015.

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