In Gabon, the One Forest Summit gives birth to a fund of 100 million euros
Entrance to the One Forest Summit in Libreville, March 2, 2023. REUTERS - ELIZABETH PINEAU
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2 mins
The six Heads of State present at this international meeting on forest conservation, climate protection and biodiversity adopted a document called the “Libreville Plan”.
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The Libreville plan is inspired by the main resolutions of COP27.
The politicians present at the summit pledged to stop deforestation as an effective solution in the fight against climate change, reports our correspondent in Libreville, Yves-Laurent Goma.
Flagship measure of this plan, the creation of a fund with a budget of 100 million euros was announced.
"
We are going to put an additional 100 million euros for countries that want to accelerate their strategy to protect vital carbon and biodiversity reserves within the framework of partnerships
," said French President Emmanuel Macron.
The Walton Foundation will participate to the tune of 20 million euros, Conservation International for 30 million euros and France is putting 50 million euros on the table, detailed the French president.
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To read also: Interview with Alain Karsenty – “Financing issues, the most important issue” of the One Forest Summit
This fund will be used to finance a mechanism for remunerating exemplary countries in the conservation of forests and the safeguarding of their vital stocks of carbon and biodiversity, via “biodiversity certificates”.
These certificates can be exchanged with sovereign states or with the private sector "
as a contribution to the protection of nature
", specified the French head of state.
Mapping green carbon sinks
This mechanism responds to the “
failing model
” of the carbon market which has “drift in recent years on a voluntary market” and “
depreciated the price of carbon
” with “
greenwashing phenomena
”, regretted Emmanuel Macron.
“
The big risk, if we stop there, is that a mistrust is setting in with regard to carbon credits
,” he warned.
Researchers for their part have launched the One Forest Vision project, which aims to better understand the value of the world's three major forest basins by mapping them in the coming years: the Amazon forest, the Congo basin and the tropical forests of South Asia. South East.
For their part, business leaders, gathered in a One Forest Business Forum, have launched an initiative that aims to create ten million jobs in activities related to sustainable forest management by 2030.
The Libreville plan is proactive and puts the local populations who live around the forests at the heart of all these actions.
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Also to listen: Forests of Gabon: reconciling economy and ecology
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Emmanuel Macron