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Gabon , Thursday 15 October 2026

A $500 million deal to restore Gabon's coast reignites climate finance debate

Published on: Monday 14 August 2023

A $500 million deal to restore Gabon's coast reignites climate finance debate Gabon will use a controversial financial move to ease its debt burden and restore its oceans at the same time, a leading conservation group said Tuesday. It’s the second-largest deal of its kind to date, and the first on mainland Africa, according to a press release by The Nature Conservancy, the global environmental nonprofit that helped broker the deal. Gabon, an oil-rich Central African nation known for its biodiversity, hosts the world’s largest population of leatherback turtles and myriad other endangered species.


News source: https://finance.yahoo.com/news/500-million-deal-restore-gabons-100848219.html

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