Gabon receives $150 million to preserve its rainforest
CNNCNN — In an effort to fight climate change, the Central African Forest Initiative announced Sunday that Gabon will be paid $150 million in international funds to preserve its rainforest. “The 150 million US dollars agreement announced today between Gabon and Norway via the Central African forest initiative is historic in many ways. The country also hosts more than 50% of the surviving forest elephants on the continent, which CAFI said was a “key indicator of sound natural resource governance.” Raising the value of Gabonese rainforests But Gabon is not without its environmental challenges. Lee White, the country’s new minister of Forest, Seas, Environment and Climate Change, says raising the value of Gabonese rainforests is an important key in improving the living standards of the people of Gabon.