Liberia is close to finalizing a policy to sell carbon credits internationally as part of its climate strategy. However, local environmental advocates worry they have been excluded from a final public review and question how benefits will be shared with forest communities.
- Policy draft nearly complete, pending presidential approval
- Communities may receive up to 50% of carbon credit revenue
- Local NGOs seek greater public validation and fairness
What happened
Liberian policymakers have been working on a framework to establish a carbon credit market, allowing the country to sell emissions reductions to international buyers. The draft policy describes how a national registry for approved projects will be managed and how revenues will be distributed between the government and local forest-owning communities.
The Carbon Market Authority, created by executive order late last year, is set to oversee the sales. The current draft limits community revenue to a maximum of 50%, a point of contention for advocacy groups. The policy is expected to be finalized soon and sent for President Joseph Boakai's signature, with a push to expedite completion.
Why it feels good
This policy marks a significant step for Liberia in participating in global efforts to tackle climate change while generating sustainable income through its rich forest resources. By formalizing carbon credit sales, Liberia aims to align economic progress with environmental stewardship, potentially attracting international investment.
Proponents of the policy emphasize that it includes provisions for free, prior, and informed consent, ensuring communities are involved in decisions related to their lands. The establishment of a clear regulatory framework could protect Liberia’s forests and incentivize conservation by linking local stakeholders with global climate markets.
What to enjoy or watch next
Local civil society groups remain concerned about the level of community benefits and the transparency of the policy process, urging a full national validation before implementation. Watch how the government balances these demands with its ambition to move forward swiftly on climate initiatives.
International observers and partners, including financial institutions like the African Development Bank, are closely monitoring Liberia’s carbon policy, tying budget support to its completion. Future developments will reveal how Liberia navigates these pressures to create a fair and effective carbon market.