Ghana Signs

The Forestry Commission, under the auspices of the Ministry of Lands and Natural Resources, has signed Emission Reductions Payment Agreement (ERPA) with Emergent Forest Finance Accelerator Incorporated (Emergent), a US-based non-profit organisation that serves as the convenor and coordinator of the Lowering Emissions by Accelerating Forest Finance (LEAF) Coalition. The agreement will see Ghana receiving payment of up to US$50 million for emission reductions of up to five million tonnes of carbon dioxide equivalent, at a unit price of US$10 per tonne of carbon dioxide equivalent. The Agreement, which was signed on Friday, December 1, 2023, on the sidelines of…