The initial payment represents just 0.1% of Gabon's annual GDP, but Forest Minister Lee White told the BBC that it was a significant first step.
Nevertheless, the country wants to earn more money from timber and says it will continue to harvest trees and increase the value of the sector by processing more of the raw material at home. The government says that its monitoring shows that the country can maintain its carbon stocks through sustainable forestry.For many years, richer countries have sought to end deforestation in Africa and elsewhere by paying poorer nations to protect their trees.
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