“Carbon emissions have to decline by 45% from 2010 levels over the next decade in order to reach net zero by 2050. This requires a massive reallocation of capital. If some companies and industries fail to adjust to this new world, they will fail to exist.”Open letter from the Governor of Bank of England Mark Carney, Governor of Banque de France François Villeroy de Galhau and Chair of the Network for Greening the Financial Services Frank Elderson.
The Congo Basin is home to the world’s second largest tropical forest – spanning Cameroon, Central African Republic, Republic of Congo, Democratic Republic of Congo, Equatorial Guinea and Gabon. The area hosts world class biodiversity, including iconic flora and fauna, in one of Africa’s least densely populated regions. Native wildlife includes forest elephants, great apes and rare birdlife, whilst the landscape encompasses dense tropical forests, savannahs, montane ecosystems, estuaries and marine areas.
Tropical forest covers 85% of Gabon’s territory. The country has set an ambitious green growth strategy – Gabon Emergent – to develop the country’s natural resources sustainably to create jobs, diversify the economy and reduce dependence on oil revenues, whilst protecting its unique natural environment.
Grande Mayumba is a pioneering model for sustainable, principled green growth in the Congo Basin.
The project has been designed to reflect the principles of Gabon Emergent and to incorporate world-leading environmental and climate science standards and methodologies.