Source : proactiveinvestors
“While the final outcome from COP26 currently remains in the balance, what has been clearly evident throughout the conference is the willingness of the private sector to mobilise capital for nature-based solutions in order to address global warming”
The forestry, timber trading, reforestation and voluntary carbon credit company has over 166,000 hectares of concessions for sustainable forestry in the African country.
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Board members and the senior leadership team of the AIM-listed group engaged with key stakeholders and took part in discussions on tackling climate change and promoting the role Woodbois can play in supporting host countries and international businesses in achieving their pledges.
Woodbois held meetings with Gabon’s Minister of Forests, Oceans, Environment and Climate Change and other government representatives.
Gabon has lobbied throughout COP26 for developed nations to recognise the value to the planet of the Congo basin’s forests as carbon sinks.
The Woodbois team also met Ministers of Forestry and the Environment from multiple other African countries, who were “universally interested” in the potential benefits of its model of sustainable forestry and carbon sequestration through scalable reforestation projects.
“While the final outcome from COP26 currently remains in the balance, what has been clearly evident throughout the conference is the willingness of the private sector to mobilise capital for nature-based solutions in order to address global warming,” said executive chair Paul Dolan.
“Evidence of a climate crisis and the value of the earth’s remaining tropical forests as a key mitigant, is recognised by people throughout the world and can no longer be ignored by policymakers. While we hope for a COP26 outcome containing strong commitments to action from the 180+ countries in attendance, our conviction is that regardless of outcome, a framework for a global carbon market bringing the ability to price carbon emissions and offsetting sequestration is inevitable, and we will continue to position the company accordingly.”