FGIS CEO on Gabon's Growing Green Economy

The video discusses Gabon's significant role in global environmental efforts, highlighting its vast forest coverage and carbon sequestration capabilities. Gabon is a leader in carbon credit issuance, though the market is flawed, favoring countries improving emissions rather than those already below zero. The discussion covers the need for financial instruments to support conservation and green growth, emphasizing global partnerships and initiatives. Gabon's approach to balancing resource use and environmental preservation is explored, along with the challenges of achieving scale and speed in green initiatives.

Why is Gabon referred to as the 'lungs of Africa'?

• Because it has a large desert area.

• Due to its extensive forest coverage.

• Because of its high population density.

• Due to its large oil reserves.

What percentage of Gabon's land is covered by forests?

• 70%

• 95%

• 50%

• 88%

What significant action did Gabon take in 2010 regarding its timber industry?

• Banned the export of raw logs.

• Increased timber exports.

• Started importing timber.

• Reduced forest conservation efforts.

How much carbon does Gabon sequester annually?

• 35 million tons

• 105 million tons

• 140 million tons

• 70 million tons

What is a major flaw in the current carbon credit market according to the discussion?

• It does not value standing forests adequately.

• It only benefits developed countries.

• It is too expensive for small countries.

• It focuses solely on renewable energy.

What is the main challenge for countries like Gabon in the carbon credit market?

• Lack of technology.

• Low biodiversity.

• Inadequate financial instruments.

• High deforestation rates.

What is the role of standing forests in climate stabilization?

• They increase global temperatures.

• They have no significant impact.

• They play a critical role in stabilizing climate.

• They are only important for local ecosystems.

What was a key outcome from the global financial pact in Paris?

• Focus on nuclear energy.

• Reduction in global trade.

• Commitment to support the global South.

• Increased oil production.

What is a significant challenge Africa faces in balancing development and green transition?

• Lack of natural resources.

• Overpopulation.

• Balancing resource use with environmental conservation.

• Excessive foreign investment.

What is Gabon's approach to sustainable logging?

• Importing timber from other countries.

• Cutting one tree per hectare.

• Banning all logging activities.

• Cutting all trees in a hectare.