Liberia: Did Liberia Sign a US$50bn Carbon Deal?

Liberia: Did Liberia Sign a US$50bn Carbon Deal?

A leaked document purporting to be the original version of a Memorandum of Understanding (MoU) that Finance and Development Planning Minister, Samuel Tweah, committed Liberia to while on a visit to the UAE has contradicted the government’s pronouncement about a very lucrative carbon deal.

The leaked document, which began circulating widely on social media last week, trashed earlier statements from the government that it had signed a US$50 billion climate fund agreement with the government of the UAE.

The MoU, according to the government, was signed with the Emirati government to implement carbon removal projects in the forestry sector in Liberia under Article 6 of the 2015 Paris Agreement and represents an important step towards promoting sustainable forest management practices and fighting climate change across Liberia, the government said in its statement.

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