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Forest Conservation, Likely Gains from Carbon Markets and Economic Growth in the Congo Basin Countries

In: The Palgrave Handbook of Carbon Trading in Africa

Author

Listed:
  • Roger Tsafack Nanfosso

    (University of Dschang, Department of Economic Analysis and Policy, Faculty of Economics and Management)

  • Hilaire Nkengfack

    (University of Dschang, Department of Public Economics, Faculty of Economics and Management)

Abstract

The purpose of this chapter is to assess the leading role played by the countries of the Congo Basin in the conservation of the world’s forests. Their ability to sequester carbon, and thus combat climate change, should therefore be an additional factor in economic growth, particularly through the carbon market. The study shows that these countries absorb on average the equivalent of 1873 billion tons of carbon dioxide, for a potential revenue from the carbon market of 1246 billion US dollars, or around 5% of the GDP of all the countries in this sub-region. This performance falls far short of what the market is able to generate, bearing in mind that the Congo Basin is considered to be the second-largest forest massif in the world, after the Amazon. The African carbon market therefore faces major constraints that need to be overcome to unlock its potential to contribute to wealth creation.

Suggested Citation

  • Roger Tsafack Nanfosso & Hilaire Nkengfack, 2026. "Forest Conservation, Likely Gains from Carbon Markets and Economic Growth in the Congo Basin Countries," Springer Books, in: Obindah Gershon & Ayodele Asekomeh & Smith I. Azubuike (ed.), The Palgrave Handbook of Carbon Trading in Africa, pages 179-194, Springer.
    • Handle: RePEc:spr:sprchp:978-3-032-00934-0_9
    DOI: 10.1007/978-3-032-00934-0_9
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    Keywords

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    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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