โ๐๐ข๐๐๐ซ๐ข๐ ๐ข๐ฌ ๐ฌ๐ข๐ญ๐ญ๐ข๐ง๐ ๐จ๐ง ๐ ๐ฆ๐ฎ๐ฅ๐ญ๐ข-๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง-๐๐จ๐ฅ๐ฅ๐๐ซ ๐๐ฅ๐ข๐ฆ๐๐ญ๐ ๐๐ข๐ง๐๐ง๐๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒโ๐๐ฎ๐ญ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐๐๐ญ๐ข๐จ๐ง, ๐ญ๐ก๐ ๐ฐ๐ข๐ง๐๐จ๐ฐ ๐ข๐ฌ ๐๐ฅ๐จ๐ฌ๐ข๐ง๐ ๐๐๐ฌ๐ญ.โ ๐น๐๐๐๐ก ๐๐๐๐ ๐ด๐๐๐๐๐ ๐๐๐ค๐ ๐๐๐๐๐.
While Liberia holds ๐๐% ๐จ๐ ๐ญ๐ก๐ ๐๐ฉ๐ฉ๐๐ซ ๐๐ฎ๐ข๐ง๐๐๐ง ๐ซ๐๐ข๐ง๐๐จ๐ซ๐๐ฌ๐ญ and 580 km of coastline, natural capital could generate tens of millions of dollars annually, but without a ๐๐๐ซ๐๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ญ๐ฒ (๐๐๐) the country cannot currently access these revenues.
Across Africa, the establishment of national carbon strategies has proven decisive to unlock climate finance, ensure revenues remain in-country, and guarantee fair benefit-sharing with local communities.
1๏ธโฃ Development of national voluntary carbon market strategies based on Paris Agreement articles 6.2 and 6.4 and bilateral corresponding adjustments enabled several countries (e.g. Kenya and Ghana) financiers for ecological preservation and restoration programs that can generate revenue for the country through carbon credits monetization.
Without a Carbon Market Authority (CMA) and a national registry, Liberia cannot issue or sell credits within a sovereign, internationally recognized framework. The CMA can set the regulatory framework and authorizes projects at the national level
2๏ธโฃ Sovereign Carbon Initiatives are grounded in the Polluter-Pays principle, requiring international emitters to make local contributions for their emissions. In line with Article 6.8 of the Paris Agreement on non-market-based mechanisms, they enable a national carbon agency (for example under the supervision of a Carbon Market Authority) to directly collect these contributions from international polluters and generate immediate financing means for environmental and energy transition programs, benefiting the most vulnerable communities.
Such Sovereign Carbon Initiatives have been implemented with success in Djibouti in 2023 and in Gabon in 2025, by the Africa Sovereign Carbon Registry Foundation.
Both approaches (market- and non-market-based) are fully complementary and are opportunities for countries to implement ambitious national sustainable development strategy while generating significant sovereign revenues.
Africa Sovereign Carbon Registry Foundation welcomes Liberiaโs growing interest in establishing a Carbon Market Authority.
๐ฌ And as a natural resource economist aptly reminded the Liberian public: โ๐โ๐๐ ๐๐ ๐๐๐ก ๐๐ ๐๐๐ฃ๐๐๐๐๐๐๐๐ก๐๐ ๐๐ข๐ฅ๐ข๐๐ฆ โ ๐๐ก ๐๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ก๐๐ฃ๐.โ
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