• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Africa’s forests could help ease its debt burden, Lazard Group says

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
46
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa’s forests could help ease its debt burden, Lazard Group says

African nations struggling with excessive debt should look to boost their finances through selling carbon credits with the help of development banks, according to the head of Lazard Inc.’s Sovereign Advisory Group.

The continent is home to the Congo Basin tropical forest, second in size only to the Amazon, and almost a quarter of the world’s mangroves.

African “countries have forests, they have incredible natural assets of great value in terms of carbon preservation,” Thomas Lambert, managing director of the group, said in an interview conducted last week. “This has to be part of the balance sheet.”

Lazard has a unique perch to offer suggestions on debt troubles: It’s been involved in many sovereign restructurings, including ongoing work to help Ghana, Zambia and Ethiopia with reworking their liabilities.

Lambert himself was deputy general secretary of the Paris Club group of creditor countries before joining Lazard in 2011.

A carbon credit represents a ton of carbon dioxide equivalent removed from the atmosphere or prevented from entering it in the first place. Producers of the climate-warming gases can buy the securities to offset their emissions.

RelatedPosts

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

Still, while the continent has vast forested areas, making money from them in the form of carbon offsets is complicated.

A string of investigations by climate activists and academics has raised serious questions about some of the offsetting claims attached to such credits.

“Certifying the value of these carbon credits is a complex issue,” Lambert said. “How can they be recognized by the financial community, by the lenders as a tangible asset that has a dollar value.”

That’s where multilateral development lenders like the African Development Bank can step in by providing technical help through supervising the issuance of carbon credits or certifying their validity to make them marketable, according to Lazard.

“The idea of having multilateral development banks backing these kinds of initiatives, where it reinforces the credibility of these assets is absolutely critical,” said Lambert. “It’ll take time, but it’s unavoidable.”

Development banks should also agree to accept carbon credits as repayment for loans they borrow to these countries, Lazard said.

“For example, if the African Development Bank assisted one of its borrowers in the creation of carbon credits, it would accept these credits as currency to repay loans made by it to that country,” according to the financial advisory. “In doing so, it would stand behind the validity of the credit and rely on its institutional and market expertise to monetize it.”

The AfDB didn’t immediately respond to questions on whether it shares this view.

Tags: Africa’s forestsAfrica’s forests could help ease its debt burdencarbon creditsCongo Basin tropical forestLazard Group says
No Result
View All Result

Highlights

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

President Mahama Secures Infrastructure, Technology, and Agriculture Deals on Japan Visit

Mida Pledges Alignment With US Strategic Shift On Millennium Challenge Corporation

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

Trending

Features

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

August 25, 2025

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers As anticipation builds for the...

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

August 25, 2025

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

August 25, 2025

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

August 25, 2025

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

August 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.