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The Independent UK
The Independent UK
National
Zane Irwin

A $500 million deal to restore Gabon's coast reignites climate finance debate

Copyright 2021 The Associated Press. All rights reserved.

Gabon will use a controversial financial move to ease its debt burden and restore its oceans at the same time, a leading conservation group said Tuesday.

It’s the second-largest deal of its kind to date, and the first on mainland Africa, according to a press release by The Nature Conservancy, the global environmental nonprofit that helped broker the deal.

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