June 22, 2023
According to estimates by the Center for Global Development (CGD), the Congo Basin forest, which covers a total area of 298 million hectares, absorbs around 600 megatonnes of CO2 every year (1 megatonne = 1 million tonnes). In terms of carbon credits, this corresponds to 30 billion US dollars per year, based on the social value of carbon estimated at 50 dollars per tonne in 2020 by the US Interagency Working Group on the Social Cost of Greenhouse Gases (GHGs).