By VAYE ABEL LEPOLU
The Environmental Protection Agency (EPA) of Liberia has dismissed reports that the country is on the verge of losing millions in climate finance due to the absence of a Carbon Market Authority, insisting that Liberia is firmly on track to benefit from the global carbon market.
In response to an August 8 FrontPage Africa article, the EPA clarified that the so-called “Carbon Market Authority” is only one part of a broader governance structure required under Article 6 of the Paris Agreement. The agency says it is already building that framework through a deliberate, inclusive process led by the National Climate Change Steering Committee Secretariat.
Key progress includes National Policy in Place, Law in the Making, Capacity Building, Carbon Stock Studies, Inclusive Engagement, and Global Partnerships.
A draft National Carbon Market Policy is undergoing nationwide consultations ahead of a major stakeholders’ forum in Ganta, Nimba County, on August 21–22. A climate change bill is being developed to formalize carbon trading and establish a governing body.
Government agencies are receiving training in carbon accounting, benefit-sharing, and compliance procedures. Scientific assessments supported by the Coalition for Rainforest Nations are measuring Liberia’s carbon reserves. The EPA has been holding nationwide consultations with communities, civil society, and the private sector.
At the June UN Climate Conference in Bonn, EPA leaders met with European financiers interested in funding Article 6-compliant carbon projects.
EPA Executive Director Dr. Emmanuel K. Urey Yarkpawolo said Liberia’s readiness approach will safeguard national interests while maximizing returns from the carbon market.
“We are laying a solid foundation so Liberia enters the carbon market with strong governance, transparency, and credible data,” the EPA stated. The agency reaffirmed its commitment to creating a Carbon Market Governing Institution that will be operational from its first day, ensuring climate finance benefits all Liberians.
