But the leaked document revealed that Liberia did not sign an MOU with the UAE, but rather with Blue Carbon, a private company. The MOU was signed by Finance Minister Tweah for Liberia, while Blue Carbon's Chief Executive Officer (CEO), Josaine Sadaka, signed for the company. Under the agreement, Blue Carbon is charged with the responsibility to conduct feasibility studies, secure the respective accreditation of the cooperation framework, and create the right structure. Liberia has the potential to store approximately 11.7 million tons of carbon annually and generate up to 58.5 million dollars each year. "This is what rural communities in Liberia need, and this is what we will demand," an advocate who prefers to remain anonymous, said.

Source: Daily Observer April 18, 2023 01:16 UTC