The plan is designed to: (1) enable Gabon to control its GHG emissions and reduce climate risks across the country and (2) enable the reconciliation of environmental protection and sustainable economic development, in accordance with the Gabon Emergent strategy.
The Plan provides improved spatial planning to precisely determine which areas are to be developed for agriculture, mining, infrastructure and conservation, with a focus on reducing vulnerability to coastal erosion and deforestation. It also provides a national plan to reduce emissions from 'flaring' from gas and oil production, produced in collaboration with the oil sector. The plan promotes increased reliance on domestic renewable energy sources, particularly through the development of hydro-electricity.
The plan sets the following targets:
- create a sovereign wealth fund
- reduce the volume of waste products flared during oil production by 60% by 2015
- produce a carbon budget each year for all new projects and private enterprises
- produce a national carbon budget every two years
- produce 80% of energy from clean sources by 2020
