logoBC
Yaoundé - 15 August 2022 -
Public management

Deforestation : Cameroon’s proposed 15% increase in raw timber export duties’ not deterrent, Greenpeace Africa says

Deforestation : Cameroon’s proposed 15% increase in raw timber export duties’ not deterrent, Greenpeace Africa says
  • Comments   -   Monday, 22 November 2021 14:07

(Business in Cameroon) - Today November 22, 2021, environmental NGO Greenpeace Africa issued a release commenting on Cameroon’s plan to increase taxes on raw timber exports.

"The option to increase raw timber exports taxes is insufficient to effectively combat deforestation and climate change.  As it stands, the rise is not a deterrent, This increase in exit fees as it stands is not a deterrent," says Ranece Jovial Ndjeudja, Forest Campaign Manager for Greenpeace Africa.

According to the manager, for effective forest protection, a paradigm shift is needed through the promotion of alternatives that can stop tree cuttings.  Greenpeace Africa believes that the paradigm shift presents social and cultural benefits for communities as well as economic incentives that equal or even exceed that of the option currently promoted by the government.

Woodcutting, even selective cuts,  significantly place forest and wildlife at risk because it will likely facilitate the job for poachers, the NGO claim. To back its claim, it explains that to carry out their illegal activities, poachers take forest tracks that would not have been available if no trees were cut.

Meanwhile, in its draft 2022 budget, Cameroon explains that its decision to increase raw timber export rates would allow it to generate additional taxes and customs revenues. The revenue generation reason aside, the measure aligns with the CEMAC decision to heavily tax raw timber exports to discourage such practices.

S.A.

 

euro-dollar-fluctuation-raised-cameroon-s-debt-by-cfa420bn-in-one-year
Recent fluctuations between the euro and the U.S. dollar have increased Cameroon's debt by CFA420 billion (+11.2%) between June 2021 and June 2022. Data...
e-guinean-bange-bank-to-get-listed-on-the-bvmac-first-bank-to-join
Guinean Bange Bank is preparing its listing on the regional stock exchange Bvmac. Louis Banga, MD of the stock market, met on August 9 in this regard with...
cameroon-beac-forecasts-brewing-profit-to-fall-in-q3-2022
The Bank of Central African States Beac forecasts the brewing industry in Cameroon to experience a sharp decline in Q3 2022. In its bulletin, the...
cameroon-fuel-subsidies-could-finally-exceed-cfa780-billion-in-2022
The Cameroonian government announced it will approve CFA780 billion in fuel subsidy to keep pump prices unchanged in this harsh period marked by rising...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »