LANDOWNERS WIN TWICE WITH CARBON TRADE
“Roberts”, of Nupan (PNG) Trading Corporation Limited explained today that any Landowner participating in the voluntary Carbon Trade now would “win twice”.
“It’s really simple. Today there is no compliance market for forest carbon credits, only a voluntary opportunity. So any project we have under development will immediately benefit from selling their credits into the voluntary market today. And the big thing is, if the compliance market recognizes forest credits in four or five years time, the Landowners can then sell into that market. Because their credits will have been dual verified under the VCS and CCBA protocols, they will be immediately accepted into the compliance market, giving PNG a huge jump on the competition from other countries.”
Australia, New Zealand, Canada and the USA have already stated that forest credits will be accepted once they have a compliance market up and running.
Roberts also said that he was on his way to Washington with the methodology for Kamula Doso and East Pangia, as the final stage in that process, and that the Production Design Document (PDD) for Kamula Doso was now being displayed for public comment. It is expected that the East Pangia PDD will be ready for comment in 6 weeks time.
Robert’s Voluntary Carbon Trading module for PNG especially identifies the importance of land tenure and the fact that the individual forests are owned by their ILG’s as “Incorporations”, which in return promotes a stable forest business for the future. This is unique to PNG.
“These are major milestones for both projects, and we are now just a few weeks away from having everything in place to provide PNG with a world class carbon trading system, one that will provide immediate revenue for the landowners, providing health, education, and infrastructure development, as well as thousands of jobs in the forests. This is a really big opportunity for PNG to lead the way forward by showing the world that the forests will not be logged, and that carbon trade is here to stay.”
Of course, the Landowners have a choice – they can wait four or five years for the compliance market to evolve, or they can “win twice” and get paid now for their carbon credits.
