Officials in Washington market carbon projects

Kirk Roberts’ Nupan (PNG) Trading Corporation Limited science team arrived in Washington yesterday to finalise the requirements for the PNG specific methodology for the Kamula Doso and East Pangia rainforest carbon trading projects. Three years in the making, it represents the first methodology created specifically for the tropical rainforests of PNG, Mr Roberts claims. “What makes this achievement special is that through the application of this methodology, production design documents can be created for each project and any other forest based carbon credit project within PNG with landowner approval and support. “The benefits are huge with the rainforests saved from logging and landowners get revenue from commercialised carbon trading year after year for the next 40 years. This will help the landowners in project areas to improve their health services, education, communication, transportation and infrastructure to help build PNG. The landowners win twice as they get revenue from the carbon credits in the world commercial market and in three to five years time, their projects will be rolled into whatever new scheme that eventuates, he said.