The truth about Papua New Guinea’s carbon trade

Posted by Word Press: None Given on October 29th, 2010
Word Press: The Prime Minister of Papua New Guinea stated in The National (11th October 2010) that the REDD+ approach that is being championed by his government is being undermined by the trading of forest carbon through the voluntary carbon schemes (VCS) in PNG. He describes VCS as being risky and premature. But how much truth is in what the PM said is anybody’s guess. The PM does not elaborate on the risks involved in the VCS, but the only cheap excuse given is that the VCS are thinly capitalised. The......

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