Papua New Guinea develops carbon trading to drive forest-based export economy

Papua New Guinea is working to transform its vast rainforests into a new export economy centered on carbon trading. By strengthening its regulatory architecture and pursuing international cooperation under Article 6 of the Paris Agreement, the nation aims to generate revenue from forest conservation rather than timber harvesting.

The Climate Change and Development Authority has advanced this initiative by submitting a TREES Registration Document for the 2017–2021 crediting period. This move seeks to establish a high-integrity market for jurisdictional forest carbon credits under the ART-TREES framework, potentially bringing overseas capital into community development and climate-related investment.