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2 clusters · 2 sources · 17 days · First seen · Last updated

Papua New Guinea carbon trading development

Overview

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.

Entities

James Marape · Papua New Guinea · Christopher Luxon · Solomon Islands · Matthew Wale

Timeline

  1. 11 days ago

    [INTERNATIONAL] 2 sources
    Papua New Guinea develops carbon trading to drive forest-based export economy

    Papua New Guinea is developing a carbon-based export economy by strengthening regulations for forest carbon credits and pursuing international cooperation under the Paris Agreement.

  2. 27 days ago

    [BUSINESS] 2 sources
    Papua New Guinea and Solomon Islands advance economic partnership

    Prime Ministers James Marape and Matthew Wale met in Honiara to launch a business investment forum aimed at deepening economic ties and joint ventures between Papua New Guinea and the Solomon Islands.

Sources

news.pngfacts.com · theglobaleconomics.com