27/11/08
A report from Greenpeace claims to show that Papua New Guinea forests have a vital role to play in stopping dangerous climate changes and could earn billions of dollars from carbon funding. However, illegal and destructive logging is diminishing the carbon value of its forests and is a major source of PNG’s greenhouse gas emissions, it alleges. “Our report questions whether PNG is fit to play the carbon game,” Greenpeace forest campaigner Grant Rosoman said. He said there was huge potential for capturing the value of forest carbon but ongoing destructive logging and poor forestry governance meant PNG had a long way to go to convince the world it could protect its forests and distribute funds equitably to local communities. “Deforestation is one of the main causes of climate change, accounting for almost a fifth of greenhouse gas emissions, Mr Rosoman said. Selective logging is often thought to have a low impact on the amount of carbon stored in forests because, although degraded, the forests still exist.
See: http://www.postcourier.com.pg/20081127/thhome.htm
Tags: Environment, PNG, Trade