April Salumei is a REDD project in Papua New Guinea. Various companies, including Qantas, Eneco Energy Trade, and Norwegian supermarket chain Rema 1000, have bought carbon credits from the April Salumei REDD project. Should you so wish, you can buy carbon credits from the project on the USAID-funded website Stand for Trees.
Papua New Guinea was one of the founders of the Coalition for Rainforest Nations that five years ago proposed “a novel economic model for reducing deforestation” at COP-11 in Montreal. But the country has seen a series of REDD related scandals and the problems, it seems, just won’t go away.
Two new Project Development Documents have recently been posted on the Climate, Community and Biodiversity Alliance (CCBA) website, relating to REDD-type projects in Papua New Guinea: Kamula Doso Improved Forest Management Carbon Project and April Salumei Sustainable Forest Management Project.
A month ago, I wrote to the UN-REDD team in Papua New Guinea to ask, among other things, what has happened to the programme’s budget of US$2,596 million. I am still waiting for a reply. Last week, I sent a reminder, along with a new question about the PNG government’s investigation into the Office of Climate Change, the key documents of which, it seems, have disappeared.
This week, activists protested outside a Carbon Trading Summit in New York. Executives from JPMorgan Chase, Goldman Sachs, Duke Energy, American Electric Power and other corporations mingled with representatives from government, carbon credit aggregators, hedge funds and carbon traders.
“If you wondered whether capitalism could ever produce the perfect weapon of its own destruction, try this heady mix of carbon fuels, the trade in financial derivatives, and more than a dash of neo-colonialism, and boom!” This is Professor Stefano Harney, University of London, commenting on a new book: “Upsetting the Offset: The Political Economy of Carbon Markets”.
Here are two more REDD-related news items from Papua New Guinea. The first is an article from Ilya Gridneff, a journalist with Australian Associated Press in Port Moresby. Carbon Planet has invested A$1.2 million in projects in PNG.
Papua New Guinea’s forest carbon trading fiasco is back in the news. The focus is on Kirk Roberts, pictured right, his company Nupan (PNG) Trading Limited and an Australian carbon trading firm, Carbon Planet. “It’s no secret that I am one of the most important foreigners in PNG,” Roberts says. But his opponents have called him “the kingpin of the ‘carbon cowboys'”.
Last week, Theo Yasause, the director of Papua New Guinea’s Office of Climate Change, was suspended while an internal investigation of the office is carried out, reports Australian Associated Press. For several weeks, the government of Papua New Guinea has been embroiled in a scandal over the issuance of a series of REDD credits, in the absence of any policy or legislation. Yasause denies having done anything wrong.