PNG update: Logging, carbon trading and missing documents

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.

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Forests, Carbon Markets and Hot Air: Why the Carbon Stored in Forests Should not be Traded

“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”.

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More questions than answers on carbon trading in PNG

More questions than answers on carbon trading in PNGPapua 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'”.

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