Source: International Business Times
Papua New Guinea will 'immediately' lift a ban on forest carbon credit schemes, the Pacific nation's climate minister said, opening up its vast wilderness to offset global emissions AFP Papua New Guinea will "immediately" lift a ban on forest carbon credit schemes, the Pacific nation's climate minister told AFP on Thursday, opening up its vast wilderness to offset global emissions. The island of New Guinea is cloaked in the world's third-largest rainforest belt, helping the planet breathe by sucking in carbon dioxide gas and turning it into oxygen. Foreign companies have in recent years snapped up tracts of forest in an attempt to sell carbon credits, pledging to protect trees that would otherwise fall prey to logging or land clearing.
