Gates interested in ‘credits’

By MIRIAM ZARRIGA
THE Papua New Guinea pavilion at the 26th Conference of the Parties (COP26) in Glasgow, Scotland, received billionaire Bill Gates who expressed interest in PNG’s carbon credits.
PNG’s special envoy, Minister for Environment Conservation and Climate Change Wera Mori, said Gates indicated his interest after meeting with the PNG’s partners in Coalition for Rainforest Nations and Ernst and Young Global Ltd – two organisations that are helping PNG in carbon trading.
Mori, at the meet and greet with Gates, said: “PNG is fortunate in our endeavour to monetise our drive to ban logging and go straight to carbon trading on the credits that we have.
“It is a privilege to partner with the Coalition for Rainforest Nations and Ernst and Young to oversee our drive in this direction.
“It is very encouraging to know that one of the richest men on the planet, when he came to Glasgow, he chose to conduct his business meeting in our booth, the PNG
pavilion, with global chief executive officer for Ernst and Young Carmine, Di Sibio, and other officials whom we are partnering with.”
Mori said it boded well for PNG’s interest in carbon trading that it had met with some of the world’s most influential players in the industry.
“The only thing we can take from this it is the involvement of people with credibility that will pave
way for PNG’s drive in what we want to do to go in carbon trading. We are so happy that Bill Gates conducted his only business meeting in our PNG pavilion,” he said.