Province pilots carbon trading

NEW IRELAND has become the first province to pilot carbon trading through its Konoagil local level government (LLG).
PNG in turn has become the 15th country (out of 4,500 carbon trading projects) worldwide to start paying out carbon credits.
The projects were carried out by NIHT Topaiyo in partnership with REDD.
NI Holdings chief executive officer Essrom Toligur gave an update on the project during the opening of the Todave Council Chamber at Silur, Konoagil LLG on Aug 25.
“It’s taken us six years to get to where we are.
“And this has been made possible through the endorsement of our chiefs and people of Konoagil.
“This is about preserving our forests and resources. We don’t have to destroy our forests to make money anymore,” he said.
Managing director Stephen Straus said they wanted to preserve their resources.