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Tag: Risk

Is PNG’s Office of Climate Change and Carbon Trading illegal?

Posted on 24 February 200914 September 2017

Eastern Highlands Governor, Malcolm Kela-Smith, states that Papua New Guinea’s Office of Climate Change and Carbon Trading (OCCCT) “is illegal and established without due regard for existing mandates”, according to an article in The National on 15 February 2009. Kela-Smith warned landowners and provincial governments not to enter into any deals solicited by the OCCCT.

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The insurance industry on carbon stored in forests: “It’s a regulatory asset.”

Posted on 10 December 20083 March 2019

On Tuesday, 9 December 2008, I visited the Sheraton Hotel for an event titled “Making Forests Competitive: Practical solutions for permanence”. Organised by the legal firm Norton Rose, in association with the UNEP Finance Initiative and Carbon Markets and Investors Association, the event looked at the possibilities for the insurance industry to insure forest carbon.

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Risk – the fatal flaw in forest carbon trading?

Posted on 5 December 200812 September 2016

One of the key issues related to REDD is that of risk. All trade carries an element of risk, but there is general agreement that the risks associated with forest carbon trading might be substantial, and possibly unresolvable, at least in the short term.

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Overseas Development Institute: the challenge of forest governance

Posted on 18 November 200819 February 2013

In a new response to the ‘Eliasch Review’, the London-based Overseas Development Institute has warned that ‘capacity strengthening’ of long-neglected forestry institutions in order to undertake REDD programmes could take ‘decades’.

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“The rejection of REDD is for the patrimony. Having accepted it would have complicated life for future generations. Why? Because the land is ours. We are bound and obliged to leave it for perpetual use. REDD would have been a betrayal for the long-term, with many consequences – cultural ones, but even more, our possibility to be a people, to be a nation. It would have been the end of us as a people.”

— Inatoy Sidsagi, Kunarevolution, September 2013

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