Vanimo-Green plans to venture into carbon trading

The Vanimo-Green River Electorate in Sandaun Province is switching to forest conservation mode.

It is trying to preserve its dense rainforest to tap into the lucrative international carbon trading market.

Dr Cossey Yosi, the man engaged by Vanimo Green District Development Authority to make the dream become reality, said a lot of work needs to be carried out before the district enters the carbon trading market.

He told Loop PNG that an estimated 500,000 hectares will be covered in the project.         

“Forest Carbon Inventory data will have to be done first before independent (firms) verifies the inventory,” Dr Yosi said.    

The inventory exercise is yet to be carried out.

Papua New Guinea is home to the largest rainforest in the Asia-Pacific region, and the 3rd largest rainforest in the world.


Charles Yapumi