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https://www.abc.net.au/news/2023-02-14/carbon-credits-projects-papua-new-guinea-logging-four-corners/101936714>
"The south-western shores of New Ireland, Papua New Guinea, are fringed by
pristine rainforest.
An American company called NIHT Inc has partnered with local people here to put
an end to deforestation in the region.
NIHT stands for “New Ireland Hardwood Timber”, and as the name implies, it
started out as a timber company with its own plans to cut down the rainforests.
It shifted instead to preserving the trees and turning the carbon within them
into an asset.
Businesses in Australia have been enthusiastic customers of NIHT Inc.
The Sydney Opera House, Planet Ark, Nespresso, the law firms Gilbert + Tobin,
and Corrs Chambers Westgarth, and Active Super are among its clients.
They’ve been buying carbon credits from the NIHT project to offset their
greenhouse gas emissions. And the pitch is attractive, with NIHT promising to
stop “exploitative commercial timber harvesting in the project area” and to
“alleviate the impact of poverty”.
But there’s a gap between the NIHT marketing and reality."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
