ESTABLISHED carbon developers and interested carbon developers in Papua New Guinea must consult relevant authorities to negotiate agreements, an official says.
Papua New Guinea Climate Change and Development Authority managing director William Lakain said carbon projects would be funded now and into the future provided resource owners followed the right process of negotiating with the developer and signing agreements with relevant government authorities.
“We want to remind those interested carbon developers that they must consult the right office for negotiations before they start developing their carbon projects,” he said.
Lakain said there were two carbon schemes that resource owners and developers could chose from:
Voluntary carbon scheme – This is when the resource owners negotiate with the developer and sign agreements without any Government intervention to develop the carbon project; and,
Result based carbon scheme – This is the Government system. The negotiations here for the carbon development cover all parties (resource owners, developers and relevant government authorities).
Lakain said resource owners should use their initiative and think of the benefits from the projects.
The National/ Pacific Mining Watch