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Papua signs REDD carbon deal to generate income from rainforest protection

by: R Butler
(14 May 2008)


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The government of the Indonesian province of Papua has entered into an agreement with an Australian financial firm to establish a forestry-based carbon finance project on the island of New Guinea. The project — which could involve more than one million hectares — aims to create "a perpetual financial base for local communities" through carbon credits generated by forest conservation.


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