Showing posts with label Carbon trade on Blockchain. Show all posts
Showing posts with label Carbon trade on Blockchain. Show all posts

Friday, February 1, 2019

Customary landowners must consider what Paris Accord has to offer PNG forests amid logging options

By PETER S. KINJAP | COMMENTARY

PAPUA New Guinea (PNG) is a signatory to the Kyoto Protocol and is amongst the 164 countries in the world that have submitted their national plans to combat Climate Change since the Paris Agreement was adopted in December of 2015.

PNG needs to earnestly embrace what the Paris Accord has to offer.

With 60% of the country’s surface area covered by forests, is home to the third largest area of intact tropical forests in the world. A large portion of the country’s greenhouse gas emissions come from the use of land and forests (LULUCF). A well-established forestry sector concentrating on the extraction and export of logs contributes approximately US$297 million to PNG’s national economy each year.

Carbon, as an alternative commodity for trade, should have been included as part the government’s drive to promote environmentally sustainable economic growth.

When carbon trade was first suggested for PNG, two expatriates; Kevin Conrad and Robert Kirks were pushing for each of their carbon trade schemes. While Kirks was not easily accepted with his voluntary carbon trade scheme into PNG, Conrad had his way to convince the then Prime minister Sir Michael somare with REDD+.

The then Deputy Prime Minister Hon. Don Polye got behind Kirks seeing it would benefit the customary land, forest and carbon owners in PNG. A bit of tag of war between Polye-Kirks and Somare-Conrad over which carbon trade scheme would best fitting the nation.

Robert Kirks never failed by got sidelined by the government, and thus Voluntary Carbon Trade scheme was not supported by policy framework and not recognized by the Government.

The NA-led Government was then very instrumental in policy framework for REDD+ programmes in PNG. Whilst REDD+ is seen as having enormous potential in PNG, challenges may lie ahead.

The country’s forestry sector is also characterized by a lack of transparency and accountability mechanisms, persistent allegations of corrupt practices and significant losses to the government purse.

Therefore, it is a requirement under this international treaty to reduce our greenhouse gas emissions (GHG). This is to ensure we assist in the international effort to mitigate the adverse effects of climate change.

Many people in the developed world speculate that reducing emissions from deforestation and degradation of forests in developing countries will be cheap and easy.

In the case of PNG, it will not be cheap and easy to reduce emissions from deforestation and degradation of forests.

The implementation of REDD+ on customary land will be a daunting task for the government because natural forests and land belongs to the customary landowners (CLOs), and not the Government.

As such the PNG Government will have to find better ways to implement the REDD+ concept so that REDD+ is efficiently implemented in PNG.

In so doing, the CLOs will be happy, the Government will be happy, carbon brokers will be happy, and REDD+ projects will not be jeopardized in future due to legal, social and environmental implications.

Moreover, PNG will fulfill its international obligation to reduce its GHG emissions from LULUCF. And this will portray a good image of PNG on the international arena.

More than 97% of the land in PNG is customarily owned, accounting for the total of 29 hectares of forested land. Therefore, control of deforestation and degradation of forests will not be an easy task.

In an undated article, researcher Nalau Bingeding of National Research Institute points out there is likely to be conflict of interest among CLOs and competition between developmental sectors for forested land for development.

Conflict of Interest between city resident CLOs who may want a logging or agroforestry project, while village based CLOs may want a conservation or carbon trade project. A good example is the issuance of the SPABL over a large area of forest in the Collingwood Bay Area (Oro Province).

Competition between development sectors – One sector may want a piece of a forested land for its development, but another sector may also be interested in the same piece of land for its development. For example, a company may want to develop a forested land for oil palm, but the Department of Environment and Conversation may want that land for conservation. So there will definitely be competition for forested lands for development.

So how do we eliminate conflict of interest among CLOs and competition between developmental sectors for forested lands for development?

A National Land Use Plan (NLUP) is an option that has to be looked at. With a NLUP, areas around the country have to be designated for different economic activities based on some opportunity cost or cost-benefit-analysis and sound scientific knowledge (both forested and non-forested land).

In this way the most appropriate activity or activities are designated for an area, thus it should minimize the chances of conflict of interest among CLOs and competition between developmental sectors for development of forested lands.

In order for customary land to be unlocked for social and economic development, a report recommended for a voluntary registration system of customary land to be established under the Land Groups Incorporation Act 1974 (recommendation 49). Since 2009 two Acts have been passed by parliament in response to this recommendation: (i) Land Group Incorporation (Amendment) Act 2009 and (ii) Land Registration (Customary Land) Act 2009.

The mechanisms for unlocking customary land for social and economic development are not yet in place.

There has been an increase in the number of Special Agricultural and Business Lease (SABL) granted over customary land in the name of economic development.

If SPABLs are granted over customary land (under the Lease Lease-Back (LLB) system) for REDD+ program and carbon trade, we may attract the ire of the international community.

This is because indigenous rights are protected under the UN Declaration on the Rights of Indigenous Peoples and Indigenous Rights is now part of the negotiating text on REDD at the UNFCCC COPs.

To date, SABLs in the country have been reported channeled through a competent court, all leases under SPABL were forfeited and the land is back to the customary landowners.

The Government is yet to publish all the forfeited leases under SABL.

REDD+ funds were proposed to put in trust accounts set up by parliament and then monies disbursed to customary landowners via a board of trustees.

REDD+ funds already established include Mama Graun Conservation Fund, PNG National Forest Fund (GreenPeace 2010) and the PES Fund (EcoForestry Forum 2010).

Whether these funds are indeed operating to benefit the indigenous people of PNG or not is something not known at this stage. - Via Garamut News.




Friday, January 25, 2019

Decentralized Autonomous Organization plan to revolutionize Green economy through blockchain

DAO IPCI's CTO Sergey Lonshakov provides step-by-step guidance on issuing and trading carbon credits on DAO IPCI blockchain. Image: DAO IPCI
The fusion of the blockchain to climate action could not have come at a better time. DAO IPCI is a decentralized organization that aims to introduce an integral platform for climate initiatives on the blockchain.

The platform intends to provide a blockchain ecosystem that allows everyone interested in climate change to join and help launch mitigation programs for the benefit of the environment.

A further task is that the platform aims to monetize the environmental assets in a course to raise funds for financing climate sustainability programs. 

The DAO IPCI plans to execute this through their DAO IPCI protocol, which will be the first carbon credit transaction on the blockchain. The concept expects to fuse with blockchain technology to facilitate carbon markets together with environmental assets.
DAO IPCI Benefits

Every player of the green economy is set to benefit from DAO IPCI and its token use. Whether a business, individual or green infrastructure company, the platform has proposed advantages to each of these interested parties.

One significant advantage is the ability to facilitate peer-to-peer financing of different green projects. Such an idea will help fund the green project in a secure manner and on a much global scale regardless of borders. 

Additionally, the platform is a pioneer in the use of blockchain to counter climate change. Consequently, this makes the platform a leader in helping to reduce the ecological damage on our environment.

The project is also set to improve the trust and quality of green assets since it will eliminate fraud and increase transparency of the green investments and their supply chains. 

Also, the blockchain use in environmental programs will boost the green economy due to the precise calculation of the ecological footprints and how to offset them.
The MITO token

The MITO tokens represent the crypto is use by DAO IPC within their ecosystem. An initial assessment portrays the crypto as an environmental unit of exchange based on a specific protocol. 

This makes the Mitigation tokens the core element in facilitating the integrity of the transactions within the ecosystem. The platform intends to use the tokens as a digital representation of the mitigation cost incurred such as the CO2 cost equivalent.

The MITO emission protocol predetermines the ERC20 token works on the Ethereum blockchain and each units' ratio. The protocol is used to ensure that there is a direct correlation between the current number of MITO emissions and the environmental units.

That is of course through the environmental units' registries. As a result, each increase in climate mitigation outcomes will have a long-term effect on the value of the DAO IPCI ecosystem and the Mitigation token.

DAO IPCI Conclusion

Most environmentalists would see great benefit in such a program. Still, the project is not for the climate expert only, and the plan was open from the start about on accommodating everyone who wants to fight climate change.

All-in-all, I would say this is a unique project that has great potential, especially in saving our environment.

 And if you are in search of a way to remove your carbon footprint then DAO IPCI is a sure way to accelerate your shift to becoming environmentally conscious. 

The project seems a bit complex on how it intends to work, however, this has little effect to what the future has in hold for the blockchain innovation.


source: https://bitcoinexchangeguide.com/dao-ipci/