Milne Bay REDD+ Conservation Project
Project/Juridiction proponent
Name | Website | Location of headquarters | Organization type |
---|---|---|---|
Green Giant Venture Fund | #http://www.greengiantventures.com/# | Papua New Guinea | private for-profit |
Sovereign Green Global Australia Pty. Ltd. | #http://www.sovereigngreenglobal.com/# | Papua New Guinea | private for-profit |
Project/Juridiction Partners
Name | Website | Location of headquarters | Organization type |
---|---|---|---|
Astra Resources | ND | Papua New Guinea | ND |
Project characteristics
- ID-RECCO ID601
- Project status 2022Ended
- Project nameMilne Bay REDD+ Conservation Project
- Secondary namePNG Deforestation Project
- CountryPapua New Guinea
- Last IDRECCO update year2020
- Size (in hectare)58967
- Start yearND
- End year2033
- Duration20
- Project descriptionThe project aims at promoting sustainable natural resource management and reducing greenhouse gas emissions from deforestation and forest degradation from logging and agricultural expansion. Through this project, a robust local institutional framework will be established to help land owners, including local communities, to manage forest and benefit from carbon funds. Activities include carbon monitoring, mapping assessment to monitor forest cover and the promotion of alternative and efficient energy technologies. The project is preventing logging and other destruction in the old growth forests by offering the farmers financial incentive that would have proceeded to deforest the area. Only a few area will be dedicated to selective logging.
- Objective 1climate
- Objective 2return on investment
- Objective 3social development
- Deforestation driverscattle grazing, charcoal production, energy wood, illegal logging, industrial agriculture or cattle ranching, industrial wood exploitation
- Type of foresthumid
- Project activityREDD
- Project TypeREDD
- Details for Afforestation/Reforestation activityNA
- Multiple locations?Non
- Jurisdiction level 1Province : Milne bay
- Jurisdiction level 2Not Applicable
Carbon accounting
- Crediting period2013-2022
- Period to calculate annual carbon credits
- Annual carbon credits
- Total carbon credits24459491
- Leakage is expected?ND
- Carbon pools includedND
- Gasses includedND
- Reference period start yearND
- Reference period end yearND
- Carbon standard 1Gold Standard
Carbon certification
- Carbon standard 1 Progressin process
- Carbon standard 1 Publication dateND
- Carbon standard 1 WeblinksND
- Carbon standard 1 Expiry dateND
- Carbon standard 2none
- Carbon standard 2 ProgressND
- Carbon standard 2 Publication dateND
- Carbon standard 2 WeblinksND
- Carbon standard 2 Expiry dateND
- Carbon standard 3none
- Carbon standard 3 ProgressND
- Carbon standard 3 Publication dateND
- Carbon standard 3 WeblinksND
- Carbon standard 3 Expiry dateND
- Source of informationControversies: http://www.redd-monitor.org/2014/09/17/the-strange-story-of-sovereign-green-global-australia-green-giant-venture-fund-astra-resources-and-a-redd-project-in-papua-new-guinea/; http://www.sovereigngreenglobal.com/current-project (not accessible as of August 2020); http://www.cdmbazaar.net/UserManagement/FileStorage/GR4XM5I8H6UK7S23AVEFYNCZ1LOWQ0
Community level intervention
- Any monetary benefits?Yes
- Monetary benefit typeConditional
- Monetary benefit detail50% of VERs given to forest owners (private and communities).
- Provides employment?ND
- Are there non-cash benefits?Yes
- Economic activities - typefuel efficient stoves | sustainable mining activities
- Is there tenure clarification?ND
- Is there environmental education?ND
- Is there forest access restriction or control/monitoring of deforestation?ND
- Is there forest enhancement?ND
- Is there community infrastracture improvement?ND
- Is there other community benefits?ND