Boasting more than 5% of the world’s biodiversity on 1% of land area, Papua New Guinea receives payment to continue its work of conserving its forests and reducing CO2 emissions.
At the beginning of July, Papua New Guinea (PNG) became the first small island developing State in the world, and only the second country in Asia and the Pacific after Indonesia, to receive a results-based payment for the country’s work in halting deforestation and conserving forests.
This payment is part of the initiative REDD+ (Reducing Emissions from Deforestation and Forest Degradation plus), which is focused on encouraging and rewarding developing countries for their effort in this area…
Source: Vatican News
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