TEM, and Pacific Forest Alliance have launched an innovative new five-year Sustainable Development Plan for the April Salumei rainforest conservation project in Papua New Guinea to provide long-term community benefits. The April Salumei Project is the largest rainforest conservation project in the Pacific region. The launch of the new plan coincides with World Rainforest Day this week, which highlights rainforests and their critical role in safeguarding our future on the planet.
The Plan builds on existing short-term project plans and will systematically invest carbon finance into structured, long-term social development programs with a commitment to providing lasting community benefits.
Managed by Tasman Environmental Markets (TEM) and the Pacific Forest Alliance, the April Salumei Project sustainably manages over 600,000 hectares of rainforest in the East Sepik Province of Papua New Guinea, with a crediting area of over 200,000 hectares – an area that was originally planned to be logged. The project will not only avoid 22.8 m tonnes of greenhouse gases being released into the atmosphere over its lifetime, but also protects habitat for many endangered animals. It also channels climate finance by a benefit sharing agreement that provides 60% of the revenue from sale of offsets to traditional landholders and community members, helping reduce poverty and enhance the wellbeing of local communities.
Read the full media release here:
