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World

Fiji engages in new five year carbon trading plan

2020-01-03 09:26:40

SUVA, Jan. 3 (Xinhua) -- Carbon will soon be a new commodity for the Ministry of Forests in Fiji as part of efforts to address climate change.

According to Fiji Broadcasting Corporation (FBC), Fiji's Ministry of Forests Permanent Secretary Pene Baleinabuli said on Friday a new five-year carbon trading plan will help reduce carbon emissions in an effort to address climate change.

"It's meant to address climate change, first and foremost, but within it, there is opportunity for resource owners who grow their trees and do not log them to also make a bit of money through carbon trading," Baleinabuli said.

Baleinabuli said the World Bank is willing to be the first to buy Fiji's carbon.

Fiji is currently undertaking a 4 million tree campaign which includes the planting of timber, fruit and ornamental trees.

The 4-Million Trees-in-4 Years initiative is part of the Fijian government's renewed effort to continue the fight against climate change and to protect Fiji's environment and rich biodiversity.

Fiji also intends to plant 500,000 mangroves over the next three years to protect the coastal ecosystems.

Editor:Jiang Yiwei