Carbon firm highlights risk, appetite of forest credits
September 20th, 2009
| Sourced From Ibtimes.com |SINGAPORE – An Australian firm hoping to broker A$1.6 billion in carbon credit sales from saving tropical forests highlights the promise and peril of a U.N.-backed scheme that rewards projects for curbing deforestation.Carbon Planet, in presentations to investors, says it has contracted 100 million carbon offsets over five years from projects in Papua New Guinea and 60 million over five years from Indonesia at an average of A$10 ($8.5) each offset, or credit.That equa
