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Old 24-02-2004, 03:14 PM
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Japanese oil company in ENB organic farming

JAPAN's third biggest oil company, Cosmo Oil Limited, the University of Papua New Guinea and OISCA Eco-Tech Training Center (Rabaul based NGO) made a commitment last week to research and develop an organic farming methodology in PNG.

The methodology once developed could potentially be exported and applied in other developing countries.
This is a new twist in the pursuit to achieve PNG version of carbon trade through the Clean Development Mechanism.

The three organizations signed a Memorandum of Understanding to embark on research and training aimed at providing local communities with organic farming technology.

PIC CAPTION: Proffessor Eascott (r) and Mr Morikawa shakes hands on the deal
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Old 24-02-2004, 03:19 PM
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The agreement would facilitate both research and training for students and staff. Villagers from Pomio, Uvol and Rabaul districts in the East New Britain province (the project site) would also be taught organic farming methods.

Organic farming methods will enable local villagers to use only a designated land area for farming purposes and leave forest areas free.
Dean of the Center for Research and Postgraduate Studies, Professor Simon Saulei said that the introduction of organic farming techniques in these areas would result in conservation of vast forest areas to effect carbon trade through CDM in PNG.

This idea that has been agreed to in what is known as the Kyoto Protocol in 1998 as a step to mitigating climate change by reducing carbon dioxide (CO2) emissions.

Carbon trade is a mechanism through which communities can earn revenue by conserving their forest resources and its biodiversity.
In this exercise, resource owners select and declare large forest areas as Forest Management Area (FMA) for a period of 40 years.
Scientists then input information on how much CO2 the declared FMA can absorb over a period of time (by measuring carbon absorption rates of species of trees) and then set the trading rate at which developed country partners would pay.

Prof. Saulei said that the agreement would foster a major collaborative research effort among the parties to develop a method to quantitatively measure the carbon sequestration effort of the organic farming project that will be promoted under the MOU.

During the signing of Mou at the UPNG campus..Prof Eascott browse through the agreement form...
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Old 24-02-2004, 03:24 PM
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Prof. Saulei said that the agreement would foster a major collaborative research effort among the three parties (Cosmo, UPNG and OISCA). They will develop sustainable farming methods so that forests conserved can offset vast carbon emissions of industrialised nations. This will be achieved through the organic farming project to be promoted under the MOU.

Signatories to the agreement were Cosmo Oil Company managing director, Keizo Morikawa, Professor Les Eastcott (UPNG) and OISCA director, Michikatsu Ehara.
Cosmo Oil Ltd signed a similar agreement with the PNG government in April 2003.

Prof. Saulei said that the methodology when developed and established would be submitted to the CDM executive board of the United Nations Framework Convention on Climate Change (UNFCCC) for approval.
When approved, the PNG-developed organic farm methodology would be applied in other developing countries in which sustainable organic farming will be implemented.

He said that the development of organic farm methodology would improve the living standards of people in rural areas of PNG. They will conserve and protect their rich and diverse environment for long-term sustainable benefit. The project in ENB will be coordinated and funded by Cosmo Oil Ltd. UPNG will conduct survey and research at the project site to develop the organic farm methodology while OISCA will develop the manpower to collect data and provide administrative support.

Prof. Saulei expressed confidence that the MOU will further enhance UPNG's efforts in developing CDM project baselines and the eventual CDM investment in the country.
This will be of immense benefit to PNG through investment, conservation and sustainable use of the environment, and socio-economic development. Organic farming is a successful method practiced in some Prefectures in Japan.
Organic farms sustain Japanís food requirements.

ENDS

The deal's done....As a satisfied Prof Eascott finally signs the agreement
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