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Papua New Guinea (PNG) and its coalition of 53 forest nations supporting the initiative to Reduce Emissions from Deforestation and Forest Degradation (REDD) are pushing for the inclusion of a REDD mechanism in the post 2012 global climate regime.
The new rules to come into force by 2013 will determine if avoided deforestation is to be included. If included, the post Kyoto climate change agreement to be finalised in Copenhagen in December 2009 will decide the terms on which forest credits will be accepted.
A briefing paper prepared by PNGs Office of Climate Change and Carbon Trading (OCCCT) and obtained by the Pacific Communications Team covering COP14 in Poznan, said if countries agree not to cut down their natural forests, carbon can be traded at the global price of
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