i give up ...., page-4

any one involved with carbon credits especially in PNG needs to be very careful. The Nupan approach of starting with the traditional owners is suspect. It should be a top down approach that deal with the government first to ensure the nation will assist in the methodology and be active partners. At any point (as the PNG government has indicated) they can pull the agreement out form under the project. This might be before the project reaches credit issue or after. I wonder what would happen when to issued credits under VCS if the PNG government decided to annul any contracts between landowners and developers after credit issue. Not only would it invalidate issued permits, it would flow through to the VCS itself and to the purchaser who may find them out of pocket with nothing to show for it and advertising campaign in tatters. The project developer and landowners and government may be in line for legel action that would take years, cost a lot and push up the cost of production for each ton of carbon.

Why would you invest in a technology company for carbon credits? Why not invest in companies that specialise in carbon credits? I saw the presentation also said that they have engaged world experts for the project , who? last I heard carbon planet was doing the methodology and most of them have left, why?

The presentation also mentioned the main carbon competitors, that was an appalling list with barely any of the main players in the market and certainly none of the boutique firms operating within Australia and internationally. Many of these firms are developing REDD projects all over the world as well as AFOLU projects. They seem to fail to mention that the nascent market is full of risks and pitfalls and can change direction suddenly. The NCOS will not be taking submissions for methodologies until July 2010 if it does at all, the NCOS is no certainty as it is designed to work side by side with the CPRS.

The stories about PNG, CP and Nupan ( kirk Roberts) have tainted the credits they plan to sell, there are plenty of available credits out there that are less controversial. As more and more REDDS come on the market the price will certainly fall, the Australian voluntary market was a mere 44M in 2007. All my voluntary purchasing client want Australian projects, not overseas projects. they want australian so they can avoid the very issues the M2M deal has highlighted. I am sorry but M2M appear to amatures Ina very very complicated field.'

this is my opinion and you should learn about all this yourself before you buy and sell. I work in the industry but do not own stock in any carbon credit company other than my own.