PNG is endowed with rich natural resources and culture and is known as one of the cultural and mega biodiversity hotspots globally. Located on the eastern part of the island of New Guinea, PNG contains roughly 1 percent of the global landmass, with four major islands and over 600 islands and atolls. PNG also has one of the diverse reef system in the world and has a total of 3.12 square kilometers of economic exclusive zone (EEZ) of marine territory. Over 840 spoken languages exist and spoken by over 1000 different tribes.
This is an economic evaluation of the compensation to which Papua New Guinea’s customary landholders -
wrongly dispossessed through Special Agricultural Business Leases (SABL) - might be entitled if they successfully sued the government. The evaluation involves the calculation of commercial loss but also, and probably more importantly, economic equivalent value loss. The framework identifies the relevant heads of value (not just priced transactions) and demonstrates appropriate methods for valuation. It does not pretend to be a price calculator but rather a tool for advocacy.
Papua New Guinea is committed to Sustainable Development through its StaRS Strategy and Vision 2050. PNG has also signed up to Rio Conventions and supplement agreements and protocols which needs monitoring and evaluation. Sustainable Development Goals are very important as it simplifies the Sustainable Development approaches.
Biodiversity Conservation of terrestrial and amrine ecosystems
The Protected Area Forum's (PAF) outcome is that the forum will enable protected area practitioners, researchers, academics, private sector, potential donors and local communities who manage or support protected areas in PNG, to share their experiences, insights and any lessons learnt in relation to factors impacting protected areas. It will identify and formulate national priorities for effective protected area management in the country. The results of the forum will contribute to the implementation of the Protected Area Policy.
The World Database on Protected Areas (WDPA) is the most comprehensive global database of marine and terrestrial protected areas, updated on a monthly basis, and is one of the key global biodiversity data sets being widely used by scientists, businesses, governments, International secretariats and others to inform planning, policy decisions and management.
From 2001 to 2017, Papua New Guinea lost 1.28Mha of tree cover, equivalent to a 3.0% decrease since 2000, and 158Mt of CO₂ of emissions.