Papua New Guinea's Deforestation Problem
In 2014, Papua New Guinea became the world’s largest exporter of tropical timber. This wasn’t supposed to happen. Eleven years ago, PNG formed the Coalition for Rainforest Nations and presented the idea of REDD to the UN climate meeting in Montreal.
The architect of REDD, Kevin Conrad, completed his MBA in International Finance at Columbia University in 2005. For his final MBA project, Conrad looked at whether the money from carbon credits could be as profitable as logging in Papua New Guinea. He decided that it could.