The Fijian government has unveiled an interim strategy designed to expedite the transfer and trading of emission reduction units as part of its Carbon Trade Agreement. Minister for Fisheries and Forestry, Alitia Bainivalu, highlighted the critical importance of this initiative, particularly in light of the pending enforcement of Part 10 of the Climate Change Act of 2021, which provides the necessary legal framework for such operations.
In a recent parliamentary address, Bainivalu revealed that under the 2021 Emission Reduction Program Agreement with the Forest Carbon Partnership Facility, Fiji is obligated to deliver 2.5 million emission reduction units. This agreement is projected to generate $28.4 million for the government. So far, the first assessment indicates that 922,828 units are ready for transfer, which could potentially bring in $10.48 million.
To bridge the current legal gaps, the government has devised an alternative approach that leverages existing laws. By utilizing land lease agreements and deeds of assignment, the plan aims to safeguard landowners’ rights while enabling the government to engage in unit trading with the carbon fund. Bainivalu assured that Fiji’s sovereignty would remain intact throughout these processes.
For lands under lease, the government intends to include clauses in lease variations that facilitate participation in the emission reduction program and the transfer of units. New leases will be provided for unleased lands under similar conditions. To maintain transparency, all agreements will be recorded with the Office of the Register of Titles, thereby ensuring security for landowners.
Bainivalu emphasized that the process will adhere strictly to community consultation and customary protocols, involving landowners at every step. The interim strategy is anticipated to enable Fiji’s first transfer and trading of units by the end of the year. Additionally, the carbon fund may extend the agreement if Fiji shows a consolidated effort in transferring units, guaranteeing equitable carbon payments to landowners alongside mandatory land rentals.
This initiative dovetails with Fiji’s overarching objectives for sustainable development and climate action, while also underscoring the significance of community engagement and local empowerment in environmental governance. Recent efforts reflect Fiji’s dedication to incorporating local communities into climate initiatives, presenting potential economic advantages while tackling pressing environmental issues. Through this proactive stance, Fiji aims to position itself as a leader in climate action, offering hope for improved livelihoods through sustainable practices.