Date: 01 April 2024

Sepik Wetlands and Peatlands Limited is proud to announce the attainment of $5 million in seed funding from the PNG government, facilitated through the Climate Change and Development Authority (CCDA). This funding injection serves as a testament to the government’s recognition of the company’s pivotal role in advancing environmental preservation efforts and fostering community prosperity in the Sepik region.

The secured funding will play a crucial role in bolstering Sepik Wetlands and Peatlands Limited’s ongoing initiatives aimed at preserving the invaluable ecosystems of the Sepik region. As stewards of these vital wetlands and peatlands, the company is dedicated to employing sustainable practices and empowering local communities to thrive in harmony with their natural surroundings.

With this funding, Sepik Wetlands and Peatlands Limited aims to expand its conservation efforts, strengthen scientific research capabilities, and implement community development projects geared towards enhancing livelihoods and promoting sustainable practices among local residents. Moreover, the funding will enable the company to amplify its carbon credit development initiatives, contributing significantly to global climate change mitigation efforts.

Morgan Andi, CEO of Sepik Wetlands and Peatlands Limited, expressed gratitude for the government’s support and emphasized the company’s unwavering commitment to leveraging the funding effectively for the betterment of the environment and the local populace. This milestone underscores Sepik Wetlands and Peatlands Limited’s dedication to becoming a leading advocate for environmental stewardship and sustainable development in PNG.