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18.09.2009
Carbon Friendly Announces First Phase of its Poland Afforestation Offset Project
Carbon Friendly Announces First Phase of its Poland Afforestation Offset Project
Vancouver, BC, Canada – Thursday, September 17, 2009 – Carbon Friendly Solutions Inc. (TSX Venture Exchange: CFQ) (“CFS“ or the “Company”) (http://www.carbonfriendly.com) is pleased to announce its wholly-owned subsidiary CO2 Reduction Poland Sp Z.o.o has aggregated a total of 932.51 hectares of private lands in Northern Poland, of which 4,084,972 trees were planted on 671.12 hectares to initiate the first phase of its Warmian-Masurian, Poland Afforestation Offset Project (the “Project”).
CFS is completing the Project Design Document (PDD) using the Voluntary Carbon Standard (VCS) for validation by its third-party auditors, Rainforest Alliance / Nepcon Inc., who are authorized to conduct audits using the VCS. Rainforest Alliance, an organization accredited to conduct audits, validations and verifications based on the VCS, will be completing its on-site audit of the Project in late 2009, following a preliminary validation assessment of the Project.
CFS expects the Project to earn VCS validation by the end of 2009 and anticipates that approximately 500,000 tonnes of high-quality carbon credits, validated to VCS methodologies, will be generated from the Project to be sold in the Voluntary Market. The Project is located in the province of Warmian-Masurian, Northern Poland. The Project land was aggregated and afforested in cooperation with CO2 Reduction Poland Sp. Z.o.o and eight different private land owners for a 30 year project period.
About VCS
The Voluntary Carbon Standard (VCS) is a leading certification standard for offset credits in the voluntary and emerging compliance markets. The VCS was initiated by The Climate Group, the International Emissions Trading Association, the World Economic Forum and the World Business Council for Sustainable Development. VCS is based upon the requirements of the Clean Development Mechanism and the ISO 14064-2 standard for project-level greenhouse gas emission activities http://www.v-c-s.org/.
About Carbon Friendly Solutions Inc.
Carbon Friendly Solutions Inc. (CFS) is a project proponent that provides solutions for companies, organizations and individuals looking to reduce or offset their global warming impact caused by greenhouse gas emissions while including the generation of carbon credits for sale in the global Voluntary and Compliance markets. Through its wholly owned subsidiaries, Global CO2 Reduction Inc. and CO2 Reduction Poland Sp. z.o.o., CFS is focusing on removing and offsetting carbon dioxide emissions from the completion of reforestation, biomass energy and renewable energy technology projects that are independently validated and verified to globally recognized standards and methodologies.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
Michael Young
CEO, Director
Certain statements included in this News Release contain forward-looking statements, including disclosure concerning possible or assumed future results of operations of the Company. Forward-looking statements typically are preceded by, followed by or include the words – “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, and the Company’s results could differ materially from those anticipated in these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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Vancouver, BC, Canada – Thursday, September 17, 2009 – Carbon Friendly Solutions Inc. (TSX Venture Exchange: CFQ) (“CFS“ or the “Company”) (http://www.carbonfriendly.com) is pleased to announce its wholly-owned subsidiary CO2 Reduction Poland Sp Z.o.o has aggregated a total of 932.51 hectares of private lands in Northern Poland, of which 4,084,972 trees were planted on 671.12 hectares to initiate the first phase of its Warmian-Masurian, Poland Afforestation Offset Project (the “Project”).
CFS is completing the Project Design Document (PDD) using the Voluntary Carbon Standard (VCS) for validation by its third-party auditors, Rainforest Alliance / Nepcon Inc., who are authorized to conduct audits using the VCS. Rainforest Alliance, an organization accredited to conduct audits, validations and verifications based on the VCS, will be completing its on-site audit of the Project in late 2009, following a preliminary validation assessment of the Project.
CFS expects the Project to earn VCS validation by the end of 2009 and anticipates that approximately 500,000 tonnes of high-quality carbon credits, validated to VCS methodologies, will be generated from the Project to be sold in the Voluntary Market. The Project is located in the province of Warmian-Masurian, Northern Poland. The Project land was aggregated and afforested in cooperation with CO2 Reduction Poland Sp. Z.o.o and eight different private land owners for a 30 year project period.
About VCS
The Voluntary Carbon Standard (VCS) is a leading certification standard for offset credits in the voluntary and emerging compliance markets. The VCS was initiated by The Climate Group, the International Emissions Trading Association, the World Economic Forum and the World Business Council for Sustainable Development. VCS is based upon the requirements of the Clean Development Mechanism and the ISO 14064-2 standard for project-level greenhouse gas emission activities http://www.v-c-s.org/.
About Carbon Friendly Solutions Inc.
Carbon Friendly Solutions Inc. (CFS) is a project proponent that provides solutions for companies, organizations and individuals looking to reduce or offset their global warming impact caused by greenhouse gas emissions while including the generation of carbon credits for sale in the global Voluntary and Compliance markets. Through its wholly owned subsidiaries, Global CO2 Reduction Inc. and CO2 Reduction Poland Sp. z.o.o., CFS is focusing on removing and offsetting carbon dioxide emissions from the completion of reforestation, biomass energy and renewable energy technology projects that are independently validated and verified to globally recognized standards and methodologies.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
Michael Young
CEO, Director
Certain statements included in this News Release contain forward-looking statements, including disclosure concerning possible or assumed future results of operations of the Company. Forward-looking statements typically are preceded by, followed by or include the words – “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, and the Company’s results could differ materially from those anticipated in these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA1411101068
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.