VANCOUVER, April 19 /CNW/ - Carbon Friendly Solutions Inc. (CNSX: CFQ) ("CFS" or the "Proponent") through its wholly-owned subsidiary, CO2
Reduction Poland Sp z.o.o, is pleased to announce the submission of its
Northern Poland Afforestation Offset Project (the "Project") Project Design Documents (PDD) for validation under the
International Organization for Standardization specification for
quantification, monitoring and reporting of greenhouse gas emission
reductions or removal enhancements (ISO 14064-2). The Project has been
submitted to Conestoga-Rovers & Associates ("CRA") for the validation of the PDD and all Verified Emission
Reductions ("VERs") expected to be generated by the project activity.
The Project areas contain an aggregate 4,823 hectares of privately owned
lands in post-agricultural, degraded conditions. The Proponent has
planned the planting of 24,248,000 trees, primarily consisting of
various native species, on a 3,599 hectare portion of the total land
area. The Project is expected to increase carbon stocks through Biomass
Growth and Soil Organic Carbon by approximately 10,730 tonnes of Carbon
(tC) per year over 40 years, equivalent to a total of approximately
429,000 tC. The expected annual atmospheric Carbon Dioxide (CO2)
removals resulting from the Project activity are 37,500 tonnes CO2
emissions (tCO2e), equalling at total of approximately 1,500,000 tCO2e over the 40 year crediting period of the project.
CFS has developed comprehensive Project Design Documents using IPCC Good Practice Guidance for Land-Use, Land-Use Change and Forestry
(GPG-LULUCF, 2003) Methodology, which defines universally accepted methods for estimating,
measuring, monitoring, and reporting on carbon stock changes and
greenhouse gas emissions. GPG-LULUCF 2003 is compatible with ISO 14064-2 and provides methodologies and guidance
for emissions accounting and "good practices" to ensure transparency,
consistency, and completeness in reporting and documenting all GHG
The Proponent anticipates that the project will meet validation
requirements within 3 months of application. The VERs will be validated
and verified to the ISO 14064-2 specification for quantification,
monitoring and reporting of greenhouse gas emission reductions or
removal enhancements. The Project's anticipated 1,500,000 high-quality
VERs are expected to obtain the average 2009 over-the-counter price of
$6.50 USD per tCO2e (Building Bridges, "State of the Voluntary Carbon
Markets 2010"), equivalent to a total $9,750,000 USD in revenue. The
Proponent selects the conservative market value of $5.00 USD per tCO2,
equivalent to $7,500,000 USD in revenue from the sale of the
aforementioned carbon offsets.
Carbon Friendly's President & CEO, Stan Lis, has commented: "We are pleased to initiate the validation of our high-standard forestry
offset project. We are excited to be working with CRA and look forward
to the next step in the validation and verification process."
About Conestoga-Rovers & Associates
CRA is a family of companies that provides multidisciplinary
engineering, environmental, construction, and information technology
services. Established in 1976, CRA has grown from a staff of 3,000
employees in over 90 offices located in Canada, the United States,
Mexico, Argentina, Brazil, and the United Kingdom. Corporate integrity,
accountability, technical excellence, and a commitment to superior
client service are all part of the philosophy that is the cornerstone
of CRA's success. CRA is accredited as a verification body by the
California Air Resource Board (CARB), UNFCCC Designated Operating
Entity (DOE) for Clean Development Mechanism (CDM) validations and
verifications, and is the final stages of becoming accredited in
accordance with ISO 14065 as a validation/verification body by the
American National Standards Institute (ANSI).
About Carbon Friendly Solutions Inc.
Carbon Friendly Solutions Inc. provides solutions and products for
companies, organizations and individuals looking to reduce or offset
their global warming impact caused by greenhouse gas ("GHG") emissions
including the generation of carbon credits for sale in the global
Voluntary and Compliance markets. Through its subsidiaries: Global CO2
Reduction Inc., CO2 Reduction Poland Sp. z o.o. and its latest
addition, MicroCoal Inc; CFS is focused on removing and offsetting GHG
emissions from the development of reforestation projects and clean
energy technology projects that are independently validated and
verified to globally recognized standards and methodologies. Website
address: www.carbonfriendly.com and www.microcoal.com.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
President and 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.
We seek safe harbor.
SOURCE Carbon Friendly Solutions Inc.
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