VANCOUVER, Feb. 15 /CNW/ - Carbon Friendly Solutions Inc. (CNSX: CFQ) ("CFS" or the "Company") is pleased to announce that its wholly-owned
subsidiary, CO2 Reduction Poland Sp z.o.o, has expanded its
Warmian-Masurian Poland Afforestation Offset Project (the "Project")
area and is preparing the application for validation of all Verified
Emission Reductions ("VERs") to be sold in the Voluntary Market.
The initial project area, consisting of 932.51 hectares of private lands
in Northern Poland, has been expanded to approximately 4000 hectares,
of which 2500 hectares are ready for verification. The land was
aggregated and afforested over a 5-year project period, through
cooperative action between CO2 Reduction Poland Sp. z o.o. and several
private land owners. CFS is currently completing the Project Design
Document ("PDD") using Good Practice Guidance for Land Use, Land-Use Change and Forestry (GPG-LULUCF, 2003) Guidelines, which define universally accepted methods for estimating,
measuring, monitoring and reporting on carbon stock changes and
greenhouse gas emissions. The VERs will be validated and verified to
the International Standard Organization's ISO 14064-2 Specification for
quantification, monitoring and reporting of greenhouse gas emission
reductions or removal enhancements (ISO 14064-2), and if applicable, to
the Community, Climate and Biodiversity Alliance's CCBA standard.
The Company anticipates the Project will comply to validation
requirements within 6 months of application. The Project is anticipated
to generate nearly 1,243,000 high-quality validated VERs, which will
have a conservative market value of US$ 5 per VER, equaling US$
6,215,000 in revenue.
Carbon Friendly's President & CEO, Stan Lis, has commented: "We are pleased with the progress in the expansion of our high-standard
forestry offset project. We are currently in the process of selecting a
third-party auditor and are excited to submit our Project Design
Document for validation by the end of this month."
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
SOURCE Carbon Friendly Solutions Inc.
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