VANCOUVER, April 19 /PRNewswire/ - 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 assertions.
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.
"Stan Lis"
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.