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Crimson Bioenergy Reports Private Placement Financing (Ind. Report)
Crimson Bioenergy
Date: 2013-07-22
Vancouver, B.C.-based Crimson Bioenergy Ltd. is reporting a non-brokered private placement for up to 3,333,333 common shares of the Company at a price of $0.03 per share to raise gross proceeds of up to $100,000. The proceeds will repay $75,000 in current liabilities and the balance will be added to general working capital. This private placement is subject to the approval of the TSX Venture Exchange.

Crimson Bioenergy Ltd.has extensive forest management, forest ecosystem restoration, energy crops and greenhouse gas offsets (carbon credits) expertise and is focused on the development of longer-term wood fibre/carbon credit plantations that meet the terms of "afforestation" under forest carbon offset programs. It also is developing reforestation projects on under-utilized agricultural lands for the expanding biomass energy market that involve short rotation, high density hybrid poplar plantations, called 'energy crops', with 3-to-10 year growth cycles. (Source: MENAFN, 19 July, 2013) Contact: Crimson Bioenergy Ltd., William Carr, CEO, (604) 574-3100, www.crimsonbioenergy.com

Tags Crimson Bioenergy news,  Woody Biomass news,  Reforestation news,  

Chile Leads in South American Reforestation Efforts (Int'l.)
Date: 2013-07-15
In Chile, between reforestation and afforestation, 160 million trees are planted on an average of 100,000 hectares are planted annually. According to the UN Food and Agriculture Organization (FAO), Chile and Uruguay are the only South American countries where woodland has increased.

According to Fernando Raga, the president of the Chilean Wood Corporation (CORMA), these figures show the importance of planting forests for Chile -- a situation that applies to the rest of the world. Among the four billion hectares of forests in the world, only 7 percent are planted forests, but they provide two thirds of the current wood production, alleviating the pressure on native woodland. Raga says that forest plantation in Chile has doubled in nearly 30 years, increasing from 1.1 million hectares in 1984 to 2.4 million hectares in 2012. The size of native woodland has been relatively stable since the National Cadastre of Native Vegetation Resources of Chile (1994-1997) landmark assessment on land resources. At that time native woodland represented 13.4 million hectares, while the last update indicates that it reached 13.6 million hectares in 2011 -- a net gain of 200,000 hectares in 15 years. (Source: WorldCrunch, July 14, 2013)

Tags Aforestation news,  REDD+ news,  Reforestation news,  Deforestation news,  Carbon Credits news,  

CO2 Group, Newmont Create Aussie Carbon Credits (Int'l)
CO2 Australia,Newmont Australia
Date: 2013-06-07
In the Land Down Under, CO2 Group and Newmont Mining Corp. (Australia) have created the first carbon farming Australian Carbon Credit Units (ACCUs). CO2 Group subsidiary, CO2 Australia, issued the ACCUs on behalf of Newmont Australia's Carbon Farming Initiative (CFI) Reforestation project.

The ACCUs were created using a federal government approved methodology developed earlier this year by CO2 Australia that allows carbon project proponents to account for carbon in reforestation and afforestation projects using field-based measurements. (Source: Newmont Australia, Climate Spec., 6 June, 2013) Contact: CO2 Australia, +61 3 9928 5111, info@http://www.co2australia.com.au, http://www.co2australia.com.au; Newmont Mining Corp. (Australia), www.newmont.com

Tags Carbon Credits news,  CO2 Group news,  

Forestry's Potential for Climate Change Mitigation (Ind. Report)
UK Forestry Commission
Date: 2013-05-20
Historically, forests in pre-agricultural times are thought to have covered around 5700 million ha globally, and to have stored around 1,200 million tonnes of carbon (GtC) in total, including 500 GtC in living biomass and 700 GtC in soil organic matter.

Forests currently cover about 4000 million ha and, excluding woodlands under 0.5 ha, or primarily within agricultural or urban land uses, are estimated to store around 650 GtC, including around 290 GtC both in forest biomass and in soils, and 70 GtC in deadwood and litter. While comparisons are sensitive to definitional issues such as the depth of soil carbon covered, the latter estimates imply that the amount currently stored is of a similar order of magnitude to the total amount of carbon now in the earth's atmosphere -- currently around 800 GtC.

Forestry has a potentially very significant contribution to make globally and might contribute two-thirds of the total climate change mitigation potential of land management activities. There are two principal ways in which it can contribute: deforestation and afforestation/reforestation.

Deforestation is a major source of GHG emissions. This is the reason, for instance, that forestry was the third largest source of global emissions in 2004, accounting for around 17 percent of the total in that year. It's also the reason that it has contributed an estimated 45 percent of the total increase in atmospheric CO2 since 1850. In the absence of mitigation efforts, deforestation could result in an increase of 30 ppm in atmospheric CO2 by 2100, making stabilization of atmospheric GHG concentrations at a level that avoids the worst effects of climate change highly unlikely. Reducing emissions from deforestation and forest degradation (REDD) is therefore a very important climate change mitigation activity if the international community's current climate stabilization aspirations are to be met, especially in countries where the level of annual deforestation is high.

Afforestation and reforestation activities can make significant contributions to sequestering atmospheric carbon, as well as providing a renewable source of energy and materials to substitute for use of fossil fuels and more fossil-carbon-intensive materials. By itself, carbon sequestration by forests is best viewed as a component of mitigation strategies -- however, it is far from sufficient to sequester total emissions from burning fossil fuels.

Under business-as-usual scenarios global emissions from burning fossil fuels may be of the order of 1800 GtC to 2100 GtC over the twenty-first century, exceeding the maximum potential human-induced forest carbon sink by a factor of 5-10. (Source: UK Forestry Commission, 20 May, 2013) Contact: UK Forestry Commission, http://www.forestry.gov.uk

Tags REDD news,  Deforestation news,  Reforestation news,  Climate Change Mitigation news,  

Forest Carbon Credit Project Rules need Simplication, says ICFRE (Int'l, Ind. Report)
Indian Council of Forestry Research and Education
Date: 2013-01-30
The carbon credit rules for forestry projects should be made simpler, according to the Director General of the Indian Council of Forestry Research and Education (ICFRE) which is accredited by the UNFCCC Clean Development Mechanism (CDM) for Afforestation and Reforestation CDM project validation, verification and certification. According to ICFRE, the modalities and procedures for forestry carbon credit projects should be simpler so that the objectives of climate change mitigation could be achieved easily and forest dependent communities benefit from the forestry carbon projects. The ICFRE also expressed concern at the slow process of development of CDM forestry projects in India and at global level. (Source: Indian Council of Forestry Research and Education, The Pioneer, Jan. 29, 2013) Contact: Indian Council of Forestry Research and Education, www.icfre.org

Tags Forest Carbon Credits news,  Carbon Credit news,  Afforestation news,  Reforestation news,  Climate Change Mitigation news,  

BluForest Inc. Receives Approval For Electronic Trading And Its Shares Are Now Full Service DTC Eligible
Date: 2012-11-26
BluForest Inc., an emerging publicly traded carbon offsets marketing and renewable energy company, has received approval from the Depository Trust & Clearing Corporation for electronic trading of its common shares, that is, the Company's common shares are now full service DTC eligible.

BluForest Inc. will sell offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The company has offices in Quito, Ecuador and Calgary, Alberta, Canada. (Source: BluForest, PR, 26 Nov., 2012) Contact: BluForest, (855) 509-5508, info@bluforest.com, www.bluforest.com

Tags REDD news,  Carbon Credit Trading news,  Deforestation news,  Afforestation news,  

China Increases Forest Carbon Sinks to cut GHG Emissions (Int'l)
Date: 2012-11-26
According to the just released China's Policies and Actions for Addressing Climate Change report, China is increasing the country's forest and grassland coverage and enhancing protection over these areas in order to increase carbon sinks and reduce greenhouse gas emissions.

In 2011, China completed afforestation across nearly six million hectares and upgraded 788,800 hectares of forest that had been haunted by low yield capacity and low protection efficiency. More than 2.51 billion trees were planted in volunteer tree-planting drives in 2011, and China's urban green areas reached 2.24 million hectares, according to the report released by China's National Development and Reform Commission (NDRC).

The State Forestry Administration has formulated a five-point action plan for forestry departments to mitigate climate change in the years until 2015. The action plan includes accelerating afforestation, improving forest management, strengthening forest resources administration, enhancing forest disaster prevention and control and fostering emerging forestry industries.

China has also made efforts to increase its grassland carbon sinks, the report said. In 2011, the State Council disbursed 13.6 billion yuan ($2.16 billion) to develop a subsidy and award mechanism for grassland conservation in nine provincial areas. Approximately 10.57 million farm households benefited from the subsidy and award policy in 2011. The policy was extended to cover herding areas in 2012 as part of the project to return grazing land to more than 4.4 million hectares of grassland.

To strengthen agricultural carbon sinks, the central government committed 30 million yuan to promote conservation farming technology. It has also invested a total of 300 million yuan in conservation farming projects. The carbon storage capacity of farmland soil can be increased by 20 percent by the application of conservation farming technology, which would help cut farmland CO2and other GHG emissions by 0.61-1.27 tonnes per hectare annually. This, if applied nationally, would amount to an annual reduction of more than 3 million tons of CO2, the report said. (Source: shanghaidaily.com, 21 Nov., 2012)

Tags Carbon Sinks news,  Reforestation news,  Afforstation news,  Greenhouse Gas Emissions news,  

Nigerian Gov., Zamfara State Partnering on Jatropha Production (Int'l)
Date: 2012-04-30
The Nigerian Federal Government reports that it is interested in partnering with the Zamfara State Government and a leading oil company on the cultivation of Jatropha on 10,000 hectares of land. An advisor to the Zamfara Governor on Afforestation said the programme was designed to create job opportunities for hundreds of youths and other jobless Nigerians.

The state government has already acquired land for the project and a Memorandum of Understanding (MoU) detailing the state's involvement and investment is expected to be signed shortly. (Source: Business Day, 26 April, 2012)

Tags Jatropha news,  

Crimson Bioenergy Announces Delivery of 129,545 tonnes of VERs to ERA Carbon Offsets (Ind. Report)
Crimson Bioenergy,ERA Carbon Offset
Date: 2012-01-30
Canadian forest products company Crimson Bioenergy Ltd. (TSXV: CSN) through its wholly owned subsidiary CSQ Environmental Technologies Ltd., reports the sale and delivery of 129,545 Verified Emission Reductions (VERs) to ERA Carbon Offsets Ltd. (TSX-V: ESR). The VERs resulted from the successful completion of Crimson's first afforestation project near Fort St. John, BC. The project was independently validated and verified as ISO 14064-2 compliant.

CSQ and ERA have amended the amount of VERs to be delivered under their agreement to the 129,545 VERs being transferred, with CSQ retaining full rights to the additional VER's that will be resulting from the project.

William W. Carr, President and CEO of Crimson stated, "We are excited to complete the validation on the Flatrock project and the transfer of VERs to ERA. We view the Flatrock project as a critical step to bringing this under-utilized land back to working forest. The Flatrock lands are a great initial acquisition for the Company." Duncan Manson, CEO of ERA states, "We are pleased to see this important pilot carbon project achieve this milestone and deliver its first tonnes [or 'VERs.'] We'd like to congratulate Crimson for their diligent work in envisioning the project and bringing it to life. The Flatrock project demonstrates the efficacy of using carbon finance as a mechanism to help address the forest restoration needs of British Columbia." (Source: Crimson Bioenergy, January 2012) Crimson Bioenergy Ltd., William Carr, CEO, (604) 574-3100; ERA Carbon Offsets, Duncan Manson CEO, (604) 973-6500

Tags VERs news,  Afforestation news,  Crimson Bioenergy news,  ERA Carbon Offsets news,  

Crimson Bioenergy Delivers 129,545 tonnes of VERs from B.C. Afforestation Project (Ind. Report)
Crimson Bioenergy,ERA Carbon Offsets
Date: 2012-01-30
Surrey, B.C.-based Crimson Bioenergy Ltd. (TSXV: CSN), through its wholly owned subsidiary CSQ Environmental Technologies Ltd., reports the sale and delivery of 129,545 Verified Emission Reductions (VERs) to ERA Carbon Offsets Ltd. (TSX‐V: ESR). The VERs, defined as one tonne of CO2 equivalent emissions reductions, resulted from the successful completion of Crimson's first afforestation project which was independently validated and verified as ISO 14064-2 compliant. The project is located near Fort St. John, BC and involved the afforestation of over 200 hectares of under-utilized land with a combination of white spruce and hybrid poplar. CSQ and ERA have amended the amount of VERs to be delivered under their agreement to the 129,545 VERs being transferred, with CSQ retaining full rights to the additional VER's that will be resulting from the project. In addition to the business reasons for the project, this undertaking will also enhance watershed protection in the area and provide increased habitat for native species of birds and animals.

(Source: Crimson Bioenergy, January 2012) Contact: Crimson Bioenergy Ltd., Peter Fentiman, Investor Relations, (604) 210-0899, www.crimsonbioenergy.com; ERA Carbon Offsets, Duncan Manson, CEO, OR John Block, Director of Operations, (604) 973- 6500 x 110, www.eracarbonoffsets.com

Tags VERs news,  ERA Carbon Offsets news,  Afforestation news,  

American Carbon Registry Approves Carbon Offset Methodology for Deltaic Wetland Restoration (Ind. Report)
American Carbon Registry
Date: 2012-01-20
American Carbon Registry (ACR), a nonprofit enterprise of Winrock International, announces an open public comment period for a first-of-its-kind carbon offset methodology that will both quantify how wetland restoration work can combat climate change and provide a way to help pay for rebuilding the Gulf of Mexico's disappearing coastal wetland. The methodology, Restoration of Degraded Deltaic Wetlands of the Mississippi Delta, was funded by Entergy Corporation and developed by Dr. Sarah K. Mack of New Orleans-based Tierra Resources LLC, with contributions from Dr. Robert R. Lane, Dr. John W. Day and Tiffany M. Potter. The new wetland offset methodology is unique not only because it is the first carbon offset methodology to target deltaic wetland restoration, but also because it uses a modular format, which provides flexibility for numerous types of wetland restoration techniques and facilitates methodology expansion. Another key innovation of the methodology is the incorporation of hydrologic management of nutrient-rich waters as a restoration technique, including options for diversion of river water into wetland, introduction of non-point source runoff into wetlands and discharge of treated municipal effluent into wetlands. Avoided loss and afforestation are also included wetland restoration techniques.

The primary hurdle to implement Mississippi Delta restoration is the price tag, estimated between $10 billion for near-term restoration to $150 billion for broader restoration and protection measures. Louisiana's Comprehensive Master Plan for a Sustainable Coast recently estimated that between $20 billion and $50 billion will realistically be available for funding over the next 50 years, but acknowledged a budget up to five times that size could be needed. Under the new methodology, carbon credits created by restoring wetlands can be registered and sold to help finance additional wetland restoration. (Source: American Carbon Registry) Contact: American Carbon Registry, Mary Grady, Director of Membership and Registry Services, (703) 525-9430, ext. 820, mgrady@americancarbonregistry.org, www.americancarbonregistry.org

Tags American Carbon Registry news,  

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