Chemonics International Awards Consortium of ecoPartners, Offsetters and ClearSky Solutions Contract for Colombia REDD Projec...
December 04 2013 - 7:30AM
Marketwired Canada
Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX
VENTURE:COO)(FRANKFURT:9EA) is pleased to announce that international
development company, Chemonics International LLC ("Chemonics"), has awarded the
consortium of Ecological Carbon Offset Partners LLC ("ecoPartners"), ClearSky
Climate Solutions LLC ("ClearSky") and Offsetters, the contract to develop
project documentation for their ongoing BioREDD+ program in Colombia, South
America.
Under the terms of the contract, the team of ecoPartners, ClearSky and
Offsetters will be responsible for developing and writing complete Project
Design Documentation for four unique REDD+ projects being undertaken by
Chemonics and its partners in Colombia. REDD - Reducing Emissions from
Deforestation and Degradation, is a carbon market mechanism that incentivizes
land owners to leave forests standing, thereby increasing carbon stocks over
time. Under Chemonics BioREDD+ program, the four projects will be developed
using both the Verified Carbon Standard ("VCS") to recognize the carbon
benefits, and the Climate, Community and Biodiversity Alliance ("CCBA")
Standard, which will recognize the social, environmental and biodiversity
impacts in the project areas.
Funded by USAID, the BioREDD+ program in Colombia has run from 2011 and will run
through 2014. Lead by Chemonics International, OPTIM and Fundacion Natura, USD
$27.8 million dollars will be invested through multiple activities supporting
biodiversity, climate change mitigation (REDD) activities, and climate change
adaptation activities in the Choco and Caribbean regions. The major goals of
this program are the establishment of at least eight financed REDD+ projects in
the pacific region covering one million hectares, as well as a carbon baseline
for the pacific and amazon regions in support of Colombia's regional REDD+
program.
"Our REDD technical team is excited to work alongside the exceptional people at
ecoPartners and ClearSky Climate Solutions, both recognized leaders in technical
carbon development work within the REDD sector," commented Dr. James Tansey, CEO
of Offsetters. "Chemonics International is a world class development
organization that delivers very high quality, innovative, and effective
development solutions to their clients, and we are honoured to be part of the
team that helps them deliver high quality technical solutions for their BIOREDD+
program in Colombia."
James Tansey, Ph.D., President and CEO
Offsetters Climate Solutions Inc.
About Chemonics International Inc.
Founded in 1975, Chemonics is an employee-owned international development
company dedicated to helping people live healthier, more productive and more
independent lives. Chemonics has worked in more than 150 countries, helping
clients, partners and beneficiaries implement innovative projects that achieve
development impact. www.chemonics.com
About Ecological Carbon Offset Partners LLC
Based in Berkeley California, ecoPartners is a leading technical consulting and
project development group focused on land use activities, both in North America
and Internationally. ecoPartners' experience includes VCS methodology
development, REDD and Improved Forest Management Project Design Document
creation, project feasibility assessments and verification support services.
www.ecopartnersllc.com
About ClearSky Climate Solutions LLC
ClearSky Climate Solutions, based in Missoula Montana, is focused on the design
and development of market-based forest carbon projects. With a deep background
in REDD, ClearSky provides project design and development services, strategic
consulting and community engagement services to ensure social and environmental
safeguards are fully integrated into project development activities.
www.clearskyclimatesolutions.com
About Offsetters Climate Solutions Inc.
Offsetters is Canada's largest and most diversified carbon management solutions
company. Its team of industry leaders specializes in the origination,
development and commercialization of high-quality carbon offset projects, and
through a comprehensive offering of sustainability consultancy services
Offsetters helps organizations understand, reduce and offset their climate
impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters is based in
Vancouver, Canada and has worked with over 150 of the world's most prestigious
organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper,
Harbour Air, HSE - Entega, and Shell Canada Limited. Offsetters is publicly
listed company on the Toronto Venture Exchange (TSX VENTURE:COO) and in
(FRANKFURT:9EA). For more information, please visit us at www.offsetters.ca.
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as
well as historical information. Forward-looking statements include, but are not
limited to, the continued advancement of the company's general business
development, research development and the company's development of forest-based
carbon offsets. When used in this document, the words "anticipate", "believe",
"estimate", "expect", "intent", "may", "project", "plan", "should" and similar
expressions may identify forward-looking statements. Although Offsetters Climate
Solutions Inc. believes that their expectations reflected in these forward
looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be
consistent with these forward-looking statements. Important factors that could
cause actual results to differ from these forward-looking statements include
fluctuations in the marketplace for the sale of carbon credits, the inability to
implement corporate strategies, the ability to obtain financing and other risks
disclosed in our filings made with Canadian Securities Regulators.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951
david.rokoss@offsetters.ca
www.offsetters.ca
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