ERA Carbon Offsets Joins the CODE REDD Campaign to Save the World's Threatened Forests
March 15 2012 - 9:15AM
Marketwired
Wildlife Works Carbon LLC, founders of CODE REDD, are pleased to
announce that ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) ("ERA")
have signed on as the first REDD (Reducing Emissions from
Deforestation and Degradation) project developer for CODE REDD, an
international campaign to save the world's threatened forests. Mike
Korchinsky, Founder and CEO of Wildlife Works and the CODE REDD
Campaign made the announcement Wednesday at the Globe 2012 Trade
Conference in Vancouver alongside Bart Simmons, COO of ERA.
Mike Korchinsky stated, "It is with great pleasure that we
welcome ERA as the first project development signatory to the CODE
REDD Campaign. It is appropriate that we make the announcement here
in Vancouver at Globe 2012, as ERA is a Vancouver based company
that has been an early leader in large scale forest restoration and
conservation using carbon as a tool to finance their development.
The goal of CODE REDD is to reverse the large scale deforestation
and degradation of the world's threatened forests, and ERA's
experience and leadership will help achieve this goal, beginning
with the Mai Ndombe REDD project in the Democratic Republic of
Congo."
Duncan Manson, CEO of ERA, comments, "CODE REDD is an important
call to action for the private sector, and it's fitting that we
make this announcement with our joint venture colleagues Wildlife
Works, at Globe 2012, where private sector sustainability leaders
come to learn, network and do business. We are excited to be a part
of this revolutionary Campaign, while showcasing the work being
done at Mai Ndombe in the Democratic Republic of Congo. We look
forward to working with the visionaries within the CODE REDD team
and at Wildlife Works."
About CODE REDD
Forests are disappearing at an alarming rate of 13 million
hectares per year, (FAO 2010), and are vital to the global
ecosystem. The CODE REDD campaign was initially funded and launched
by Wildlife Works, but it is an open initiative bringing together
corporate carbon offset buyers, REDD project developers, indigenous
forest owners, forest nation governments, NGOs, verification
organizations, standards bodies, market platforms and other
concerned entities to tackle this critical challenge.
REDD is a forest conservation program originated by the United
Nations (UN) to help stop the destruction of the world's forests,
and is an effective solution that is already working in pioneering
projects around the world. REDD projects within the CODE REDD
Campaign are required to be validated and verified under both the
Verified Carbon Standard (VCS) and the Climate Community and
Biodiversity Standard (CCB) to ensure the project's integrity.
Additional information about the CODE REDD Campaign can be on
their website: www.CODEREDD.com.
About ERA Carbon Offsets Ltd.
A pioneer in carbon offset projects based on forest conservation
and restoration, ERA has delivered over two million tonnes of
carbon offsets to the voluntary market from a variety of
international forestry based projects. The company's Community
Ecosystem Restoration Program ("CERP") began in 2005 in British
Columbia, Canada, and has delivered large scale restoration of
riparian ecosystems throughout the Lower Mainland of British
Columbia. ERA's successful project development activities include
the award winning Darkwoods and Denman Island forest carbon
projects, the first REDD concessions in the Democratic Republic of
Congo in central Africa and Improved Forest Management projects in
the United States which are expected to deliver ARB compliant
tonnes for the California market beginning in 2013. Our activities
span Canada, Africa, the United States and New Zealand. ERA's
carbon offset projects are validated and verified to ISO-14064,
CCBA, PFSI-VER, CAR and VCS standards and sell into voluntary and
pre-compliance carbon markets. ERA's clients and product users
include Air Canada, Catalyst Paper, Rolling Stone Magazine, HSE -
Entega, Forest Carbon Group AG, and Shell Canada Limited.
Additional information about ERA can be found on the corporate
website www.eraecosystems.com.
About Wildlife Works LLC
Wildlife Works is the world's leading REDD project development
and management company with a unique approach to applying
innovative market based solutions to the conservation of
biodiversity. The company established a successful model that uses
the emerging marketplace for REDD carbon offsets as a sustainable
and scalable funding mechanism for biodiverse forest protection and
to help local landowners in the developing world to monetize their
forest and biodiversity assets whether they are indigenous peoples,
governments, communities, ownership groups or private
individuals.
Wildlife Works' flagship "Kasigau Corridor REDD project" was the
first REDD project to achieve validation, verification, and
issuance of REDD carbon credits under both the Verified Carbon
Standard, (VCS), and the Climate, Community, and Biodiversity
Standard (CCB).
Additional information about Wildlife Works can be found on the
corporate website www.wildlifeworks.com.
On behalf of the Board of Directors,
ERA CARBON OFFSETS LTD.
Duncan J. Manson, Chief Executive Officer
Additional information on ERA can be found on the corporate
website www.eracarbonoffsets.com or by contacting
investor@eracarbonoffsets.com.
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 ERA Carbon Offsets Ltd.
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.
Contacts: ERA Carbon Offsets Ltd. David Rokoss
604-973-6512david.rokoss@eraecosystems.com
www.eracarbonoffsets.com