Carbon Friendly Solutions Inc. completes validation of Northern Poland Afforestation Offset Project.
VANCOUVER, Aug. 8, 2011
VANCOUVER, Aug. 8, 2011 /CNW/ - Carbon Friendly Solutions Inc. (CNSX: CFQ) ("CFS" or the "Company") is pleased to announce that on August 3rd, 2011, it successfully completed the validation of its Northern Poland Afforestation Offset Project ("NPAOP").
The Project has been validated to ensure the emission reduction
quantities asserted, equivalent to 1,517,025 high-quality VERs, accurately portray methodologies and criteria specified by the ISO 14064-2, IPCC Good Practice Guidance for Land Use, Land-UseChange and Forestry 2003, and the UNFCCC approved consolidated afforestation and reforestation baseline and
monitoring methodology AR-ACM001: "Afforestation and Reforestation of Degraded Land, Version 4".
The Northern Poland Afforestation Offset Project areas contain an aggregate 4,823 hectares of privately owned lands in postagricultural, degraded conditions. These
areas have been aggregated through extensive stakeholder consultations
held by CO2Reduction Poland("CRP"), a wholly owned subsidiary of CFS. The project activity involves the planting of 24,248,614 trees, consisting of various native species on a 3,599 hectare portion of the total land area. The project activity is expected to
generate approximately 1,517,025.804 tonnes of CO2removals throughout its 40 year crediting period from the increased carbon stocks in natural carbon sinks (biomass growth
and soil carbon retention). GHG removal enhancements by the project are
equal to the sum of removals by aboveground biomass, belowground
biomass and soils. Individual species' growth models were developed by
the team from Warsaw University Life Sciences, Faculty of Forestry, Independent
Division on Dendrometry and ForestProductivity ("SGGW") led by Mr. Michal Zasada, Ph.D., Dean of the Faculty of Forestry. The
National Forest Inspectorate, the SGGW, and the CRP Monitoring Team shall monitor the afforestation to document growth and
survival, mitigate potential carbon reversals, and ensure the
successful establishment of "forests" within the project boundaries.
Conestoga-Rovers & Associates ("CRA") was retained to conduct the validation on February 25th, 2011, with the objective of providing assurance to CFS that the Project Documents have been developed in accordance with the
The Project will be listed on the Markit Environmental Registry. The Markit Environmental Registry is a financial market based registry that allows accountholders to
manage all their environmental credits in one common platform. The
registry is linked with a number of carbon exchanges including the Carbon Trade Exchange ("CTX"). The CTX is a trusted marketplace where businesses can buy emissions commodities
with confidence in the quality and origin of the products being sold.
The Project's 1,517,025 high-quality VERs are expected to obtain the average 2010 over-the-counter price of $6 USD per VER (Back to theFuture, "State of the Voluntary Carbon Markets 2011").
Slawek Smulewicz, Director and CEO of Carbon Friendly Solutions Inc.
states: "The successful completion of our Northern Poland Afforestation Offset
Project marks an important milestone in the company'shistory. We look forward to future contributions by Polish farmers and
landowners towards our objective of reducing CO2emissions from the atmosphere."
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
About Carbon Friendly Solutions Inc. Carbon Friendly Solutions Inc., through its subsidiaries: MicroCoal, CO2 Reduction Polandand CarbioPel, is focused on the development of clean energy technology, renewable
energy and forestry projects. MicroCoal Inc. is a leading clean energy company focused on commercializing the use of
its patented technologies to decontaminate and upgrade low-rank coals
to match the energy levels of high-rank coals, for use by power
utilities. Carbiopel - Eco Stream S.A. is an operating biomass producer in Poland and part of a rapidly growing
renewable energy market in The European Union. CO2 Reduction Poland Sp.z o.o., through cooperative action with several private landowners, is
implementing afforestation projects in Poland to restore forest cover
on disused agricultural land, which will lead to the generation of
carbon credits for sale in the global Voluntary market.
On behalf of the Board of Directors Carbon Friendly Solutions Inc.
CEO and Director
________ Certain statements included in this News Release contain forward-looking
statements, including disclosure concerning possible or assumed future
results of operations of theCompany. Forward-looking statements typically are preceded by, followed
by or include the words - "believes", "expects", "anticipates",
"estimates", "intends", "plans", or similarexpressions. Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties and assumptions, and the
Company's results could differmaterially from those anticipated in these forward-looking statements.We seek safe harbor.