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North American Corporations Embrace Forest Carbon Projects

April 20, 2009

NEW YORK, April 20 /PRNewswire/ — EcoSecurities a leading company in the
business of sourcing, developing and trading carbon offsets from greenhouse
gas abatement projects, together with Conservation International, The
Climate, Community & Biodiversity Alliance and ClimateBiz, announce the
findings of their ‘Forest Carbon Offsetting Survey 2009′, one of the first
research studies to focus on corporate attitudes concerning carbon offsets
from forestry projects.

Highlights of the research, which sampled 120 global, multinational and
regional organizations, and 21 carbon companies, included:

– General attitude to forestry projects is far more positive in North
America
and the Rest of the World (74% and 76% respectively) than it is in
Europe (36%);

– Respondents from North America found not only the Voluntary Carbon
Standard (VCS) and the Clean Development Mechanism (CDM) widely acceptable
(74% and 56%) but also California Climate Action Registry (CCAR) and the
Climate Community and Biodiversity (CCB) standard combined with a carbon
accounting standard (56% and 55%);

– North American buyers were more positive towards virtually all project
types than buyers from Europe. This was especially true for agroforestry (92%
vs. 72%) and reduced impact logging (75% vs. 57%) but even more clear for
commercial plantations (52% vs. 29%);

– Respondents from North America showed a strong preference for
purchasing carbon credits from domestic forestry projects (46% rated them as
highly desirable vs only 16% of European buyers);

– North American regional trends show an interest in exploring forestry
as a learning and preparation exercise for upcoming regulation (78% agreed or
strongly agreed), compared with the European sample (where only 34% agreed or
strongly agreed).

Pedro Moura Costa, President of EcoSecurities, commented, “With the US
significantly increasing its focus on climate change and the UN COP15
negotiations taking place at end of 2009 this is an extremely important year
for forestry. It’s tremendously encouraging to see that companies are
starting to recognize the benefits from forestry projects, not only in terms
of the robustness of the carbon offsets, but also in creating sustainable
co-benefits and helping to reduce the problem of climate change and
deforestation.”

“A growing number of offset buyers recognize the significant role
forestry can play in reducing global greenhouse gas emissions while also
delivering community and ecosystem benefits,” said Matthew Wheeland, Managing
Editor of ClimateBiz. “The importance buyers place on carbon standards and
project developer track records, however, shows forestry offsets must meet
strict additionality and permanence criteria to prove they work.”

“Over the past few years forestry activities have really come into their
own in the carbon market, and are now recognized as capable of generating
high-quality, cost-effective emissions reductions along with unique multiple
benefits. Clearly the survey responses reflect this,” said Toby Janson-Smith,
Senior Director of Forest Carbon Markets of Conservation International.
“There is no doubt this has been aided by the growing number of robust forest
carbon projects being implemented around the world, and the development of
rigorous carbon accounting standards like the VCS, and multiple-benefit
standards like the Climate, Community & Biodiversity (CCB) Standards.”

The survey received 141 responses from a mix of global, multinational and
regional companies, covering a diverse range of sectors and industries. It
provides significant insight into companies’ perceptions of forest carbon
offsets and the forestry sector. Support for this research initiative was
provided from a number of organizations which include: 2Degrees, Akin Gump
Strauss Hauer & Feld LLP, Borealis Offsets, Cleantech.org, GreenBiz, The Karo
Group and Westgate.

For a full version of the Forest Carbon Offsetting Survey 2009, please
visit
http://www.ecosecurities.com/Standalone/Forest_Carbon_Offsetting_Trends_Surve
y_2009/default.aspx#19721

(Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser’s URL address field. Remove the
space if one exists.)

Notes to Editors:

About EcoSecurities:

EcoSecurities has spent the last 11 years focusing on climate change
mitigation activities and is now one of the world’s leading organizations in
the business of sourcing, developing and trading emission reductions.
EcoSecurities’ emission reduction portfolio is one of the largest in the
industry covering a wide range of emission reduction standards (Gold
Standard, CDM, VCS etc), technology types and geographical locations.

EcoSecurities Group plc is listed on the London Stock Exchange AIM
(ticker ECO). Additional information is available at
http://www.EcoSecurities.com.

Conservation International

Conservation International (CI) is one of the world’s leading
international conservation NGOs with projects or programs in about forty
countries. CI’s mission focuses on the linkage between the protection of
natural systems and human well-being.CI’s integrated climate change program
includes science, policy, communications, and the development of market-based
approaches, which includes developing incentives for the protection and
restoration of tropical forests to achieve aggressive global greenhouse gas
emissions reductions. CI, with its international partners, is one of the
leading developers and marketers of multiple-benefit forest carbon projects
in the voluntary market, with a growing portfolio of forest restoration and
reduced emissions from deforestation (REDD) projects located in sixteen
countries.

The Climate, Community & Biodiversity Alliance

The Climate, Community & Biodiversity Alliance (CCBA) is a partnership
between leading companies, NGOs and research institutes seeking to promote
integrated solutions to land management around the world. With this goal in
mind, the CCBA has developed voluntary standards to help design and identify
land management projects that simultaneously minimise climate change, support
sustainable development and conserve biodiversity.The CCB Standards are now
widely used by projects and demanded by buyers in the forest carbon market.
As of March, 2009 more than 100 projects around the world are being designed
to meet the standards.

About ClimateBiz:

ClimateBiz is the business resource for climate management. ClimateBiz
informs CFOs, CIOs, supply-chain, operations and other executives on the key
business issues in climate and carbon. The website and its free fortnightly
newsletter ClimateBiz News offer news, best practices and resources in such
areas as carbon measurement, reduction and trading; renewable energy; and
carbon offsets.

ClimateBiz (http://www.climatebiz.com) is a website of Greener World
Media, the leading media and information services company focused exclusively
on the greening of mainstream business.

SOURCE EcoSecurities


Source: newswire



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