Carbon Credited Farming Introduces Global Conservation Standards to Generate Incentives
Newswire Services
January 31, 2010
London -- Carbon Credited Farming PLC (CCF) announced today the implementation of a new conservation-based Standard in conjunction with biocarbon consult of Germany.
CCF and biocarbon consult have developed a programme designed to monitor, protect and enhance conservation areas and, in particular, forestry-based reserves through a valuation methodology consisting of existing carbon pools. This methodology is designed to form the framework for the auditing, monitoring and monetisation of conservation assets, laying the foundations from which many further carbon credits can be sourced through good governance and practice. These credits include Carbon Offset Credits, Nutrient Credits, Water Credits, Phosphate, Nitrate and Sulphur Credits, in addition to Ecosystem and Wildlife credits.
The methodology and objective behind the Conservation Credits through the 'Global Conservation Standard' (GCS) was originally designed to value and monetise rainforests to reduce deforestation while compensating indigenous communities through, not only commercial returns, but also technology and farming expertise.
However, with CCF's operations in the USA and Asia, it became clear that a more encompassing standard had been created for all conservation areas with carbon reserves of various degrees. Wetlands areas such as the Everglades, peat areas, and critical forestry locations, such as Amazonas, all fall within the Green Conservation Standard remit.
"In order to obtain a return on ethical investment, the GCS standard generates Conservation Credits, which formalize a relationship for several other credit types to be created, through externally accepted methodology, into the voluntary and certified markets," explained Gregg Fryett, CEO of CCF. "Corporations are able to fulfill their environmental and CSR 'obligations' while having access to a potential revenue from generated credits. A large volume of credits produced from implementation of the conservation credit schemes are already being traded through exchanges or principal to principal. This standard is well poised to help many conservation areas, including the rainforests, but also to be built into a commercially attractive, scaled investment for corporate and financial markets. Indeed we are, through our Fund Management Company, already looking at this for fund placement," continued Mr. Fryett.
Creating value and incentive in the rainforest conservation is critical for stopping deforestation. By introducing this standard, CCF believes that it, with the support of corporations and investors, in addition to the general public, can certainly reduce deforestation and, indeed, reverse it within an acceptably short period. The programme also generates considerable CSR benefits for the credit buyers, increasing the value of their commitment to improving the world's environment.
"With the GCS, we have found a simple and effective way to put huge land areas under permanent conservation," states Economist and Political Scientist Michael Dutschke. As a lead author of the 2007 Fourth Assessment Report of the Intergovernmental Panel on Climate Change IPCC, he has been involved for years in the debate on how to protect tropical rainforests. His company, biocarbon consult, has the responsibility of setting and overseeing the Standard, and it stands for GCS's environmental integrity.
The GCS Standard document, Initial methodology, and project information, will be released soon. A technical review is expected to take place in February, followed by a 3-week public review period. More details on the CCF Green Conservation Standard can be obtained by contacting the companies or from their respective websites.
CCF and biocarbon consult have developed a programme designed to monitor, protect and enhance conservation areas and, in particular, forestry-based reserves through a valuation methodology consisting of existing carbon pools. This methodology is designed to form the framework for the auditing, monitoring and monetisation of conservation assets, laying the foundations from which many further carbon credits can be sourced through good governance and practice. These credits include Carbon Offset Credits, Nutrient Credits, Water Credits, Phosphate, Nitrate and Sulphur Credits, in addition to Ecosystem and Wildlife credits.
The methodology and objective behind the Conservation Credits through the 'Global Conservation Standard' (GCS) was originally designed to value and monetise rainforests to reduce deforestation while compensating indigenous communities through, not only commercial returns, but also technology and farming expertise.
However, with CCF's operations in the USA and Asia, it became clear that a more encompassing standard had been created for all conservation areas with carbon reserves of various degrees. Wetlands areas such as the Everglades, peat areas, and critical forestry locations, such as Amazonas, all fall within the Green Conservation Standard remit.
"In order to obtain a return on ethical investment, the GCS standard generates Conservation Credits, which formalize a relationship for several other credit types to be created, through externally accepted methodology, into the voluntary and certified markets," explained Gregg Fryett, CEO of CCF. "Corporations are able to fulfill their environmental and CSR 'obligations' while having access to a potential revenue from generated credits. A large volume of credits produced from implementation of the conservation credit schemes are already being traded through exchanges or principal to principal. This standard is well poised to help many conservation areas, including the rainforests, but also to be built into a commercially attractive, scaled investment for corporate and financial markets. Indeed we are, through our Fund Management Company, already looking at this for fund placement," continued Mr. Fryett.
Creating value and incentive in the rainforest conservation is critical for stopping deforestation. By introducing this standard, CCF believes that it, with the support of corporations and investors, in addition to the general public, can certainly reduce deforestation and, indeed, reverse it within an acceptably short period. The programme also generates considerable CSR benefits for the credit buyers, increasing the value of their commitment to improving the world's environment.
"With the GCS, we have found a simple and effective way to put huge land areas under permanent conservation," states Economist and Political Scientist Michael Dutschke. As a lead author of the 2007 Fourth Assessment Report of the Intergovernmental Panel on Climate Change IPCC, he has been involved for years in the debate on how to protect tropical rainforests. His company, biocarbon consult, has the responsibility of setting and overseeing the Standard, and it stands for GCS's environmental integrity.
The GCS Standard document, Initial methodology, and project information, will be released soon. A technical review is expected to take place in February, followed by a 3-week public review period. More details on the CCF Green Conservation Standard can be obtained by contacting the companies or from their respective websites.
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