Welcome!

News Feed Item

Chemonics International Awards Second Contract for Colombia Redd Project Development to Consortium of Ecopartners, Offsetters and Clearsky

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/21/14 -- 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, a second contract ("Phase Two") to develop project documentation for their ongoing BioREDD+ program in Colombia, South America.

Under the terms of the new Phase Two contract, the team of ecoPartners, ClearSky and Offsetters will be responsible for developing and writing complete Project Design Documentation for four additional 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 new projects will also 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.

"The initial work undertaken in Colombia by this consortium has been well received by Chemonics, and we are pleased to have been granted the opportunity to continue the work into Phase Two of the program," commented Dr. James Tansey, CEO of Offsetters. "This new contract will help Chemonics reach the goal of having eight unique REDD programs established under the 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
New Relic, Inc. has announced a set of new features across the New Relic Software Analytics Cloud that offer IT operations teams increased visibility, and the ability to diagnose and resolve performance problems quickly. The new features further IT operations teams’ ability to leverage data and analytics, as well as drive collaboration and a common, shared understanding between teams. Software teams are under pressure to resolve performance issues quickly and improve availability, as the comple...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, will draw upon their own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He will also discuss the implementation of microservices in data and applicat...
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
As you respond to increasing requests for new analytics, you need fast and flexible technology in your arsenal so that you can deploy the right workload to the right platform for the need at hand. Do you need self-service and fast time to value? Do you have data and application control and privacy needs, along with strict SLAs to meet? IBM dashDB™ is data warehouse technology powered by in-memory computing and in-database analytics that are designed for fast results, scalability and more.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...