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ERA Carbon Offsets Ltd. (TSX-V: ESR) has closed its previously announced private placement. The private placement consists of 7,360,000 common shares for C$0.75 per share resulting in gross proceeds of C$5,520,000. The sole subscriber to the placement was Forest Carbon Group AG (FCG), an affiliate of HEAG Sudhessische Energie AG. FCG now owns 7,360,000 shares which constitute 29.9% of the issued capital of the company.
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VANCOUVER, B.C., Feb. 08 /CSRwire/ – ERA Carbon Offsets Ltd. (TSX VENTURE: ESR) (the “Company” or “ERA”), is pleased to announce that the private placement previously announced, October 14th 2009, will close on or about February 9th 2010. The private placement consists of 7,360,000 common shares at a price of CAD$0.75 per share for gross proceeds of CAD$5,520,000. The sole subscriber is Forest Carbon Group AG (”FCG”) an affiliate of HEAG Sudhessische Energie AG (”HSE”), a German energy and infrastructure company based in Darmstadt. Post-financing, FCG will own an aggregate of 7,360,000 shares which constitute 29.9% of the issued capital of the Company. No finder’s fee was paid in connection with the private placement.
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A Greenpeace forest campaigner in Papua New Guinea says the government has failed to stop unscrupulous carbon traders from buying up rights to forests from indigenous landowners
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Beijing is trying to promote the concept of carbon credit among ordinary residents by making it an alternative to the annual voluntary tree planting program, but many are still unaware of the option.
Continue Reading at GlobalTimes
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SAN DIEGO – A California firm and a Missouri company are collaborating to develop carbon offsets from more than 300,000 acres of privately owned forest in the Ozarks Mountains of Arkansas and Missouri.
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THE effects of global warming has taken its toll on Mother Nature and many have called for the citizens of the world for help in conserving what can be protected.
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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 15, 2010) – ERA Carbon Offsets Ltd. (TSX VENTURE:ESR) is pleased to announce the release of the Ecosystem Marketplace report titled “State of the Forest Carbon Markets 2009: Taking Root & Branching Out”: The first-ever global survey of emerging markets in forest carbon.
Continue Reading at MarketWire
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The forest carbon market is now two decades old but the bulk of its 20-million-tonne contribution to carbon sequestration and emissions reduction has come in the last three years – despite the global financial crisis and recession. This picture emerges from the ‘State of the Forest Carbon Markets’ report released by Ecosystem Marketplace (ESM) this week. Its landmark report appears the best attempt yet at a comprehensive estimate of the volumes and value in the forest carbon sector worldwide.
Continue Reading at CarbonPositive
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How much petroleum and petroleum-based products are consumed annually by U.S. auto racing interests?
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(RTTNews) - Eco2 Forests Inc. (ECOF.PK: News ) said that it has reached a multi-million dollar agreement for the sale of carbon credits created through the commencement of its Global Forestry projects.
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OTTAWA – North of Canada’s capital, underneath an endless expanse of spruce, pine, and birch, ticks what some scientists are calling a carbon bomb: Peat.
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One of the world’s largest forests, the Brazilian Amazon, could be worth a lot of extra money under a proposed deal that pays forest landowners to preserve trees. Indigenous peoples living in the Amazon Basin would make effective use of the funding that forest credits could generate, says Beto Borges with the conservation group Forest Trends.
Continue reading at Voanews.com
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Putting the power of the market to work to protect forests and fight climate change
PENNSYLVANIA — December 3, 2009 — The Nature Conservancy today launched Working Woodlands, a model forest conservation program that aims to protect forests and fight climate change through an agreement with Blue Source to jointly develop market-based incentives that reward landowners who demonstrate exceptional forest management practices.
Continue reading at Nature.org
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ScienceDaily (Dec. 5, 2009) — A new strategy for saving tropical forest species was published in the journal Science on the eve of the United Nations Framework Convention on Climate Change in Copenhagen, Denmark, by a team of researchers, including William Laurance, senior staff scientist at the Smithsonian Tropical Research Institute and distinguished professor at James Cook University. The authors state that wealthy countries should adopt a carbon-payment system that explicitly incorporates biodiversity values.
Continue reading at Sciencedaily.com
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| Sourced From Thejakartaglobe.com |
Sanur, Bali. As nations prepare for the upcoming UN Climate Change Conference in Copenhagen this month, an expert here on Tuesday called for delegates to make sure developing countries get their fair share of the potential benefits of a new carbon trading scheme slated for discussion.
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