21 March 2014
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 21, 2014) - 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.
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