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Publish Date : 05-Jul-2012

ERA Carbon Offsets Ltd. through its 100% owned subsidiary ERA Ecosystem Restoration Associates Inc. (“ERA”), is pleased to announce that the Denman Island Avoided Conversion of Forestlands Project has received final validation to the Climate, Community and Biodiversity Alliance’s (“CCBA”) Project Design Standard on June 27th, 2012. The project was officially posted on the CCBA website on June 29, 2012. ERA is the first private project developer to have two separate projects successfully validated to the CCBA standard in North America. In 2010, ERA’s CERP (Community Ecosystem Restoration Program) was the first Gold Level CCBA project recognized in Canada.

The Denman Island Avoided Conversion of Forestlands Project (the “Project”), which was first validated under ISO 14064-2 in 2011, is an innovative, award winning public-private partnership. By completing the Project, the Province of British Columbia and the private land owner, North Denman Lands Inc (“NDL”), and ERA have succeeded in protecting 750 hectares of land on Denman Island from future subdivision into residential and agricultural property. This involved a land donation by NDL, the purchase of carbon sequestration rights by ERA and a land transfer by the Province, which enabled the Province to acquire the land at a greatly reduced cost for inclusion in the BC Parks and protected areas system.

The third party validation of the Denman CCBA project design document was completed by the international auditing firm Environmental Services Inc. (“ESI”). The Project is the third carbon project in Canada to be validated to the CCBA Standard and just one of ten such projects in North America.

The CCBA is a partnership of international NGOs that created the Climate, Community & Biodiversity Standards to enable identification of projects that adopt best practices to deliver robust and credible greenhouse gas reductions while also delivering net positive benefits to local communities and biodiversity. The CCBA members—Conservation International, CARE, Rainforest Alliance, The Nature Conservancy and the Wildlife Conservation Society—lead the development and implementation of pioneering forest carbon activities, demonstrating how effective partnerships and integrated design can deliver significant multiple benefits.

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