QUITO, ECUADOR--(Marketwire - Feb 12, 2013) - BluForest Inc. (OTCBB: BLUFD) (OTCQB: BLUFD): Mongabay.com, one of the world's most popular environmental science and conservation news sites reports, that:
"Carbon credits generated by forest conservation activities in tropical countries could play a role in California's cap-and-trade program, helping mitigate climate change and providing benefits to local communities, said a panel of expert..."
The REDD+ Offset Working Group issued a set of draft recommendations, "California, Aceh, and Chiapas," on how Tropical Forests in Brazil and Mexico could link efforts to reduce deforestation with the State of California's new cap-and-trade system.
"These recommendations are a pathway for states and provinces to provide leadership in reducing deforestation and reducing GHGs while benefitting local communities," said panel member Dan Nepstad, a noted Amazon researcher with the Amazon Institute of Environmental Research or IPAM. "We think these recommendations continue California's leadership role in global climate policy."1
Panel member Gregory Asner states: "We believe the mix of these recommendations with the current technology available to monitor, track and report deforestation around the globe are a recipe for success."
Once the recommendations are finalized they will be sent to the governors of California, Aceh, and Chiapas. Here they are expected to take part in advancing the acceptance of compliance-grade REDD+ carbon credits in California's cap-and-trade system. 2
About BluForest Inc. BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The BluForest website provides further information about the company which prospective investors are encouraged to visit.
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