? from the Climate Spectator website; 15 February 2011
"GREEN DEALS: Tall timber
Two Australian companies are hoping to raise funds and pursue projects in Asia and Africa after their jointly owned methodology to protecting forests received approval from the Voluntary Carbon Standard. GreenCollar Climate Solutions and the listed company m2m Corp (MCL) say their Logged to Protected Forests methodology is the first that provides a mechanism to generate credits from converting logging concessions to protected forests. GCS CEO James Schultz said the methodology could be a ?powerful tool? for saving forests in developing countries, where millions of hectares are planned for commercial harvest, and provide an economic alternative to logging for indigenous peoples living in forest areas.
However, the first project likely to be approved under the new system could be a Tasmanian-based project developed by the Australian company REDD-Forests."
I can sense we are due to hear about our first big project soon.. The first of many, and for the first time, a completed project.. Patience my friends, our patience perhaps,will be finally rewarded.
MCL Price at posting:
0.2¢ Sentiment: LT Buy Disclosure: Held
