1.2 Million Acre Ghanaian Forest Carbon Sequestration Pilot Project Launched for New Tradable Forest Carbon Products
Cambridge, MA, USA and Accra, Ghana, Africa (PRWEB) November 07, 2016 -- How much carbon is actually sequestered by diverse forest landscapes and how useful are carbon credits? This and related questions are addressed by a joint project that combines commercial large-scale greenhouse gas (GHG) sensor systems and diverse forest ecosystems located in Ghana. The Forestry Commission of Ghana (FCG), Accra, Ghana, Africa, and Planetary Emissions Management Inc. (PEM), Cambridge, MA, USA, have initiated a joint project now in the planning stage. Scientifically proven forest carbon sensors scaled-up for commercial applications would be deployed as a modular, intelligent, autonomous system of systems for the proposed project. The PEM approach turns traditional carbon credits upside down; there is no cost or fee to landowners, instead, landowners may receive upfront and annual payments for sequestered forest carbon implemented with a detailed project management plan subject to annual review. The project results include new and directly verified carbon products for sale to individuals, corporations and institutions worldwide. A Regulation A+ Tier II* $50M USD funding plan is under consideration to support the project.
Mr. Samuel Afari Dartey, the CEO of the Forestry Commission of Ghana, remarked, “The Forestry Commission is looking forward to this new partnership with Planetary Emissions Management Inc. to undertake this novel trading in diverse carbon products from Ghana’s forests." CEO Dartey went on to say, "We believe that this project has the potential to offer sustainable financial rewards and environmental benefits to Ghanaian stakeholders (landowners, government, forest communities and the private sector) as they conserve and manage different forest landscapes, the contribution of this project towards global climate change amelioration can be very positive and hence, worth pursuing."
Bruno D.V. Marino, PhD, CEO and Founder of PEM Inc. added, "This is an extraordinary opportunity to work at the planetary scale with our colleagues at the Forestry Commission of Ghana and share innovative GHG sensor technologies for forest conservation, working forests, biodiversity and cultural heritage projects with revenue to stakeholders." The PEM approach is a game-changer for traditional carbon credits featuring no fee services, upfront and annual payment options, and 24/7 monitoring, verification and accounting of GHG's (e.g., CO2, CH4, N2O) for diverse forest landscapes across Ghana. "PEM supports objectives of the Paris Agreement including large-scale direct GHG measurement technologies, innovative climate change finance and GHG trading options for signatory countries across the planet," remarked CEO Marino.
A contemplated Regulation A+ Tier II* approach to support the project would allow the public to invest in a company whose mission is to create forest sequestration products based on direct high frequency measurement of GHG's. Such products, which demonstrate net emission reduction and can be linked to observable changes in the biosphere, will be offered for sale over a range of prices to individuals, corporations and institutions worldwide.The PEM approach may also address the importance and uniqueness of Indigenous Peoples and their land rights in protecting forests and their role in the management of GHG emissions and climate change by providing direct access to climate change finance to indigenous groups similar to the approach to be undertaken for forests in Ghana.
The PEM approach includes creation of a website specifically for registration of directly measured forest GHG products that will host PEM FCG projects at no cost to project owners. The registration website will also host peer reviewed results of directly measured forest GHG emissions and ecological, biodiversity and cultural heritage research projects of relevance to the PEM FCP projects.
About PEM Inc. Planetary Emissions Management Inc. (http://www.pemforest.com) is an early stage greenhouse gas services and technology company addressing management of atmospheric composition and greenhouse gas markets worldwide.
About FCG. The Forestry Commission of Ghana (http://www.fcghana.org) is responsible for the regulation of utilization of forest and wildlife resources, the conservation and management of those resources and the coordination of policies related to them. We aim to be a corporate body of excellence in the sustainable development, management and utilization of Ghana's forest and wildlife resources meeting both national and global standards for forest and wildlife resource conservation and development.
*Planetary Emissions Management Inc. is contemplating an offering of securities under Tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response, will not be accepted. No offering to buy the securities can be accepted and no part of the purchase price can be received until the offering statement, filed by the company with the Securities and Exchange Commission (“SEC”), has been qualified by the SEC. Any such offer may be withdrawn or revoked without obligation or commitment of any kind, at any time before notice of its acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind.
Bruno D.V. Marino, PhD, CEO and Founder, Planetary Emissions Management, Inc., http://www.pem-carbon.com, +1 855-254-5055 Ext: 101, [email protected]
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