ECO2 has entered into contract with CarbonX Trade, Inc., a wholly owned subsidiary of Lakewood, CO based Green Ventures Future Fund, for the sale of all generated carbon credits through the first seven years of planting from the company's recently announced Vanuatu venture and its ongoing projects in the Eastern states of Australia where the planting of 150,000 initial Kiri trees has been completed creating approximately 375,000 carbon credits at an initial price of $10.00us per credit from these trees. Green Ventures Future Fund ("Green Ventures") will begin making payments for those carbon credits over a 12 month period beginning in April of 2010 creating ongoing cash flow for ECO2 while allowing the company to incrementally build income. An additional 150,000 trees are on schedule to be planted by the end of Q1 2010 in Vanuatu, following the anticipated land closing in mid-January, with their initial payments then commencing 90 days after completion. ECO2 plans to have a minimum of 3 million trees planted by the end of the seven year cycle per the contract with Green Ventures.
NEGOTIATING GASES: A ton of carbon dioxide emitted in India is the same as a ton of carbon dioxide emitted in the U.S., but that isn't making climate negotiations any simpler in Copenhagen.
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COPENHAGEN—One thing is clear under this city's low, leaden skies: a ton of carbon dioxide emitted in India is the same as a ton of carbon dioxide emitted in the U.S. And while some notable contrarians are present here at the United Nations' climate summit, their presence is going largely unnoticed because representatives from most countries accept the basic physics of a molecule of carbon dioxide trapping heat in the atmosphere. But what is less clear is how the various negotiators from 193 countries are incorporating new developments in the scientific understanding of climate change and its progress, particularly as various draft texts of what an agreement might look like circulate through the crowded halls of the Bella Center.
"Our starting point is the environment," says Karl Falkenberg, director general of the environment at the European Commission. "What we're looking for here is an outcome that effectively deals with climate change and the consequences of climate change that we are seeing everywhere on the globe."