BluForest Inc. Monitors Developments Within The EU To Allow Carbon
Offset Swaps Retroactive To May 1, 2012
QUITO, Ecuador, Nov. 21, 2012 /PRNewswire/ -- BluForest Inc.
(OTCBB: BLUF) (OTCQB: BLUF)
BluForest Inc. ("BluForest" or the "Company"), an emerging
leader in the field of Carbon Trading and Renewable Energy, is
monitoring developments within the EU to allow Carbon Offset Swaps
retroactive to May 1st
2012 and how this may affect the Company's future development.
As outlined in the Bloomberg News article by Ewa Krukowska on October
2nd, 20121 the "European Union is
considering from May 1st,
2012 allowing emitters to swap international carbon offsets into EU
allowances eligible for compliance in the next phase of the
region's emissions market. Manufacturers, utilities and
airlines in the EU program will be able to request until the end of
March 2015 to swap offsets generated
for emission reductions before 2012, the European Commission, the
bloc's regulatory arm, said in a draft revision of the EU carbon
registry regulation obtained by Bloomberg News. In the third phase
of the EU emissions trading system, which starts next year,
companies will need to exchange imported carbon-reduction credits
into EU permits before surrendering them for compliance."
Further, Krukowska reports that the commission put forward a
measure to member states to talk and get approval for International
credits which would allow for the cutting of greenhouse gases from
2013 onward and would be exchanged until the end of 2020.
"The EU law allows about 12,000 factories and power plants in the
bloc's emissions trading system to use United Nations offsets as a
cheaper way to comply with pollution quotas. The rules of the
program will tighten from next year when emitters will be permitted
to use UN credits from new projects only as long as they are based
in least developed countries."
The carbon swapping would allow the companies with "pollution
limits in the world's largest emissions cap-and-trade system to
manage their eligibility risk," according to Konrad Hanschmidt, an analyst at Bloomberg New
Energy Finance in London. In an email to Ewa Krukowska, Hanschmidt stated: "In return for
an offset a company will receive an EU allowance that they do not
have to immediately submit for compliance...In essence that will
remove the risk of holding credits that could become ineligible in
the future."
BluForest is entering a rapidly evolving industry that offers
investors the opportunity to get involved during the early stages
of a marketplace poised for significant returns with mitigated
risks. In addition to the voluntary carbon market which is
demonstrating significant growth resulting from awareness and
social responsibility, the Carbon Credit regulatory markets in
Europe, Australia, California, Mexico and several other jurisdictions are
also experiencing substantial growth. These indicators and the
potential developments within the EU all point to a clear message:
'The time to invest in BluForest, an ethical company positioned to
capitalize on this growth has never been better!'
Our initial land assets rank amongst the most valuable in the
world. Their location within a government protected National Park
places them on a level above most competitors who often face risks
associated with permanence and other influences beyond their
control.
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.
Safe Harbor Act Notice: Statements
contained herein that are not historical facts are forward-looking
statements within the meaning of the Securities Act of 1933, as
amended. Those statements include statements regarding the intent,
belief or current expectations of the company and its management.
Such statements reflect management's current views, are based on
certain assumptions and involve risks and uncertainties. Actual
results, events, or performance may differ materially from the
above forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors,
including, but not limited to, the company's ability to obtain
additional financing and the demand for the company's products. Any
investment in the company would be extremely speculative and
involve a high degree of risk and should not be pursued unless the
investor could afford to lose their entire investment. Before
investing, please review this filing, all past public filings with
the SEC, all current Pinksheets.com filings and consult a
registered broker dealer or contact the financial industry
regulatory authority ("FINRA") for more information regarding
locating a qualified party to assist in making an investment
decision. The company undertakes no obligation to publicly update
these forward-looking statements to reflect events or circumstances
that occur after the date hereof or to reflect any change in the
company's expectations with regard to these forward-looking
statements or the occurrence of unanticipated events. Factors that
may impact the company's success are more fully disclosed in the
company's most recent public filings with the U.S. Securities and
Exchange Commission. Forward-looking statements are typically
identified by the use of terms such as "anticipate," "believe,"
"could," "estimate," "expect," "intend," "may," "might," "plan,"
"predict," "project," "should," "will," and similar words, although
some forward-looking statements are expressed differently. Although
we believe that the expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct.
On behalf of the Board of BluForest Inc.
Contact UsCompany phone number: 1-855-509-5508
info@bluforest.com www.bluforest.com
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http://www.businessweek.com/news/2012-10-02/eu-considers-allowing-carbon-offset-swaps-from-may-draft-shows
SOURCE BluForest Inc.