17.03.2009 15:10:00

EcoSecurities Makes First VCU transfer on TZ1 Registry Platform

EcoSecurities (LSE:ECO), one of the leading companies in the business of sourcing, developing and trading carbon credits worldwide, makes its first transfer of Voluntary Carbon Units (VCUs) to Climate Positive, a voluntary carbon retailer based in Australia. EcoSecurities completes its first transfer to Climate Positive following the successful registration and issuance of VCUs from an Indian Wind project.

The launch of the Voluntary Carbon Standard (VCS) registries allows for the issuance and electronic transfer of Verified Emission Reductions (VERs) which have been verified to the Voluntary Carbon Standard and have been approved according to the published VCS guidelines. TZ1 was recently announced as being authorised by the Voluntary Carbon Standards Association to issue VCUs and as such provides buyers of carbon credits with unique identification, transparency, authenticity and traceability from origin, issuance and electronic transfer of ownership or retirement of credits as required.

Lisa Ashford, Global Head of Voluntary and New Markets at EcoSecurities stated "Today is a landmark for the Voluntary Carbon Market. Being able to electronically hold and transfer Voluntary Carbon Units through a registry which is endorsed by the Voluntary Carbon Standard Association is extremely exciting and marks another step forward in the development of the Voluntary Carbon Market".

Danielle Johnston, General Manager of Climate Positive went on to say "We welcome the opportunity for Climate Positive to play a role in the marking of this industry milestone, and we see the development of a registry platform as a positive step to ensure ever-important transparency.”

"This EcoSecurities and Climate Positive transfer is an excellent example of high quality voluntary carbon credit transactions" says Helen Robinson, CEO TZ1 Registry. "The TZ1 VCS Registry is delighted to ensure transparency and security protecting the interests of both organisations."

In addition, EcoSecurities has over 50 voluntary carbon offset projects within its portfolio, verified to a variety of different standards including the Clean Development Mechanism (CDM), the Voluntary Carbon Standard (VCS), the Gold Standard, the Californian Climate Action Registry (CCAR) and Pre-CDM. To see an overview of each project or to access all our projects in detail click on the following link http://www.ecosecurities.com/projectnet

Editor’s Notes:

About EcoSecurities

EcoSecurities is one of the world's leading companies in the business of originating, developing and trading carbon credits. EcoSecurities structures and guides greenhouse gas emission reduction projects through the Kyoto Protocol, working with both project developers and buyers of carbon credits.

EcoSecurities works with companies in developing and industrialising countries to create carbon credits from projects that reduce emissions of greenhouse gases. EcoSecurities has experience with projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency, and forestry. With a network of offices and representatives in more than 25 countries on six continents, EcoSecurities has amassed one of the industry's largest and most diversified portfolios of carbon projects.

EcoSecurities also works with companies in the developed world to assist them in meeting their greenhouse gas emission compliance targets. Utilising its highly diversified carbon credit portfolio, EcoSecurities is able to structure carbon credit transactions to fit compliance buyers' needs, and has executed transactions with both private and public sector buyers in Europe, North America and Japan.

EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at www.EcoSecurities.com.

About TZ1

TZ1 Limited is a pre-eminent environmental commodities markets infrastructure provider. As the global trend in managing environmental assets moves towards price-based mechanisms, a robust registry is an essential tool to provide transparency and credibility. Only credible and robust financial infrastructure (with inherent flexibility) will best serve this new marketplace. A core part of the TZ1 business is its Registry service, providing critical market capability and giving the necessary comfort to project developers, buyers and the increasingly important investors in these emerging markets. For more information: http://tz1market.com

About Climate Positive

Founded in 2006, Climate Positive works toward achieving deep and positive impacts on global warming through carbon reduction and offsetting measures, as well as education and outreach.

Climate Positive works closely with households, business and government partners to assist them to understand their own carbon footprint and the measures to take to reduce it.

Following the understanding, measuring and reduction phases, Climate Positive provides partners with high quality carbon offsets from accredited projects with a renewable energy component, such as wind farms.

Uniquely, Climate Positive then undertakes an additional step: for every one tonne of carbon offset, it commits to restoring an additional 4m2 of biodiverse, resilient ecosystems, on land covenanted by ‘Trust for Nature’.

Climate Positive’s not-for-profit status ensures all profits are re-invested back into the organisation, to reverse global warming.

In 2008, it was the only not-for-profit carbon offset provider ranked in the top category of Carbon Offset Watch, the first independent ranking of Australian offset providers.

It also received a ‘Melbourne Award’ for its contribution to Environmental Sustainability within Melbourne.

For further information visit www.climatepositive.org or call +613 9698 5700.

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