Press Release (ePRNews.com) - CAMBRIDGE, Mass. & SHABUNDA, Congo, The DR of - Jul 03, 2017 - The Shabunda Forest Carbon Project, now underway with the Groupe d’Intervention pour l’Encadrement et la Réhabilitation Intégrale (GIERI), Bukavu, DRC, Africa, and Planet Alpha Corp. (PαC), Cambridge, MA, USA, intends to shape the future by tempering development with forest management. The proposed project, located in the north-east area of the Shabunda Territory, provides payment to landowners upfront and annually for sequestered carbon measured directly in the forest. Unique project sequestration products will be available as carbon offsets to buyers worldwide. With no project cost to the landowners the revenue will be used to improve health and nutrition, while disincentivizing forest destruction.
Executive Director of GIERI/Landcare Network, DRC, Patrick Kaka remarked, “Many years ago the territory of Shabunda was not accessible and was isolated, however, the gift of our natural resources consisting of dense virgin forest and fauna is now highly valued by the global community; we look forward to working with PαC to realize our natural heritage and to empower our community.”
The project area covers about 25,000 square kilometers between the Kahuzi-Biega National Park to the north and the Maniema region to the west. The project is working through the procedural and logistic details required including concurrence with national, subnational and tribal leaders.
“Forest carbon is an ecosystem treasure that has yet to be fully valued for its benefits to landowners and stewards in a world embedded in silicon, forest destruction and a rush to colonize Mars; indeed we know more about a handful of Martian rocks than we do about the genetics of trees in Shabunda,” remarked Bruno D.V. Marino, CEO and Founder of PαC. “Our focus is the long-term sustainability of the region over the coming decades, a crucial time for realization of climate change management for Africa and the Earth,” said Marino. The project time horizon is long-term but divided into ten year intervals to allow for project adjustments.
Planet Alpha Corp., based in Cambridge, MA, USA, is commercializing measurement of forest carbon sequestration across large scales, reducing cost, improving data capture, analysis and monetization. Methane and nitrous oxide will also be measured. The financing for the project is expected to come, in part, from a Regulation A+ Tier II filing that PαC is undertaking to combine innovative finance with GHG trading, both objectives of the Paris Agreement.
About Groupe d’Intervention pour l’Encadrement et la Réhabilitation Intégrale (GIERI) (http://www.gieri.org) is an established non-profit organization working to improve the lives of communities in the eastern DRC region (firstname.lastname@example.org).
About Planet Alpha Corp. (PαC) (http://www.planetalphaforest.earth) is an early stage greenhouse gas services and technology company addressing management of atmospheric composition and greenhouse gas markets worldwide (email@example.com).
*DISCLAIMER: Planet Alpha Corp. 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.
Planet Alpha Corp., GIERI asbl