Carbon Done Right Transforms Climate Solutions with Updates

Updates from Carbon Done Right on Project Developments

Vancouver-based Carbon Done Right (TSXV: KLX) is making strides in its carbon credit project development efforts. The company has recently provided significant updates regarding its ongoing initiatives and management structure, showcasing its commitment towards addressing climate change through innovative solutions.

Continued Progress in Rewilding Initiatives

The company reports that planting efforts at the West African Rewilding project have been progressing smoothly due to favorable weather conditions. So far, Carbon Done Right anticipates reaching a total planted area of 3,400 hectares by the conclusion of this planting season.

Significant Project Design Milestone

Moreover, the completion of the Project Design (PD) for the Rewilding project under Verra’s new VM0047 protocol marks a crucial achievement. Following this, an extensive site visit was conducted with the auditing company tasked with validating the PD, reinforcing Carbon Done Right’s commitment to high standards in project development.

Investor Engagement and Future Growth

The company remains proactive in pursuing negotiations with both current and prospective investors. This is vital for securing the necessary capital required for ongoing project expansion and ensuring a robust pipeline for future growth.

Strategic Government Negotiations

In addition, Carbon Done Right is progressing in discussions with various governmental bodies, both at the national and regional levels, across different jurisdictions. Insights from these negotiations are expected to unfold in the near future, potentially paving the way for enhanced collaboration.

Leadership Changes and Gratitude

In a recent leadership change, Matthew Roma will be stepping down from his role as Chief Financial Officer and Corporate Secretary. The Board of Directors expresses their sincere appreciation for Mr. Roma’s significant contributions and wishes him the best in his future endeavors. The search for a suitable candidate to fill this vacancy is currently underway.

A Commitment to Nature-Based Solutions

Carbon Done Right focuses on nature-based strategies to mitigate climate change. The company is dedicated to developing validated carbon credits from the afforestation and reforestation of degraded lands and marine environments, including crucial ecosystems like mangroves. This direct ownership and operational approach addresses key supply constraints in today's market, matching the rapidly rising global demand for carbon credits.

Strategic Operational Focus

The company aims to enhance greenhouse gas sequestration through investments in terrestrial and marine system restoration. This involves a collaborative strategy with large landowners and governments, leveraging the expertise of a seasoned executive team.

Looking Ahead for Carbon Done Right

Dr. James Tansey, the CEO, has expressed optimism regarding the company’s direction amidst challenges faced in the carbon markets. He highlights that focusing on restoration projects positions Carbon Done Right advantageously, as such projects have garnered a price premium in the fluctuating market. The company is poised to continue advancing in this space, with a commitment to achieving key operational milestones as they unfold.

Frequently Asked Questions

What updates has Carbon Done Right provided regarding its projects?

The company has reported progress in its Rewilding project, expecting to plant 3,400 hectares this season and has completed the Project Design under Verra's VM0047 protocol.

How is Carbon Done Right addressing investment opportunities?

Carbon Done Right is actively negotiating with both existing and potential investors to secure necessary capital for ongoing project expansion and development.

What leadership changes have occurred at Carbon Done Right?

Matthew Roma will resign as Chief Financial Officer and Corporate Secretary, and the Board is currently assessing candidates to fill this position.

What focus areas define the company’s operations?

Carbon Done Right focuses on nature-based solutions for climate change, primarily developing carbon credits through afforestation and reforestation projects.

What does the company foresees for the carbon market's future?

Dr. Tansey remains optimistic that the carbon market will regain its strength, noting that conservation and restoration projects are essential for scaling Nature-Based Solutions.

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