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Macquarie's Carbon Forestry Funding Welcomed by FRA

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					Macquarie's Carbon Forestry Funding Welcomed by FRA

Australia’s Macquarie Group has announced that it has raised A$25 million
for its range of new forest carbon projects in developing countries,
which it is undertaking with the World Bank and Global Forest Partners
LP.

Seattle, WA, July 15, 2011 -- Australia’s Macquarie Group has announced
that it has raised A$25 million for its range of new forest carbon
projects in developing countries, which it is undertaking with the World
Bank and Global Forest Partners LP.

Forestry Research Associates (FRA), a research and advisory consultancy,
has welcomed the news of the new carbon projects as another major move
towards helping reduce deforestation in the world’s poorer nations.

The funding is part of a wider UN-backed carbon forestry deal, called
REDD, that provides financial incentives for developing countries that
take measures to preserve their forests in order to reduce the amount of
carbon emitted through deforestation, explained FRA.

Macquarie Group’s BioCarbon Group has agreed to terms with the
International Forest Corp. and US-based forestry investment firm, Global
Forest Partners, to provide the extra funding, which will be invested in
further REDD projects in developing nations. These projects are expected
to include partnerships with conservation group Fauna & Flora based in
Indonesia. BioCarbon is the financial vehicles for these projects.

Brer Adams, the Macquarie Global Investments Associate Director, said he
has confidence in the potential benefits the funding will have: "We are
very confident we have raised sufficient capital here for us to succeed
to have a significant footprint of forest carbon projects.” He added that
it is also looking at other nations including those in Southeast Asia,
Africa and South America to further extend its carbon forestry projects.

“This is very positive news for the carbon forestry market around the
world,” explained Peter Collins, an analyst at FRA. He added,
“International investment in forestry projects is essential in order for
a successful carbon market to be established. Carbon forestry allows us
to ensure that people living in developing countries can benefit from
their forests while they are standing, and not just when they are chopped
down and sold off. In fact, with the help of carbon forestry initiatives,
like the ones funded by Macquarie, we can safeguard the future of the
world's forests to provide sustainable income for generations to come.”

FRA added that projects in Brazil and other emerging economies, run by
firms like Greenwood Management, attract foreign investment in managed
sustainable forestry, which is helping to reduce deforestation and
illegal logging in Brazil and elsewhere.

Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
206-316-8394
info@forestry-research.com
http://www.forestry-research.com

				
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Description: Australia’s Macquarie Group has announced that it has raised A$25 million for its range of new forest carbon projects in developing countries, which it is undertaking with the World Bank and Global Forest Partners LP.