Innovative forest project to offset emissions of G8 Young Summit

FOR IMMEDIATE RELEASE

10 May, LONDON: Allcot Group will offset all the emissions associated with the G8 Young Summit, being held in London, the UK, this weekend (May 11-12th).

The summit is a unique invitation-only event that brings together the young leaders of tomorrow in the fields of business, politics, philanthropy and policy, ahead of the annual meetings of the G8.

Allcot - the Switzerland-based climate mitigation project developer and trader - is to offset all the greenhouse gas emissions resulting from the use of the venue during the summit, as well as from attendees’ travel to and from the event. The exact number of offsets involved will be calculated after the event, in cooperation with the summit organisers, based on the number of attendees and the distance they travelled.

“We are delighted that Allcot is supporting the Summit with the donation of carbon offsets, helping to neutralise the environmental impact of the event,” said Sergio Fernandez de Cordova, Chairman of the G8 Young Summit. “Climate change is one of the most crucial challenges facing the next generation of leaders, and companies like Allcot are leading the way in showing how business, finance and markets can be harnessed to address greenhouse gas emissions.”

“Allcot Group is proud to sponsor the G8 Young Summit - a unique event that promises to engage the leaders of tomorrow in building a better world,” says Alexis L Leroy, Allcot’s CEO and Founder. “Environmental markets have a vital role in addressing the sustainability challenges facing this generation and the next, and this offset project in particular shows how they can be used to protect some of the world’s most important and vulnerable ecosystems.”

The offsets have been generated by the Purus Project, which reduces emissions from deforestation and degradation in Acre, Brazil. It is protecting more than 85,000 acres of rare and threatened tropical rainforest in one of the most biodiverse ecosystems on the planet.

The ‘REDD+’ project is validated to both the Verified Carbon Standard and the Climate Community and Biodiversity Standard, ensuring the highest levels of environmental and social integrity.

As well as protecting the rainforest, thus reducing carbon emissions, the project will fund new school buildings and facilities, and the local community’s first health clinic.

For more information about Allcot, contact:

Joakim Nerman, Director of Marketing and Communication, press@allcot.com

For more information about the G8 Young Summit, contact:

Rachel Cohen Gerrol, rachel@pvblic.org

About Allcot

Allcot develops, manages and trades in all sectors related to climate mitigation, focusing on sustainable development through energy trading and building successful partnerships with companies who value the environment.

Solutions offered by Allcot are customized and designed to improve business operations at all levels, from operation development to carbon portfolio management, covering all the needs of today’s climate-conscious entities.

For more information, see: http://allcot.com

About the G8 Young Summit

The G8 Young Summit is an annual summit that occurs prior to the formal G8 meeting of the Heads of State of the respective countries. The G8 Young Summit brings together influential next generation thought-leaders and change-makers representing the Group of Eight (G8) countries to discuss issues of mutual and global concern.

The product of the G8YS is an official Communique which presents a set of solutions and recommendations to be shared globally and specifically with the G8 Heads of State.

For more info, see: http://g8ys.org

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