Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Sino-Forest Participates in China's Effort to Promote 'Green' Manufacturing
Print
Toronto, Ontario, Canada, 23 July 2007 -- /PRNewswire/ -- In an effort to mitigate greenhouse emissions while encouraging development of the carbon credit trading and forest biofuel, China's State Forestry Administration officially launched the China Green Carbon Foundation on 20 July 2007, at the Great Hall of the People in Beijing, PRC.

As one of the founding members and the only member representing the forestry sector, Sino-Forest (TSX: TRE and TRE.S) is pleased to work with the State Forestry Administration to develop carbon credits and renewable energy through large-scale tree plantation, management of forests in a sustainable manner to increase absorption of carbon dioxide, and promoting and facilitating carbon credit trading in China.

"This is a first for China and an important milestone as it plans to develop carbon credit trading and efforts to mitigate greenhouse emissions through the development of environmentally friendly and sustainable initiatives. We are excited to be able to cooperate and contribute our expertise towards the integration of forest resources and biofuel development," said Allen Chan, chairman and chief executive officer.

To address climate change and efforts to mitigate greenhouse emissions, China launched its "National Climate Change Program" on 04 June 2007, a first by a developing country, to promote clean technologies and improve energy efficiencies. The plan is designated to integrate with the country's 11th Five-year plan (2006-2010). China pledges to reduce carbon dioxide emissions or equivalent by 1.5 billion metric tons by 2010 while maintaining its economic growth.

About Sino-Forest Corporation

Sino-Forest Corporation, a Canadian company, is a leading commercial forestry plantations operator in China. The company started its operations in 1994 and is the first foreign and privately managed operator involved in forest products in China. Its principal businesses include the ownership and management of forestry plantation trees and sales of standing timber, wood chips and logs, and complementary manufacturing of downstream engineered-wood products. The corporation's common shares trade on the Toronto Stock Exchange under the symbol TRE since 1995.

Source: Sino-Forest Corporation


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: