SYDNEY, 6th of January 2014 – GCS is pleased to announce the approval of its latest Native Forest Protection project under the Carbon Farming Initiative (CFI) – the first ever on leasehold land.

“Approval for this first of a kind project comes just weeks after we were issued the first ever Australian carbon credit units for the first native forestry protection project under the CFI, the Horse Ridges Native Forest project” said James Schultz, CEO of GCS.

“This marks a watershed moment for leasehold properties and we look forward to several more projects soon. The approval follows 12 months of hard work by GCS and Western Lands to put in place the policies to make such approvals possible” said Lewis Tyndall, Director of Legal and Compliance at GCS.