Panama City, Panama, 1 October 2011 -  James Schultz, CEO of GCS, spoke at the Carbon Market Investors Association event at the United Nations Climate Change Convention taking place in Panama 1-7 October 2011, focused on the financial mechanisms and institutional developments needed to allow large scale REDD projects to succeed.

He talked about the experience of GCS in South East Asia and efforts to link local development needs with global demands for scaled and verified climate change benefits.

GCS appraises and develops policies and projects in environmental management, mitigation, and integration of the ‘environment onto the balance sheet.’ In February 2011, the company announced the approval under the Verified Carbon Standard (VCS) of the world’s first forest carbon methodology to generate carbon credits by converting commercially logged forests into conservation areas.