VANCOUVER, BC, Dec. 5, 2023 – Klimat X Developments Inc. (Klimat X or the Company) KLX (FSE: Q1C) is thrilled to announce its high-level participation in the upcoming COP28 UAE UN Climate Change Conference in Dubai. Klimat X Co-Founder, Kevin Godlington, will be joining the conference’s exclusive ‘blue zone’, which is typically limited to UNFCCC-accredited participants like world leaders and government delegates. This unique opportunity will allow Klimat X to showcase its leadership in forest and mangrove conservation and restoration projects. The Company aims to seek partnerships in new jurisdictions during the conference in order to expand its pipeline of projects.
Klimat X has already assessed nearly 20,000 hectares of land for restoration through a comprehensive Participatory Mapping process. Working alongside the landowners, an NGO called Namati is preparing land lease agreements under a collaborative Free and Prior Informed Consent process.
Expressing his enthusiasm for the company’s involvement, Klimat X CEO James Tansey stated, Our participation at the highest levels of COP28 demonstrates the company’s leadership as a global, large-scale carbon project developer. Our commitment to quality, transparency, and traceability will continue to advance our leadership in providing scalable solutions to climate change, while also providing equitable incomes to some of the world’s poorest people.
Klimat X specializes in owning and operating nature-based carbon assets to meet the rising demand for carbon credits from companies striving to achieve their net-zero goals. The Company achieves this by investing in the exploration, restoration, and management of terrestrial and marine systems. These systems can either be protected to enhance greenhouse gas sequestration or restored from a degraded state to fully productive ecosystems. Klimat X’s dedication to environmental stewardship, coupled with its robust pipeline of carbon credit projects, has made it a trusted partner to the largest buyers of carbon credits worldwide in the fight against climate change. The Company’s current and prospective projects span various jurisdictions, including West Africa, Yucatan, Guyana, and Suriname.
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Forward-looking statements in this press release should be treated with caution, as they are inherently uncertain. Actual performance may be influenced by various factors, including material factors beyond the control of Klimat X. The company cautions readers that assumptions used in preparing forward-looking information may prove to be incorrect. Consequently, actual results may differ materially from the anticipated outcomes. The statements in this release are valid as of the date of publication, and Klimat X does not obligate itself to update or revise any included forward-looking statements, except as required by securities law.
In conclusion, Klimat X’s high-level participation in COP28 is a significant milestone for the company and reinforces its position as a global leader in carbon project development. With a focus on environmental stewardship and an extensive pipeline of projects, Klimat X is well-positioned to contribute to the fight against climate change and help companies achieve their sustainability goals.
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