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Automaker to Offset Carbon Emissions of Projected Consumer Use

WASHINGTON, Aug. 30 /PRNewswire/ — Carbonfund.org today announced a
new long-term strategic partnership with Volkswagen of America, Inc. to
make a significant contribution towards the global challenge of climate
change. The first initiative of this partnership, the Volkswagen Carbon
Neutral Project, is one of the most ambitious carbon offsetting projects
ever undertaken in the United States. From September 1, 2007, until January
2, 2008, every vehicle sold by Volkswagen will have its carbon emissions
offset for the first year of ownership.

Carbonfund.org will offset the carbon emissions of each new Volkswagen
sold by supporting the land acquisition and reforestation of 1,100 acres of
habitat in the Lower Mississippi Alluvial Valley, Louisiana. The project is
designed to meet internationally recognized carbon offset standards and
certifications. The offsets will be based on the average annual emissions*
for each different type of model sold in the four-month period.

“Carbonfund.org and Volkswagen of America share a common goal of
fighting climate change and being part of the solution toward a clean
energy, low-carbon world,” declared Eric Carlson, executive director of
Carbonfund.org “We are committed to working together to reduce the threat
of climate change for our and future generations. This is the first time a
car company and its community of owners have mobilized on this scale to
offset carbon emissions, and we are proud to be playing an important role
in this process.”

This ambitious initiative is only the start of a wide-ranging
partnership between Carbonfund.org and Volkswagen of America that will
encourage customers to continue to offset their emissions via a carbon
calculator on the Volkswagen of America micro site hosted by
Carbonfund.org. This opportunity will be extended to all members of the
Volkswagen community and to everyone who is looking to offset their carbon
emissions.

For the first time, visitors to the Volkswagen of America website
(http://www.vw.com) will also be given the carbon footprint calculation of
their choice of vehicle, in addition to statistics on fuel efficiency,
speed, and price, when they use the “Build a VW” feature.

“This project is just the beginning,” explained Adrian Hallmark,
executive vice president of Volkswagen of America, Inc. “Volkswagen is
committed to finding new alternative fuels, engine and manufacturing
solutions to create additional ways for its community of owners to continue
to feel good about owning a Volkswagen.”

*For the Volkswagen of America partnership, the average annual
emissions for each different type of model will be determined on the basis
of the latest available U.S. Government data (http://www.fueleconomy.gov).

Carbonfund.org is a leading national non-profit that educates the
public about the dangers of climate change and makes it easy and affordable
for individuals, businesses and organizations to reduce their climate
impact. Carbonfund.org promotes affordable carbon reduction strategies and
supports renewable energy, energy efficiency and reforestation projects
that reduce and offset carbon dioxide emissions. Carbonfund.org combines
education and outreach with affordable high-quality carbon offsets to help
drive the price of clean technology below its dirty counterparts.

Carbonfund.org works with more than 200 businesses and organizations to
offset their offices, travel, events, shipping and production emissions.
For more information, please visit: http://www.carbonfund.org.

Volkswagen of America, Inc. is headquartered in Auburn Hills, Michigan.
It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany.
Volkswagen is one of the world’s largest producers of passenger cars and
Europe’s largest automaker. Volkswagen sells the Rabbit, New Beetle, New
Beetle convertible, GTI, Jetta, GLI, Passat, Passat wagon, Eos, and Touareg
through approximately 600 independent U.S. dealers. Visit Volkswagen of
America online at vw.com.

PR Newswire

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