Boston Carbon Corporation to Donate 27,000 Tons of Greenhouse Gas Credits to the DNC
Credits will offset emissions from travel to and from Boston
BOSTON, July 26 /PRNewswire/ -- The Boston Carbon Corporation, (BCC), a leading consulting company advising clients on profitable environmental remediation techniques, is donating 27,000 Greenhouse Gas Certified Trading Credits (CTCs) to the Democratic National Convention. The credits will offset the estimated 27,000 tons of CO2 emissions that will be generated by delegates, media, staff and others as they travel to and from Boston during the week of the convention. Boston Carbon's donation, made through the Coalition for Environmentally Responsible Conventions (CERC), is helping the Democratic National Convention Committee achieve its goal of becoming America's greenest political convention. These trading credits certify that an actual reduction of 27,000 tons greenhouse gas (GHG) emissions has been achieved and that the reduction meets all of the criteria laid out by the United Nations Framework Convention on Climate Change. The 27,000 tons of emissions offset by this donation are the equivalent to the CO2 generated by approximately 90,000 homes during the 5 days of the Democratic National Convention. "It is widely accepted that greenhouse gas emissions are a major factor in global warming and that the amount of GHGs added to the atmosphere continues to rise," said Charlie Parker, president of Boston Carbon. "The DNC provides a great stage to raise awareness of this problem and our donation highlights the fact that for many companies, reducing greenhouse gas emissions and turning them into carbon credits is not only good for the environment, but also good for their bottom line." The credits donated by Boston Carbon to the DNC were created through the capture of fugitive methane gas from Jim Walter Resources, Inc., a coal mining company in Alabama. Methane gas is a particularly serious greenhouse gas since its global warming potential is twenty-one times that of carbon dioxide. The Boston Carbon project with Jim Walter Resources is believed to be one of the largest greenhouse gas mitigation project currently operating in the United States, capturing the equivalent of approximately 5 million tons per year of carbon dioxide which otherwise would escape into the atmosphere. The captured methane gas is, after cleaning, fed into an existing natural gas pipeline system for sale to natural gas users. The project is an excellent example of how, through skillful planning and execution, industry can move profitably to reduce the damage of greenhouse gases to the atmosphere. Boston Carbon's Pivotal Role Because the creation of credits from claimed reductions is not yet well understood, BCC has taken a leading role in creating the infrastructure to accelerate the process of earning credits in the United States. BCC serves both emitters -- who will need to make emission reductions -- and emerging innovators who will design and execute clean energy solutions. BCC has designed a comprehensive set of procedures to secure and monetize GHG emission credits for clean energy and power projects. The process includes preparing and submitting applications to qualified 3rd party approving bodies to secure approval, accreditation and certification of the credits. It also provides for monitoring, tracking, recording and registering of the reductions. Through its multi-disciplinary network of strategic partners, Boston Carbon provides a set of integrated, transparent procedures to ensure the validity of the carbon credits that are claimed. In the United States, although the federal government has been notably absent on this issue, bipartisan state actions are filling the void. For example, the Regional Greenhouse Gas Initiative, or RGGI, a cooperative effort by nine Northeastern and Mid-Atlantic states to reduce carbon dioxide emissions will set a regional limit for how much carbon dioxide electric power plants can produce and allow emitters who produce less than allowed to trade credits with those that exceed the cap. Other states and regions are working on similar plans. Based on the expectation that regulations to limit greenhouse gases will be coming soon, there is already a growing market in both Europe and the United States for GHG emissions credits. According to a study commissioned by the World Bank, approximately 64 million tons of reductions were traded during the first four months of 2004. The average price paid for pre-compliance project-based emission reductions in Europe was approximately $4.00 to $5.00 per ton, while in the U.S, credits trade for approximately 95 cents a ton on the voluntary Chicago Climate Exchange. About Boston Carbon Corporation Boston Carbon Corporation (BCC), based in Carlisle, MA, (http://www.bostoncarbon.com ) is a leading consulting company advising clients on profitable environmental remediation techniques. Boston Carbon advises clients in the United States and worldwide on strategies to satisfy actual and impending regulations regarding the emission of greenhouse gases and other pollutants. BCC works with companies to identify clean energy projects, integrates of all the various steps necessary to maximize the value of greenhouse gas reductions as credits, thus increasing the project's overall economic value. Contact: Charlie Parker Berl Hartman Boston Carbon Corporation Blanc & Otus 978.369.3679 617.308.9012 firstname.lastname@example.org email@example.com
SOURCE Boston Carbon Corporation
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.