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

Jul 26, 2004, 01:00 ET from Boston Carbon Corporation

    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,
 ( ) 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.
      Charlie Parker                     Berl Hartman
      Boston Carbon Corporation          Blanc & Otus
      978.369.3679                       617.308.9012

SOURCE Boston Carbon Corporation