‘Green’ fuel for coal utilities certification standards adopted
Huntington, NY— Green Energy Resources announced a three-point plan to certify “GREEN” fuels. “Green” fuel (wood biomasse) will be approved by third party emission accreditors and emissions’ brokers. The certification of renewable energy fuels is a first. It is a vital step in creating uniform commodity standards of performance and quality that will guarantee utility operators “Green Certificates” (carbon, nitrous, and sulfur). Green Energy Resources will utilize the UTCS environmental certification system as its model.
The plan is applicable to all renewable energy fields utilizing wood biomasse, but specially directed at coal utilities for a rapid conversion from the burning of air polluting coal to co-firing. Co-firing is the process of mixing wood fiber with coal to reduce green house emissions. Coal energy accounts for 51% of American electric power and is by far the greatest potential market for the renewable energy industry (estimated in the billions of dollars) it includes biomasse, solar power, wind and water.
The three point plans consists of financial incentives and discounts, approved by third party non-profit emission certifiers and trading brokers for users of GER’s UTCS environmentally certified biomasse (wood fiber fuel).
Secondly, the plan includes globally tradable energy certificates, which will be exchangeable with Europe’s certificates. The certificates will contain “Environmental Attributes” from regional programs and Renewable Energy Certificates (REC’s), combined into a single tradable certificate.
Lastly, certified “Green” fuels will extend benefits for gasification, ethanol, direct burn biomasse plants, co-firing, bio diesel and other wood fiber fuel applications.
Future biomasse power plants are being rejected and cancelled because of a lack of consistent affordable fuel supplies in the U.S. In states like Florida, in the aftermath of four hurricanes last year, there are vast quantities of storm damaged waste wood available that could be distributed through out the U.S. for the generation of power. Under existing provisions, it will end up in landfills at taxpayers’ expense, rather than utilized for the generation of power.They are shipping the product across the ocean and distributing it to power plants within a 100 miles radius of the receiving port. European plants are generating profits through emissions trading. The Green Energy Resources plan allows American companies to compete on a level playing field by discounting the tradable certificates to provide funds for the transportation and procurement of biomasse.
Governments examine their CO2 emissions output and set caps or limits on emissions for businesses, utilities, and institutions. A targeted quota reduction is then placed on the emitting entity. A utility company exceeding its quota of emissions must pay other utilities using less than their quota for credits in the market place. In April 2006 utilities exceeding their quota levels will also have to pay fines.
Companies that comply and use less than their quota can sell Credits (surpluses) into the market place and generate substantial revenues. More than 5 million tons of CO2 were traded in January 2005. The newly developed market has attracted brokerages, banks, and major trading houses.
Green Energy Resources proposed to the emissions trading certifier’s, credits for companies utilizing Environmentally certified wood. Green Energy Resources UTCS (urban tree certification system) has three components no other certification plan provides. Each component specifically complies with a different aspect of the Kyoto treaty, thus having greater value. Green Energy Resources utilizes waste, recycled and salvaged woods therefore, preserving the planet’s existing forests and diverting wood from overcrowded landfills that emit carbons from decay into the atmosphere. UTCS provides a plan for carbon sequestration via carbon sinkholes in urban and suburban environments.
The U.S. Federal Environmental Protection Agency (EPA) implemented new air quality standards in 2004 that become effective in 2005. The rules require the utility industry to reduce green house emissions and pollutants. (The USA is the largest emitter of greenhouses gases in the world). The industry was served further notice when eight states, including New York and California, filed a Federal lawsuit over emissions last year. The utility industry is faced with simple and clear options. It can continue air polluting and pay ever increasing Federal fines, which is passed on to consumers, or it can take measures that can generate large corporate profits through the sale of emissions trading via green house emission reductions.