Green Gas Reduction Credits Available

Approximately 100,000 to 150,000 tons per year of greenhouse gas emission reduction credits (ERCs) will become available for acquisition through purchase or trade from CommonWealth Resource Management Corporation beginning in the third quarter of 2003, and continuing through 2015, the company said.

Boston, Massachusetts – May 2, 2003 [SolarAccess.com] Measured as “CO2-equivalent” emissions reductions, the credits are being generated through the destruction of landfill gas at a New England-based project owned and operated by a CommonWealth subsidiary. The principal component of landfill gas is methane, a potent greenhouse gas. Since early 2001, ERCs generated by the subject project have been purchased on a continuing basis by the operator of a large merchant power plant in fulfillment of a licensing requirement expected to be satisfied by the middle of this calendar year. Unlike emission offsets associated with carbon sequestration programs, ERCs associated with the destruction of landfill methane offer the advantage of being readily quantifiable and verifiable, and are typically generated contemporaneously with the greenhouse gas emissions that buyers of carbon credits are seeking to offset. In addition to the ERCs that will be available going forward, CommonWealth is the owner of record of approximately 250,000 tons of CO2-equivalent emission reductions from the years 1998 through 2000 registered with the Energy Information Agency (“EIA”) of the U.S. Department of Energy under the EIA’s program for Voluntary Reporting of Greenhouse Gases (the so-called “1605(b)” program). CommonWealth is offering these “vintage” credits for sale or trade on favorable terms relative to the market for future credits, and is willing to donate them as a charitable contribution to certain qualified organizations. Parties with an interest in acquiring future or vintage CO2-equivalent ERCs through purchase, trade or donation are encouraged to e-mail Anton Finelli (afinelli@crmcx.com) or call (617) 327-8146. CommonWealth Resource Management Corporation is a Boston-based management and environmental consulting firm focusing on issues and opportunities related to resource conservation, recovery and utilization. The firm is also a developer of specialized energy and environmental projects on its own and through strategic partnerships.
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