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Climate Clean Announces Agreement with EcoSecurities Group, Plc.

Submitted by: Climate Clean

Categories: Environment, Renewable & Alternative Energy

Posted: Jun 05, 2007 – 02:31 PM EST

 

Increasing Accountability within the US Voluntary Carbon Market

PORTLAND, OR- June 5, 2007 – As of April 24, 2007, US-based Climate Clean, LLC, has entered into an initial Verified Emissions Reduction Facility Agreement with Ireland-based EcoSecurities Group, Plc., a leading company in developing climate protection projects that effectively mitigate greenhouse gas emissions.

The Climate Clean, LLC, mission is to revolutionize the voluntary carbon market in the United States by working with American companies to embed the highest quality offsets of greenhouse gas emissions in the world into the consumer market. By using largely the same standards that guide The Clean Development Mechanism (CDM) of the Kyoto Protocol, American companies and consumers can be assured that the emission reductions that they are supporting are credible and verifiable.

"We were looking for stability and transparency, so EcoSecurities was a natural choice for us. They have a ten-year track record in developing emissions mitigation projects under the Kyoto Protocol. Like Climate Clean, they understand that the credibility of the voluntary market is based on high standards and rigorous oversight. As a publicly traded company in the environmental trading area, their reputation for environmental integrity is extremely important," said Stanley W. Fields, Chairman of Climate Clean, LLC.

EcoSecurities is a leading company in the greenhouse gas emissions reduction market and has been involved in the development of many of the global carbon market’s most important milestones, including developing the world’s first CDM project to be registered under the Kyoto Protocol and the first to receive issued carbon trading credits from the CDM.

"We're excited about this innovative transaction with Climate Clean, and look forward to working at the forefront of bringing quality emission reduction projects to the emerging voluntary carbon market in the United States and elsewhere," said Marc Stuart, Co-Founder and Director of New Business Development of EcoSecurities.

About Climate Clean, LLC

Climate Clean, LLC, in cooperation with California Environmental Associates and Dr. David Shearer, has prepared a rigorously defined scientific approach for offsetting greenhouse gas emissions that extends the principals of Kyoto into the U.S. voluntary market. Climate Clean has partnered with EcoSecurities Group, Plc. to establish a Verified Emission Reduction Facility that is exclusive to Climate Clean with respect to the mix of green house gases in the Facility. This “global forcing signature model” is specifically designed to address the earth’s imbalance of all six green house gases.

About Eco Securities

EcoSecurities is one of the world's leading companies in the business of originating, developing and trading carbon offsets. EcoSecurities has experience developing carbon offset projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency, and forestry. In 2006, EcoSecurities was voted ‘Best Project Develope' by both Point Carbon and Environmental Finance Magazine. With a network of offices and representatives in over 20 countries on five continents, EcoSecurities has amassed one of the industry’s largest and most diversified portfolios of carbon projects. Today, the company is working on 374 projects in 36 countries using 18 different technologies, with the potential to generate more than 163 million offsets. In the United States, EcoSecurities has offices in Los Angeles, New York Portland and San Francisco. EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO.L).

Additional resources:

Climate Clean web site: www.climateclean.net
EcoSecurities web site: www.ecosecurities.com

For more information, please contact:

Stanley Fields Climate Clean, LLC
Phone: 503.922.2105
David Niebauer Climate Clean, LLC
Phone: 415.519.2180

 

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