September 18, 2008

GHGS, Google Sign Agreement to Co-Develop Emission Reduction Projects

Greenhouse Gas Services, a venture between GE Energy Financial Services and electricity utility AES, has signed a master agreement with internet services major Google to co-develop projects that reduce greenhouse gas emissions and produce credits. The initial project will capture methane gas at the Mount Herman landfill in Caldwell County, North Carolina.

As one of the first emissions reduction co-development projects in the US, Greenhouse Gas Services (GHGS) will design, build and operate the facility that will capture more than 120,000 tons of landfill gas over 10 years.

The project will use the GHGS Standard of Practice to govern the creation, management and retirement of the credits. Google will add these offsets to its carbon portfolio to advance its goal of company-wide carbon neutrality.

GHGS will capture the methane gas emitted by the Mount Herman landfill to generate greenhouse gas (GHG) credits, and will work with an independent third party certifying the scientific integrity of the avoided emissions.

This is a closed landfill that is not required to capture the methane gas released. The captured methane gas will be destroyed by flare or converted to a fuel source to power a new research greenhouse.

Mauricio Vargas, CEO of GHGS, said: "We are working with Google at the site level to create GHG credits that are certified to our Standard of Practice, ensuring they represent a real and permanent reduction in greenhouse gas emissions."