Monday, November 05, 2007

Congress Buys CO2 Offsets For Capitol Power Plant

The CEO of the U.S. House of Representatives purchased 30,000 tons of carbon dioxide (CO2) for $89,000 from the Chicago Climate Exchange (CCE). They appear to have paid a little more because the CCE price per ton for credits is now $2.00 per ton, which would be $60,000. House Speaker Nancy Pelosi has vowed to make the House green by the end of 2008. The CEO chose the CCE instead of another service that offers specific credits for specific technologies. Congress has yet to establish a mandatory carbon trading program for the country. (The Washington Post)

We have established a service to provide CO2 credits based on nuclear power. Our program is similar to the CCE in that it is voluntary. The Center is still trying to get a nuclear company to agree to provide carbon dioxide offset credits based on uprates, license renewals and construction of new nuclear power plants. The Center's credit sell for $10 per ton through our Green Carbon Bank. We hope to also offer nonnuclear credits through out Carbon Mercantile Exchange.

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