GWS Technologies, Inc. Now Accepting Carbon Offset Project Submissions
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GWS Technologies, Inc., (OTCBB:GWSI) an alternative energy technology company developing and marketing solar and wind-powered renewable energy products and solutions, today announced that it is accepting project submissions from businesses and individuals in the agricultural, forestry, waste management and renewable energy sectors for its carbon offset program. Projects that sequester, destroy or displace greenhouse gas emissions are eligible and can be submitted via the company's website at www.greenwindsolar.com.
Carbon offsets help individuals and businesses participate in becoming "carbon neutral" by investing in alternative energy projects like wind farms or solar power generation. By purchasing carbon offsets, consumers and businesses can reduce their "carbon footprint," which is the total contribution to the carbon dioxide level from such activities as industrial energy consumption, home energy consumption, driving and flying.
Qualified project types include wind power, solar power, hydropower and biofuel projects, as well as energy efficiency and fuel switching programs, which are evaluated on the basis of CO2 emissions associated with fossil fuel based electricity. The company also invites the submission of other greenhouse gas reduction projects, such as agricultural methane collection at livestock operations and reforestation projects, for inclusion in its carbon offset program. Once accepted, all projects are subject to independent third-party verification.
"In addition to our microgeneration product lines, we plan to become an offset aggregator, which is an entity that serves as the administrative representative for multiple carbon offset-generating projects on behalf of multiple project owners," said company President Richard Reincke. The company is also applying for participation as an offset aggregator on the Chicago Climate Exchange, North America's only active, voluntary integrated carbon trading system, which has offset projects worldwide.
The current American carbon market is unique because there is no federal legislation providing a comprehensive framework for carbon management. Experts predict that the North American carbon market could become a $1 Trillion per year market.
About GWS Technologies, Inc.
GWS stands for GreenWindSolar. We are an alternative energy technology company developing and marketing solar and wind-powered renewable energy products and solutions. Our products and solutions are part of the new microgeneration movement that is transforming the way everyday people provide for their energy needs. Through a growing line of solar and wind-powered products ranging from handheld devices that can recharge an iPod to wind turbines for point-of-use alternative energy generation, GWS is leading the way in the emerging microgeneration marketplace. The company was founded in 2005 and is headquartered in Scottsdale, Arizona.
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