GWS Technologies, Inc. To Offer Carbon Offset Program
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GWS Technologies, Inc., (OTCBB: GWSI) a renewable energy technology company developing and marketing solar and wind-powered alternative energy products and solutions, today announced that it is developing a carbon offset program to help individuals and businesses participate in becoming "carbon neutral" by reducing 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. The program will include a web-based platform to allow individuals and businesses to calculate their carbon footprint and purchase carbon offsets. The company anticipates launching the platform in September 2008.
Carbon offsets are a way for governments, businesses and individuals to pay someone to reduce or remove global warming pollution by investing in alternative energy projects like wind farms or solar power generation. For example, when you buy one ton of carbon offsets, the seller guarantees that one fewer ton of global warming pollution is released into the atmosphere. While the pollution you produce yourself is the same, you get the credit for that one ton reduction (the average American is responsible for about 9.5 metric tons of carbon dioxide emissions annually).
"Since no one can live totally pollution-free, purchasing carbon offsets is a way for people and businesses to really contribute to reducing greenhouse gas emissions globally," said GWS Technologies President Richard Reincke. "Just like the microgeneration movement, which allows people to generate their own electricity on a small scale, purchasing carbon offsets lets everyone take some personal responsibility for protecting the environment."
In May 2008 the Energy Information Administration, which provides official energy statistics from the U.S. Government, stated that in 2004 the United States produced about 22 percent of global carbon dioxide emissions, primarily because the U.S. economy is the largest in the world and meets 85 percent of its energy needs through burning fossil fuels.
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 a renewable 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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