Individuals and organizations that want to see emissions permits taken off the market
can now purchase them online at Natsource’s Environmental Action desk. Greenhouse gas emission credits and SO2 credits are usually purchased by businesses that use them as a permit to pollute; in this case, purchasing them means making a direct contribution to cleaner air.
Says Jack Cogen, President of Natsource, “The Environmental Action Desk caters directly to these groups by leveraging our brokerage expertise in emissions markets and our global reach to create a user-friendly trading structure facilitating retail trades.” Retail trades are conducted on the site via e-mail or fax and are administered by a retail trading expert.
Environmental Club students from Los Altos High School (Los Altos, California) purchased the first GHG emissions reduction credits. They bought several hundred tons worth of credits generated by forest sequestration projects in Panama led by Futuro Forestal. The credits are verified by Centro Cientifico de los Tropicos, a nonprofit organization headquartered in San Jose, Costa Rica. The Environmental Club will permanently retire the credits.
The Center for Neighborhood Technology purchased several tons of SO2 credits. The Center, a nonprofit organization dedicated to sustainable urban development, will retire the allowances.
Natsource brokers energy related products and participates in the power, natural gas, coal, weather hedging and emissions allowance credit markets. Headquartered in New York, Natsource’s client base includes over 600 global utility, coal, oil and natural gas companies.
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