GE and AES plan GHG offset partnership
Global power company AES and GE Energy Financial Services (GE EFS), a unit of General Electric, are to create a partnership to develop greenhouse gas (GHG) emission reduction projects in the US.
The deal is a significant step in voluntary US carbon reduction efforts, ahead of a widely expected mandatory federal scheme.
The new partnership plans to create an annual production volume of 10 million tonnes of GHG offsets by 2010 through the targeting of methane emissions – the warming potential of which is 21 times greater than carbon dioxide. The partnership is eyeing agricultural waste, landfills, coal mines and waste-water treatment as potential offset projects.
In addition to methane
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