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Re: jawmoke post# 9485

Wednesday, 07/31/2013 12:16:27 PM

Wednesday, July 31, 2013 12:16:27 PM

Post# of 13573
In a nutshell, the producer (GECO) is removing carbon (greenhouse gases) when they remediate (make compost) chicken manure. This process earns them credits, which the broker (GSEN/GGVF) then sells to their carbon producing clients. Carbon producers, like coal burning energy companies, are charged a penalty fee for every ton of carbon they release, but they can offset these fees, which are substantial, by buying carbon credits from companies that have net reductions in carbon release. Simply put, it's a lot cheaper to buy the credits than pay the fines or upgrade their equipment. These exchanges are big everywhere else in the world, but now starting become popular in the US. Composting is at the top of the list for carbon value because the compost also increases the production of "green" plants, which by themselves remove carbon from the atmosphere. So it's a win-win for GECO's composting technology.