Green Energy Plan to Reduce Climate Risk a Reality

Jun 07 - Business Wire

Green Energy Resources (nasdaq otc.pk GRGR) demand for UTCS environmentally certified wood biomass, has created an opportunity for big east coast cities and towns to develop markets for wood waste, reduce green house gases and minimize climate change.

Wood biomass for renewable energy exports, must meet UTCS (urban tree certification system), certified standards to qualify for the export market. Big cities and towns can become environmentally certified, through the purchase of a UTCS software program that provides step by step instructions on renewable energy portfolios, carbon sequestration strategies, and recycled wood. The program includes 3rd party inspections and chain of custody documentation procedures. It is scheduled to be ready for market by January 2006.

Green Energy Resources has supply contracts exceeding 50 million tons over the next 10 years. 10 east coast port facilities will be required to meet the demand of international renewable energy markets. Alternative energy is expected to be a boon to east coast ports from Miami to New York, in creating new jobs, providing taxpayer relief through landfill alleviation, as well as storm damage pressures, particularly present in Florida.

Wood biomass is the 4th largest fuel source in the world after, oil, gas and coal. It has potential application in over 60% of the total energy markets including, direct burn, co-firing, hydrogen applications, gasification, ethanol, and biodiesel. Wood biomass is 10 times larger than wind and solar energy markets combined. It was recently reported in Londons' Global energy innovation index (GEIX), that since the ratification of Kyoto treaty, biomass and biofuels stocks are the leading stock market winners up more than 34% around the world. A recognition by the international community of its critical importance in the renewable energy drive, to reduce global green house gas emissions. In New York last week, the Network on Climate Risk pledged over $1 billion dollars for investment in Renewable energy companys that reduce pollution and green house gas emissions. Most cities and towns are bond rated and may qualify for investment funding.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

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