NativeEnergy, a national renewable energy company, is supplying Renewable Energy Credits or "Green Tags" to neutralize all carbon dioxide (CO2) pollution generated by travel and venue energy use for the 2005 Institutional Investors Summit on Climate Risk, the first "climate neutral" event ever held at U.N. Headquarters.
CHARLOTTE, Vermont — NativeEnergy, a national renewable energy company, is supplying Renewable Energy Credits or "Green Tags" to neutralize all carbon dioxide (CO2) pollution generated by travel and venue energy use for the 2005 Institutional Investors Summit on Climate Risk, the first "climate neutral" event ever held at U.N. Headquarters. The event was essentially powered with wind power.
Throughout the day today top institutional investors representing more than $5 Trillion in assets will discuss the financial risks and the investment opportunities posed by global climate change during an invitation-only summit at U.N. Headquarters in New York City. The Summit was organized by Ceres, the coalition of investor and public interest groups, who is co-hosting the event with the United Nations Fund for International Partnerships.
"We're very proud to have the opportunity to help Ceres green-up the energy for this extraordinary event at United Nations Headquarters, and we hope this summit fuels greater interest in the potential of new renewable energy projects," says NativeEnergy President and CEO Tom Boucher.
Ceres purchased the equivalent of 180 tons of Green Tags, the Summit's estimated total carbon footprint, from NativeEnergy to help demonstrate how renewable energy is already being employed by environmentally and socially responsible organizations around the world to meet the growing demand for energy without contributing to global climate change. In April, Ceres neutralized all CO2 from its annual conference with NativeEnergy's Green Tags.
Ceres' Green Tags purchases will help build new renewable energy projects, like the Rosebud Sioux Tribe Wind Farm in South Dakota. Once operational, the nation's first and only Native American owned wind farm will generate electricity that would otherwise have to come from a coal burning facility on the regional grid. When polluting energy generators run less, they emit less CO2. By helping build new renewable energy projects, Ceres and the U.N. Fund for International Partnerships have the same global warming impact as powering the Summit and their travel with wind energy.
About NativeEnergy: NativeEnergy is a national marketer of renewable energy credits or "green tags," offering individuals and organizations a means to compensate for their global warming pollution, or to effectively power their homes and businesses with renewable energy. NativeEnergy's patent-pending business process provides the highest level of "additionality" - bringing upfront payment to renewable projects for their future green tag output, enabling its customers to help directly to finance the construction of new wind farms and other renewable energy projects, such as tribal wind projects and methane digesters on Pennsylvania family dairy farms, which directly reduce our reliance on fossil fuels to meet the nation's electricity needs.
About Ceres: Ceres is a coalition of 85 environmental, investor, labor and advocacy groups working together to increase corporate responsibility worldwide. Investor members represent more than $300 billion in assets. Since its founding in 1989, Ceres has persuaded dozens of companies to endorse the CERES Principles, a ten-point code of environmental conduct and publicly report on their performance. More recently, Ceres convened and led the Global Reporting Initiative (GRI) with the United Nations Environment Program, until it became an independent, international organization in June 2002.