Green Energy Solution Industries, Inc. Looks to the $122.28 Billion Dollar Carbon Credit Global Market as Revenue Enhancement
January 12 2012 - 9:28AM
Marketwired
Green Energy Solution Industries, Inc. (PINKSHEETS: SATM) announces
that they will look to enter the global Carbon Credit market as
part of the Western Climate Initiative (WIC). Carbon markets across
the world were valued at 96 billion euros ($122.28 billion) last
year, up 4 percent on 2010. GESI will look to its waste rail tie to
energy production to enter and enjoy this revenue enhancer.
According to recent news; "British Columbia, Ontario and
Manitoba, who along with Quebec are all members of the Western
Climate Initiative (WCI), have all announced plans to introduce cap
and trade programs (and are currently at different stages of
legislative progress on these promises), but Quebec continues to
lead on implementation and will almost surely become the first
province with an enforced cap-and-trade program."
(http://www.ctv.ca/CTVNews/Politics/20111215/quebec-starts-cap-and-trade-with-california-111215/)
In regional markets Carbon Credits suffered a slight decline in
Europe, yet enjoyed an increase from 2010-2011 in North America.
Other news articles suggest that the volume of permits and credits
traded could reach 179 million tons, valued at $782 million. It has
also been predicted that the WCI will become the biggest North
American market by value. In so doing it will overtake the RGGI, an
agreement between nine north-eastern states. Point Carbon predicts
that the WCI will distribute 24 million metric tons of allowances
later this year in California and Quebec, for use in 2013."
(http://www.environmentalleader.com/2012/01/11/carbon-trading-to-double-in-north-america-this-year/)
CEO Gordon MacKay states, "The Carbon Credit global market
represents another revenue generating opportunity we will look to
add to our business and revenue stream. We do not anticipate any
problems with our primary business objectives sufficiently
enhancing our balance sheets; however, it is comforting to
management and shareholders alike to know we have diverse options
when it comes to potentially improving cash flow."
For more information please reference the following articles:
http://www.environmentalleader.com/2012/01/11/carbon-trading-to-double-in-north-america-this-year/
http://www.chicagotribune.com/business/sns-rt-us-carbon-value-pointcarbontre8091n7-20120110,0,3032906.story
http://www.ctv.ca/CTVNews/Politics/20111215/quebec-starts-cap-and-trade-with-california-111215/
http://www.mondaq.com/canada/x/160394/Climate+Change/CapAndTrade+Regulations+Come+Into+Force+In+Quebec
About GESI Green Energy Solution
Industries, Inc. is a project developer for renewable energy
projects in Canada. Utilizing in-depth due diligence, GESI has
developed business plans, contracts and agreements with resource
providers, land owners, waste sources, technology providers, and
government entities for the placement of renewable energy projects.
GESI is now a public company with administrative offices in
Houston, Texas, and operations in Alberta, Canada. For More
Information on GESI see the web site at www.gestechnologies.com
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "projected,"
"suggests," "may," "should," "could," "intends," or similar
expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results to be materially different from any future results,
performance or achievements expressed or implied by such
statements. In particular, management's expectations could be
affected by, among other things, uncertainties relating to our
success in completing acquisitions, financing our operations,
entering into strategic partnerships, engaging management and other
matters disclosed by us in our public filings from time to time.
Forward-looking statements speak only as to the date they are made.
The Company does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made.
Contact: Ian Reed 585-520-2102
investorsdevelopmentgroup@gmail.com