General Electric and AES Corp. said Tuesday they will create a partnership to develop greenhouse gas emission reduction projects in the United States.
GE said the partnership would look to create an annual production volume of 10 million metric tons of greenhouse gas offsets by 2010, primarily through the reduction of emissions of methane – a greenhouse gas with a warming potential 21 times greater than carbon dioxide.
Projects to capture and destroy methane emissions would include agricultural waste, landfills, coal mines and wastewater treatment. In addition to methane-based projects, the partnership may pursue development of offsets through energy efficiency projects and electricity generation from renewable sources.
The partnership would sell offsets from these projects to commercial and industrial customers seeking to reduce the environmental impact of their operations or to provide climate-friendly products or services to their customers.
The companies would invest in projects using equipment from a variety of manufacturers, potentially including GE products certified by its ecomagination program.
