As part of Genalta Power's solution, we bring full Greenhouse Gas (GHG) accreditation and registration services. Governments worldwide are realizing the importance of reducing GHG emissions and have started taking steps to control emissions. In 2007, Alberta became the first jurisdiction in North America to impose regulations requiring large facilities (emmissions of more than 100,000 tonnes of GHG annually) to cut their GHG emissions by 12% per year. In addition, the British Columbia Greenhouse Gas Reduction Target Act requires that the provincial government and all provincial public service organizations be carbon neutral by the beginning of 2010. These requirements are now forcing companies to aggressively seek ways to cut their GHG emissions.
A 2007 study by McKinsey & Company on reducing U.S. GHG emissions shows that under proper market conditions, heat recovery can deliver CO2 reductions at a negative marginal cost for both the commercial and industrial sectors. This means that investing in heat recovery technology generates positive economic returns over the technology's life cycle. The McKinsey study further shows that based on the current price and performance of various technologies, investing in heat recovery has an economic advantage over many other environmentally-friendly technologies. Genalta Power has determined that the same benefits exist within the waste gas and waste pressure applications.
The Climate Change Centre of Alberta has positioned the carbon offset credits at $12 - $15 per tonne.
For more information on Genalta Power's Waste Energy to Power Solutions, feel free to contact us at info@genaltapower.com.