Sep 7 2010
ECCO2 Corporation along with the Haitian Government have entered into a cleantech project valued at $1.5 billion towards discussions for reducing the carbon emissions as well as stimulating the economy.
Termed as “ECCO2 Haiti Project”, talks are currently underway between ECCO2 and the Haitian Government. Earlier this year, a catastrophic earthquake in Haiti devastated the economy and the talks are in consequence of redeeming the Haitian economy while reducing carbon emissions.
Since 2005, Haiti has remained a member of Kyoto Protocol having a current carbon footprint rating of ten million metric tons annually. Over the next decade, the ECCO2 Haiti Project is expected to offset CO2 emissions to the extent of approximately 80 million of metric tons. This, in turn, will be generating CER (certified emission reduction) having a present value of around $1.5 billion while being sold off to investment banks, trading firms as well as non-profit organizations towards developing the Haitian economy.
This ECCO2 Haiti Project will be providing plenty of employment opportunities as well as promising a potential for Haiti’s economic growth while restoring the country’s infrastructure. The final details of the project are still under discussions while the negotiations are expected to get completed in the coming few weeks in an effort to introduce this cleantech program.
Source: http://www.ecco2usa.com/