SOURCE: Green Energy Resources

February 26, 2007 08:49 ET

Green Energy Resources to Offer Carbon Offset Credits

The Urban Tree Certification System (UTCS) Reduces Carbon by Planting Trees and Eliminating Wood Waste From Landfills

NEW YORK, NY -- (MARKET WIRE) -- February 26, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) will offer "Carbon Offset" credits through its Urban Tree Certification System (UTCS). Green Energy Resources UTCS urban forest management plan reduces carbon from the atmosphere by planting trees and taking wood waste from landfills and turning it into renewable energy. UTCS is designed to create a self-sustaining and revenue generating mechanism to plant millions of trees a year to create carbon sequestration in cities and suburbs. The company will sell the credits to the public, industry and the investment community. UTCS has strict and verifiable standards with measurable results where carbon reductions are permanent, quantifiable and scaleable. The plan calls for every credit to be certified and authenticated. Green Energy Resources plans include retirement accounting of the carbon reductions from the atmosphere and a registry of every city and town that enrolls in UTCS. The Sale of Carbon Offset credits is anticipated to generate millions of dollars annually for the company in conjunction with each ton of biomass it sells.

The Carbon Offset market according to the World Bank, ranged from $.65 cents - $9.36 Per tonne of CO2 during 2005. A more recent survey conducted by the UK company Context found credits were sold to the public between $4 - $50 per tone of CO2. The creation of a viable business model for local, state and city governments in the US creates a bonafide self-sustaining renewable energy plan from biomass without the need to cut global forests. UTCS plan does not include RECs (Renewable Energy Credits) but rather sells to the power generator who earns the RECS. Green Energy Resource plan can be used voluntarily (VCS), sold in US regional markets or under the EU scheme because of its export of biomasse for energy over seas.

About Green Energy Resources

Green Energy Resources is a consultant to governments and the power generation industry on carbon reduction strategies. Green Energy Resources supplies 100% environmentally certified wood biomass. The company utilizes diverse sourcing for mitigated risk management. Green Energy Resources exclusive urban forest management plan, the Urban Tree Certification System (UTCS) is designed to solve the demand for wood biomass for energy through maximized resource utilization of urban and suburban wood waste streams to preserve global forests not cut them.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

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