September 09, 2004

RenewableEnergyStocks.com Reports: 7th Annual Greenhouse Gas Technologies Conference focuses on 'Carbon Capture and Storage' technology to reduce CO2 emissions

POINT ROBERTS, WA.; September 09, 2004 - www.RenewableEnergyStocks.com, reports on the 7th Annual Greenhouse Gas Technologies Conference focuses on 'Carbon Capture and Storage' technology to reduce CO2 emissions in a special feature by reporter Allen Gibson.

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Green Energy Resources (OTC.PK: NYIL) (Formerly New York International Log & Lumber Co), sells biomass wood products created from tree trimmings, industrial waste wood, wood from demolition and construction sites, and other materials that currently burden landfills and waste systems. www.InvestorIdeas.com/CO/NYIL/Default.asp

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Excerpt from: 7th Annual Greenhouse Gas Technologies Conference focuses on 'Carbon Capture and Storage' technology to reduce CO2 emissions.

One of the keys to reducing greenhouse gas emissions, if the 7th annual Greenhouse Gas Technology conference held this week in Vancouver is any indication, will be the simple expedient of pumping Carbon Dioxide back into the ground!
Carbon Capture and Storage (CCS) is a technology undergoing massive RD&D activities world-wide. In Europe, Asia, and North America, scientists are busy working out how to safely and economically inject massive amounts of CO2 into underground and underwater geological reservoirs.
"The main priority for CO2 storage is to establish its credibility and acceptance as being safe and reliable in the long-term," according to www.co2sink.org. "The fact that natural CO2 reservoirs exist over geological time-scales supports this." And, they say, there is enough storage potential to sock away a couple of hundred years worth of human emissions. If so, the process can't start soon enough, according to the Conference's keynote speaker:
"Kyoto is not enough. Unless government policy revisions are made, the future does not look good," says Marianne Haug, the Director of the Office of Energy Efficiency, Technology, and R&D for the International Energy Agency (IEA).
She says CCS is but one of the technologies that will be needed to address our steadily increasing output of greenhouse gases. And while she calls CCS "one of the most promising technologies for a cleaner future for our children," she notes that what is needed is a "quantum jump" in greenhouse gas reduction. Something comparable to eliminating five thousand 1-gigawatt electricity plants! To that end, all of the alternative energies, including solar, wind, and nuclear, will be required.
The IEA's yearly "Energy Outlook" suggests that energy consumption globally will increase by 1.7% per annum through 2030. And while that is a slower growth rate than the past couple of decades, we are still looking at a 32% increase in CO2 emissions by the end of this decade!

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RenewableEnergyStocks.com, a global investor and industry news portal offers research resources, news, exclusive articles, a directory and links to public companies within the renewable energy sector, as well as featured company sponsors.