JSM Financial: EcoSecurities promotes biomass-coal mix to cut Co2 emissions.

PRLog (Press Release) - Feb 22, 2010 -
JSM Financial has learned that EcoSecurities Group Plc, the emissions investment firm bought by JPMorgan Chase & Co in the second half of last year, has announced that mixing biomass with coal could result in preventing “tens of millions” of tons of CO2 from being released into the atmosphere.

EcoSecurities‘s “co-firing” process was awarded United Nations approval in December last year. The process sees organic matter such as wood-chip, straw, and sugar cane waste mixed with conventional coal and burned to generate energy. The co-firing process will enable EcoSecurities to earn tradable emission credits for what JSM Financial believes an associate director at the firm termed one of the most important ways for reducing carbon dioxide emissions.

In Europe there has been a steady growth in the markets of woodchip, straw and other biomass products after the European Union adopted targets aimed at increasing renewable energy production for the block.

The United Kingdom awards subsidies for co-firing, dependant on how much biofuel is used to replace coal.

It is hoped that the larger coal dependent nations such as South Africa, China, Indonesia and Chile would look at co-firing to reduce their carbon emissions as part of the Copenhagen Accord emissions targets, JSM Financial was informed.

The EcoSecurities co-firing method can now earn Certified Emissions Reduction credits under the Kyoto Protocol’s Clean Development Mechanism, the globes largest emissions trading system after the EU’s Emissions Trading Scheme.