CRS Press Release:CRS Releases New White Paper on Energy Saving Certificates

CRS RELEASES NEW WHITE PAPER ON ENERGY SAVINGS CERTIFICATES

SAN FRANCISCO, CALIF (May 29, 2007) -- The Center for Resource Solutions (CRS) announced today the release of a white paper entitled "The Potential for Energy Savings Certificates (ESC) as a Major Tool in Greenhouse Gas Reduction Programs." The paper, an investigation of ESCs (also called "white tags") was funded by the Henry P. Kendall Foundation and co-authored by Dr. Jan Hamrin, Dr. Ed Vine, and Amber Sharick.

The paper examines the status of energy savings certificates in Europe and the United States and assesses their potential use to help fight global climate change by stimulating increased energy efficiency. While energy efficiency measures have been touted as a critical component for greenhouse gas reduction for years, this report is the first investigation of the potential for ESCs to help boost energy efficiency's contribution to climate change mitigation.

"This is a good piece of work and very timely in terms of the interest which Congress, advocates and many states have in pursuing energy efficiency/climate solutions," said Rob Pratt, senior vice president-Climate Change/Energy, Henry P. Kendall Foundation. The report concludes with a "roadmap" that lays out the issues and possible solutions for implementing energy savings certificates as a tool to support: national energy efficiency programs, energy savings portfolio standards, and as a tool for attracting financing for hard to reach energy efficiency measures. The Executive Summary as well as the full paper is posted on the CRS website.

About the Center for Resource Solutions
The Center for Resource Solutions (CRS) is a San Francisco-based nonprofit with a global impact. CRS brings forth expert responses to pertinent climate change issues with the speed and effectiveness necessary to provide real-time solutions to ongoing environmental problems. CRS' leadership through collaboration and environmental innovation builds policies and consumer protection mechanisms that foster healthy and sustained growth in national and international markets for environmental solutions to climate change. Visit: www.resource-solutions.org.

About the Henry P. Kendall Foundation
The Kendall Foundation began with an emphasis on environmental concerns in the early 1970s by supporting land, water and wildlife conservation to protect nature's integrity. Currently, the Foundation's top priority is its Climate Change - Northeast program, which seeks to demonstrate that reducing greenhouse gas emissions is technically feasible, economically beneficial, politically supportable, and potentially replicable in other regions. For more information, visit: www.kendall.org.