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$1m to buy back carbon credits<---http://www.sunpower.com.sg/
By Judith Tan
May 27, 2010
HOME grown solar energy company is giving back to the environment by offering to buy back carbon credits of its products.
Hyland Sunpower Station has put aside $1 million to do just that.
Carbon credit is the value assigned to a reduction of greenhouse gas emission.
A carbon credit, or a lowering of about 1,000kg of carbon dioxide emissions, is worth $50.
Hyland's marketing director Katrina Wang said the company expects about 500 applications for carbon credit reimbursement by July, which would amount to 20 to 30 per cent of the $1 million set aside.
Hyland made the announcement at a press conference on Thursday.
By Judith Tan
May 27, 2010
HOME grown solar energy company is giving back to the environment by offering to buy back carbon credits of its products.
Hyland Sunpower Station has put aside $1 million to do just that.
Carbon credit is the value assigned to a reduction of greenhouse gas emission.
A carbon credit, or a lowering of about 1,000kg of carbon dioxide emissions, is worth $50.
Hyland's marketing director Katrina Wang said the company expects about 500 applications for carbon credit reimbursement by July, which would amount to 20 to 30 per cent of the $1 million set aside.
Hyland made the announcement at a press conference on Thursday.
