Carbon mitigation, carbon market opportunities for biofuels

Biofuels Digest
April 27, 2010 Jim Lane

In Washington at the Advanced Biofuels Leadership Conference, Rick Gilmore, President/CEO of The GIC Group discussed possible carbon mitigation strategies which the biofuel industry could pursue as U.S. regulations and mandates come online. Of key interest to industry players, Gilmore highlighted the potential revenue gains which biofuels stand to receive through carbon markets. “All of these new biofuel production technologies, improved feedstocks, yield increases- these are efficiency gains; and our GIC-ACI (Ag Carbon Index) measures that increased value and maximizes that value over time,” said Gilmore. The GIC-ACI is a first mover product that responds to a missing link in the low-carbon economy and will facilitate the biofuel industry in meeting marketplace challenges. According to Gilmore, GIC’s index provides all players in the biofuel and agribusiness sector a benchmark and a hedging vehicle for carbon offset opportunities worldwide.

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