UN Approves the First CDM Methodology for Biomass Co-firing in Utility-scale Fossil Fuel Power Stations

DUBLIN, February 11 - EcoSecurities, a leading company in the business of sourcing and
developing emission reductions from greenhouse gas abatement projects, has
recently achieved successful approval of its eleventh methodology from the
Clean Development Mechanism Executive Board (CDM EB). Through a renewable
energy technology known as co-firing, the methodology permits the
substitution of coal with solid biomass fuels in grid-connected power plants,
reducing CO2 emissions and helping companies to meet their renewable energy
targets.

The methodology permits the co-firing of biomass in utility-scale power
plants to provide a portion of the heat to steam boilers. Biomass co-firing
creates emission reductions by displacing energy otherwise generated and
supplied by fossil fuels. Biomass residues are considered a source of
renewable energy in accordance with the CDM EB[1], however the methodology
requires that the biomass supplies are developed and maintained in a
sustainable and ecologically sound manner.

EcoSecurities has developed methodologies for many sectors and
technologies, such as renewable energy, reforestation, natural gas
electricity generation, composting, industrial wastewater management,
electrical equipment handling, landfill gas abatement and energy efficiency
in metallurgy. Nearly 20% of all valid methodologies for large scale CDM
projects under the CDM have been developed or worked on by EcoSecurities.

Paul Soffe, Associate Director at EcoSecurities, commented, "Biomass
co-firing is a very important technology for mitigating greenhouse gas
emissions on a large scale in coal power stations. Co-firing has been
deployed extensively in Europe and is beginning to emerge in the US. However,
the solid biomass supply markets remain underdeveloped which has restricted
the more wide-spread deployment of co-firing. The approval of this
methodology will help increase the production of renewable energy in the
developing world and drive the necessary finance for co-firing projects to be
implemented in countries with economies that remain heavily coal-dependant,
in particular, China, India and South Africa."

Notes to Editors:

About EcoSecurities:

EcoSecurities has spent the last 12 years focusing on climate change
mitigation activities and is now one of the world's leading organisations in
the business of sourcing and developing emission reductions. EcoSecurities'
emission reduction portfolio is one of the largest in the industry, covering
a wide range of technology types, geographical locations and standards,
including the CDM, Gold Standard and VCS. In addition, EcoSecurities provides
clients with carbon management services, helping them to understand and deal
with an increasingly carbon constrained world.

EcoSecurities Group plc is a wholly-owned indirect subsidiary of
J.P.Morgan. Additional information is available at
www.EcoSecurities.com.

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[1] Annex 18 of EB23 - cdm.unfccc.int/EB/023/eb23_repan18.pdf

    For further information:

    Naomi Stern
    Westgate
    +44(0)1732-779-087
    naomi@westgatecomms.com

    or

    Claire Davey
    Global Marketing Manager
    EcoSecurities
    +44(0)1865-202-635
    claire.davey@ecosecurities.com

For further information: Naomi Stern, Westgate, +44(0)1732-779-087, naomi at westgatecomms.com or Claire Davey, Global Marketing Manager, EcoSecurities, +44(0)1865-202-635, claire.davey at ecosecurities.com