Ventura, CA- February 7th, 2011- Global Green Carbon Corporation (“Global Green Carbon”, “GGC” or the “Company”) announced today the opening of its West Coast office headquarters in Ventura, California.
California has become the leader in climate change legislation in the United States, and is an ideal location to launch Global Green Carbon’s domestic growth strategy. The decision to locate in Ventura is due to its central geographic location and its proximity to many potential carbon reduction project sites.
In 2006 California passed Assembly Bill 32 (“AB 32”), the Global Warming Solutions Act of 2006, which sets green house gas emissions to 1990 levels by the year 2020. To help achieve this ambitious goal, California has adopted a cap-and-trade program that has been developed and managed by the California Air Resources Board (“CARB”). Analysts estimate that the California carbon market will be valued in the billions of dollars by 2012, when the first tier of compliance mandates go into effect.
“California, with its history of being a progressive leader of climate change initiatives, has always been at the forefront of the climate change debate,” stated Kirsten McGregor, President of Global Green Carbon Corporation. “The implementation of AB 32 has not only signaled a paradigm shift in way nations deal with global climate change mitigation, but it also has positioned California to become the second largest carbon market in the world. Our new offices provide us with the ability to tap into this market and maximize our opportunities.”
ABOUT:
Global Green Carbon Corporation (GGC) is a world-wide project developer of carbon financed AFOLU (Agriculture, Forestry and Land Use) initiatives. Global Green Carbon’s unique integrated land management strategy addresses one of the primary causes of global warming, but also rehabilitates degraded ecosystems, conserves bio-diversity, regenerates dwindling water resources and provides employment for forest communities. For more information, visit www.globalgreencarbon.com