1	Agricultural Offset Projects in the US
2	Environmental Credit Corp. Environmental Credit Corp. is a leading U.S. supplier of high quality environmental credits to emerging global financial markets. Funded by world’s largest private capital carbon fund, we are establishing a large and reliable source of carbon credits through cost-effective, long-term projects that reduce greenhouse gases. By creating economic value from environmental benefits, we are demonstrating our commitment to a sustainable balance between profitability and environmental stewardship - for us, our partners, our world.
3	Outline The US carbon market is rapidly emerging Frameworks for monetizing emission reductions from US offset projects are in place Farmers are getting paid for reducing GHG
4	Cap and Trade – Chicago Climate Exchange Pilot Phase, 2003-2006: Reduce emissions to 4% below 1998-2001 baseline Phase II, 2007-2010: Additional reductions to 6% below baseline by 2010
5	CCX Baseline Relative to Other Markets
6	Carbon Credits for Agriculture Implement technologies and/or practices that reduce GHG emissions or sequester carbon Potential Animal Ag GHG emission reduction credits Manure Management (methane, nitrous oxide) (üCCX) Enteric Fermentation (methane) Nutrient Management (nitrous oxide) Composting Cropping System (soil carbon sequestration) (üCCX) Forest Carbon Sequestration (üCCX) Transportation, machinery, heat energy utilization, etc.
7	ECC Carbon Credit Program
8	Agricultural Methane Capture – CCX Offsets Offset Aggregator Offset Provider ECC has CCX-registered projects in: Pennsylvania New York California Minnesota Washington Wisconsin Dairy and swine
9	Open-air manure lagoons (“baseline scenario”)
10	Covered manure lagoons (emission reductions)
11	Case Study - Pine Hurst Acres (Danville, PA) Stanley & Richard Crone 4,200 head finishing operation Manure previously pumped to open-air lagoon First CCX offset project registered in Pennsylvania First hog farm registered with CCX by aggregator (ECC)
12	Case Study - Pine Hurst Acres (Danville, PA) Installed anaerobic digester in 2004 24 kW generator 67 metric tons methane captured per year 1,200 metric tons CO₂e avoided per year
13	ECC Carbon Credit Program Eligibility Assessment Project Protocol Development Monitoring Plan Documentation/Reporting Verification CCX accredited third-party verifier Verification report Registration Submission to CCX CCX Offset Committee review and action NASD review CCX Registration Carbon Credit Asset Management
14	ECC Lagoon Cover Program Simple, reliable lagoon cover technology Low cost, effective Utilizes/improves existing facilities Builds on farmer’s investments in manure collection and storage Environmental benefits Air quality: greatly reduces odor, ammonia, particulate and greenhouse gas emissions Water quality (prevents storm water from entering lagoon) Economic benefits Generates carbon credits Provides additional farm income Opportunity for on-farm electricity generation and heat energy utilization
15	Public-Private Partnership Opportunities Technology development Offset protocol development Aggregation Verification