FOR IMMEDIATE RELEASE
Toronto, Canada
December 21, 2004

GHGx Unveils Emissions Trading System to Aid in the Fight Against Global Climate Change

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GHGx© Corporation – (Greenhouse Gas Exchange) – today announces the successful demonstration of the world’s first real-time, on-line trading platform for greenhouse gas emission credits as mandated under the Kyoto Protocol, which becomes international law on February 16th, 2005.

John Kourtoff, a director of the Toronto-based company, stated that “The GHGx greenhouse gas emissions trading exchange provides a comprehensive, global solution to the real-time trading of greenhouse gas emission credits. A properly structured global exchange, built on open standards and accessible via standard web browsers, will provide buyers and sellers from around the world with an open, transparent and verifiable ‘best price’ for emission credits.” He went on to state that: “The GHGx exchange is the world’s first on-line, real-time exchange built after the widespread adoption of the Internet designed specifically for a new ‘global commodity’ – Greenhouse Gases.”

A trade was demonstrated that transferred credits representing 10,000 metric tonnes (1 metric tonne = 1,000 kilograms) of carbon dioxide between an anonymous buyer and seller. The trade took place at a price of CDN$7.05 per ton and at a transaction cost of 14¢ per tonne (2% of the traded value).

Emission credits (sometimes referred to as Kyoto Credits or carbon credits) are a creation of the Kyoto Protocol, the international agreement aimed at reducing the amount of carbon dioxide and other greenhouse gases released by human activity into the atmosphere. The excessive release of these gases is considered to be the main cause of adverse global climate change.

By creating a fast, efficient, transparent, and low-cost market for trading emission credits, GHGx is playing an important role in the development of low-emission energy alternatives in Canada and around the world.

About GHGx Corporation
GHGx Corporation (Greenhouse Gas Exchange) is the world’s first global, real-time, open standards-based, greenhouse gas emission credit trading system. GHGx provides secure data transmission with any locally developed national emissions registries and has developed a Kyoto-specific, standards-based registry for countries seeking Kyoto-mandated implementations.

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GHGx Corporation