Gul Ahmed to implement carbon credit project: accord inked with EcoSecurities

EcoSecurities Group plc, one of the leading companies in the business of sourcing, developing and trading carbon credits, has signed an agreement with Gul Ahmed, one of Pakistan's leading textile companies, to develop a greenhouse gases emission reducing project and purchase the carbon credits generated.
Gul Ahmed aims to reduce its emissions by installing clean technology that would significantly lower its consumption of carbon-intensive fossil fuels. EcoSecurities will help Gul Ahmed to generate additional revenue by ensuring that the project successfully navigates its way through the Clean Development Mechanism (CDM) of the Kyoto Protocol.
The CDM supports the development of carbon credits from emission reducing projects in the developing world for sale to industrialised countries with strict emission targets. As a signatory to the Kyoto Protocol, Pakistan is eligible to host projects that use private investment to help reduce emission of greenhouse gases. Companies that invest in renewable energy sources, improvements in efficiency, and emission reduction technologies are eligible to earn carbon credits.
"We are thrilled to be working with Gul Ahmed in Pakistan", said Pedro Moura Costa, President of EcoSecurities. "Their commitment to quality and social and environmental responsibility makes them an ideal partner for developing carbon credits".
"We are proud to be the first textile firm in Pakistan to implement a carbon credit project", said Zain Bashir, Director of Gul Ahmed. "We are already discussing other projects with EcoSecurities, so we are excited about the opportunities that carbon credits present. Gul Ahmed's vision for the future is to be a green company that is environment-friendly, socially responsible and highly efficient", he added.-PR