G.E. Announces the Earth Rewards "Green Credit Card. The Rewards are in the form of reliable greenhouse gas offsets - even the application process is GREEN (paperless).
To learn more --- Read on:
"New York, NY, July 25, 2007 – ... the GE Money Earth RewardsSM Platinum MasterCard,® the first US credit card dedicated to reducing cardholders’ carbon emissions through trustworthy and reliable greenhouse gas emission offsets."
" ... the first consumer finance product in GE’s ecomagination portfolio – allows users to reduce their carbon footprint by automatically contributing up to one percent of their card purchases to buy greenhouse gas (GHG) emissions offsets. ... making Earth Rewards their primary card, a typical consumer could ... offset a significant portion of their likely direct annual GHG emissions. The application process is 100 percent paperless, ...".
“ ... the consumer-focused, educational MyEarthRewards.com and ecomagination.com web sites highlight the ways that GE is helping customers meet their growing environmental needs.”
" ... Each Earth Day (April 22), those Rewards will be used to purchase and retire greenhouse gas emissions credits through GE AES Greenhouse Gas Services, a joint venture between GE Energy Financial Services and The AES Corporation, ... ".
“GE and AES are committed to reducing 10 million metric tons of greenhouse gases each year by 2010 – equal to taking nearly 1.8 million cars off the road annually, ...”.
"... consumers will be able to select ... a full one percent of their card net purchases to GHG emission reduction projects; or contribute ½ percent to reduction projects and receive ½ percent cash back through their monthly statements ... will be able to switch back and forth between reward programs whenever they choose... ".
Sounds great. What is the impact a typical consumer cam make based on selected spending?
"Purchase Amount - Environmental Impact"
"$25 - Offsets the emissions associated with running a typical refrigerator for a month."
"$500 - Offsets the emissions from driving nearly 1,500 miles in the average car."
"$750/month for one year - Offsets the direct emissions one consumer is likely to produce in a year."
"The Earth Rewards card was launched at 7 World Trade Center, New York City’s first high performance LEED-certified commercial building (“LEED” is the Leadership in Energy and Environmental Design Green Building Rating System™,... ".
For educational information: ecomagination.com
Via: G.E. NewsCenter.com Link