Pitney Bowes Purchases Green Power
Sep 22, 2003
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Pitney Bowes Inc., a global provider of integrated mail and document management solutions, has committed to support the generation of environmentally friendly renewable electricity by participating in Atlanta, GA, U.S.-based Sterling Planet, Inc.'s Green America(TM) program. This program allows companies to purchase tradable renewable energy certificates that represent the environmental benefits created when power is generated from renewable resources. For every unit of renewable electricity generated by a participating utility, an equivalent amount of renewable certificates is produced and can be traded among various "green power" market participants. As one of the first of those participants, Pitney Bowes said it has committed to purchase an amount of certificates equivalent to 10 percent of its annual U.S. and UK home office consumption of electricity generated from conventional resources. According to Pitney Bowes, this action will help further establish the corporate market for renewable energy sources, such as wind, geothermal, biomass, and landfill gas, which, in turn, should produce local and global environmental benefits such as reducing regional air pollution.

Pitney Bowes is a founding member of the Green Power Market Development Group, reportedly the first commercial and industrial partnership dedicated to building corporate markets for green power.

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