The company is conducting preliminary discussions with industrial entities in China and throughout Asia that are keen on reducing greenhouse gas emissions by financing emission reduction projects that in-turn generate carbon credits.
Dynamic Applications then participates in the project by facilitating the sale of the newly generated carbon credits on the open carbon trading market.
The carbon emissions trading program established under the Kyoto Protocols were put into effect in 2005. These protocols were signed by over 185 nations with the aim to combat global greenhouse gas emissions.
As such, a country may only exceed its emissions quota if excess carbon credit allowances are purchased from another entity.
Asher Zwebner, chief financial officer of Dynamic Applications, said: “The carbon trading market is a multi-billion dollar industry, with tremendous growth potential and minimal competition. There are relatively few companies that are able to generate carbon credits by financing private emissions reduction projects.
“Dynamic Applications continues to negotiate towards lucrative carbon credit generating projects in China and throughout Asia. And we look forward to updating the market with continued developments.”
