Method and system for banking and exchanging emission reduction credits
First Claim
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1. A method for registration of carbon sinks comprising renewable energy and emission reduction systems, wherein a carbon sink represents an asset in an account, the method comprising:
- (a) receiving information to identify a customer account;
(b) receiving input to identify type of carbon sink;
(c) receiving input data used to calculate emission reduction provided by the carbon sink;
(d) calculating an emission reduction credit (ERC) value representative of the renewable energy and emission reduction provided by the carbon sink;
(e) crediting a percentage of the ERC value to the customer account.
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Abstract
The present invention provides a system and method of for the banking and trading of emissions reductions credits ERC'"'"'s and a computer site therefore. The system and method of the present invention utilizes a global communication network to trade ERC'"'"'s.
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Citations
43 Claims
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1. A method for registration of carbon sinks comprising renewable energy and emission reduction systems, wherein a carbon sink represents an asset in an account, the method comprising:
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(a) receiving information to identify a customer account;
(b) receiving input to identify type of carbon sink;
(c) receiving input data used to calculate emission reduction provided by the carbon sink;
(d) calculating an emission reduction credit (ERC) value representative of the renewable energy and emission reduction provided by the carbon sink;
(e) crediting a percentage of the ERC value to the customer account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 16, 17, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 36, 37, 38)
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12. A method for registration of a carbon source, wherein a carbon source represents a liability in an account, comprising:
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(a) receiving information to identify customer account;
(b) receiving input to identify type of carbon source;
(c) receiving input data used to calculate energy consumption and emissions output of the carbon source;
(d) calculating greenhouse gas (GHG) emissions value produced by the carbon source; and
(e) debiting the GHG value from the customer account.
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18. A method for tracking emission reduction credits between sellers and purchasers, wherein the emission reduction credits assigned to a carbon sink represent an asset in an account, comprising:
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(a) registering for a seller a carbon sink comprising renewable energy and emission reduction systems wherein an emission reduction credit (ERC) value representative of the renewable energy and emission reduction provided by the carbon sink is assigned to the carbon sink;
(b) assigning a unique identification to the emission reduction credit (ERC) value of the seller;
(c) making the ERC value for the carbon sink available for purchase;
(d) receiving a purchase request from a purchaser for the ERC value;
(e) matching the unique identification to an identification of the purchaser;
(f) crediting the ERC value to an account of the purchaser as an asset.
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33. A computer system for registration of carbon sinks comprising renewable energy and emission reduction systems, wherein a carbon sink represents an asset in an account, the system comprising:
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input device for receiving information to identify a customer account;
receiving input to identify type of carbon sink; and
receiving input data used to calculate emission reduction provided by the carbon sink;
processor for calculating an emission reduction credit (ERC) value representative of the renewable energy and emission reduction provided by the carbon sink; and
crediting a percentage of the ERC value to the customer account associated with the carbon sink; and
display for displaying customer accounts. - View Dependent Claims (34, 40)
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35. A system for tracking emission reduction credits between sellers and purchasers, wherein the emission reduction credits assigned to a carbon sink represent an asset in an account, comprising a computer processor programmed to:
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(a) register for a seller a carbon sink comprising renewable energy and emission reduction systems wherein an emission reduction credit (ERC) value representative of the renewable energy and emission reduction provided by the carbon sink is assigned to the carbon sink;
(b) assign a unique identification to the emission reduction credit (ERC) value of the seller;
(c) make the ERC value for the carbon sink available for purchase;
(d) receive a purchase request from a purchaser for the ERC value;
(e) match the unique identification to an identification of the purchaser; and
(f) credit the ERC value to an account of the purchaser as an asset.
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39. A computerized storage and retrieval system for exchanging emission reduction credits (ERC) values associated with a carbon sink, representing an asset in an account, for GHG values associated with a carbon source, representing a liability in an account, comprising a data storage means for storing data in a relational database wherein the database comprises tables, each table having a domain of at least one attribute in common with at least one other table, the tables comprising:
at least one table for storing all ERC values available for purchase.
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41. A method for mapping GHG emissions information using various parameters to aid in the management of the transfer of GHG reductions to offset emissions by creating a volumetric global positioning system timestamp (VGT) comprising:
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recording GHG activity including data indicative of location, address, GPS, elevation, GHG parameters and time frame of event;
creating a Volumetric GPS Timestamp (VGT) as a virtual box representing the emission or reduction volume of a GHG;
associating the VGT box with a discreetly defined space on planet earth, using the GPS and elevation coordinates anchoring the bottom center of the VGT box, wherein the VGT box serves as a marker, aiding discovery of emission and reduction information introduced that has the same time frame, location, or volume; and
projecting and transposing ‘
empty’
boxes on top of full boxes to manage the transfer of GHG reductions to offset emissions. - View Dependent Claims (42, 43)
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Specification