Emissions reduction portfolio

• US 20040088179A1
• Filed: 11/06/2002
• Published: 05/06/2004
• Est. Priority Date: 11/06/2002
• Status: Abandoned Application

• Current Assignee: EMDG Limited
• Original Assignee: EMDG Limited
• Inventors: Gadd, Fiona Kathryn, Cogen, Jack D.
• Application Number:
  US10/288,916
• Publication Number:
  US 20040088179A1
• Time in Patent Office: Days
• US Class Current: 705/1
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/06 Energy or water supply
• CPC Class Codes: Y02P 90/84 Greenhouse gas [GHG] management systems
• CPC Class Codes: Y02P 90/845 Inventory and reporting systems for greenhouse gases [GHG]

Abstract

A computer-based method that includes receiving verified emission reductions (VERs) associated with emission reduction projects (ERPs) and converting the VERs into mutual portfolio units (MPUs) based on predetermined factors. An emissions reduction portfolio database of MPUs is created.

Claims

1. A method comprising:

receiving verified emission reductions(VERs) associated with emission reduction projects (ERPs);

converting the VERs into mutual portfolio units (MPUs) based on predetermined factors;

creating an emissions reduction portfolio of MPUs; and

creating a database based on the portfolio.

2. The method of claim 1, wherein the ERPs include at least one of:

a renewable energy project;

an emission reduction from process improvements in manufacturing;

an energy efficiency improvement project;

a fuel switching project;

a carbon sequestration program;

a transportation efficiency improvement project;

a solar power technology project;

a fuel-switching program;

a reforestation project;

or a project to reduce methane, perfluorocarbons (PFCs), hydrochlorofluorocarbons (HFCs), nitrous oxide (N2O) or sulphur hexafluoride (SF6) emissions.

3. The method of claim 1, wherein the predetermined factors include at least one of:

a country in which an ERP is based;

a country in which the seller of an ERP is based;

the credit rating of a company associated with an ERP;

the technology related to an ERP;

catastrophic risk associated with an ERP;

emission data associated with an ERP;

or a government having jurisdiction over an ERP.

4. The method of claim 1, wherein the predetermined factors include at least one of:

procurement risk;

market risk;

credit risk;

fraud risk;

or legal risk.

5. The method of claim 1, wherein the MPUs have a risk profile of substantially the entire portfolio and are not tied to any specific ERP.

6. The method of claim 1, further comprising processing a request to transfer ownership of MPUs between parties.

7. The method of claim 1, further comprising processing a request to redeem MPUs from the portfolio.

8. The method of claim 1, further comprising processing a request to display over a network information associated with at least one of VERs, ERPS, and MPUs.

9. The method of claim 1, further comprising providing an investment review panel to review the predetermined factors and modifying the predetermined factors if any of a list of predetermined criteria change.

10. The method of claim 1, further comprising converting the MPUs into valid compliance units (VCUs).

11. The method of claim 10, further comprising providing an insurance product to guarantee the conversion of MPUs into valid compliance units (VCUs).

12. The method of claim 1, further comprising charging membership fees for evaluating potential VERs for the portfolio.

13. The method of claim 1, further comprising charging a percentage of the value of the VERs as a fee for converting VERs to MPUs.

14. The method of claim 1, further comprising charging brokering fees for transferring MPUs between parties.

15. The method of claim 1, further comprising charging administrative fees for redeeming MPUs.

16. A system comprising:

an emissions reduction portfolio database of mutual portfolio units (MPUs); and

a processor coupled to the database, the processor having a memory executing a program for converting verified emission reductions(VERs) into MPUs.

17. The system of claim 16, wherein the ERPs include at least one of:

a renewable energy project;

an emission reduction from process improvements in manufacturing;

an energy efficiency improvement project;

a fuel switching project;

a carbon sequestration program;

a transportation efficiency improvement project;

a solar power technology project;

a fuel-switching program;

a reforestation project;

or a project to reduce methane, perfluorocarbons (PFCs), hydrochlorofluorocarbons (HFCs), nitrous oxide (N2O) or sulphur hexafluoride (SF6) emissions.

18. The system of claim 16, wherein the predetermined factors include at least one of:

a country in which an ERP is based;

a country in which the seller of an ERP is based;

the credit rating of a company associated with an ERP;

the technology related to an ERP;

catastrophic risk associated with an ERP;

emission data associated with an ERP;

or a government having jurisdiction over an ERP.

19. The system of claim 16, wherein the predetermined factors include at least one of:

procurement risk;

market risk;

credit risk;

fraud risk;

or legal risk.

20. The system of claim 16, wherein the MPUs have a risk profile of substantially the entire portfolio and not tied to any specific ERP.

21. The system of claim 16, the processor further configured to process a request to transfer ownership of MPUs between parties.

22. The system of claim 16, the processor further configured to process a request to redeem MPUs from the portfolio.

23. The system of claim 16, the processor further configured to process a request to display over a network information associated with at least one of:

VERs;

ERPS;

or MPUs.

24. The system of claim 16, the processor further configured to provide an investment review panel to review the predetermined factors and modifying the predetermined factors if any of a list of predetermined criteria change.

25. The system of claim 16, the processor further configured to convert the MPUs into valid compliance units (VCUs).

26. The system of claim 25, the processor further configured to provide an insurance product to guarantee the conversion of MPUs into valid compliance units (VCUs).

27. The system of claim 16, the processor further configured to charge membership fees for evaluating potential VERs for the portfolio.

28. The system of claim 16, the processor further configured to charge a percentage of the value of the VERs as a fee for converting VERs to MPUs.

29. The system of claim 16, the processor further configured to charge brokering fees for transferring MPUs between parties.

30. The system of claim 16, the processor further configured to charge administrative fees for redeeming MPUs.

31. An article comprising a computer-readable medium that stores computer-executable instructions for causing a computer system to:

receive verified emission reductions (VERs) associated with emission reduction projects (ERPs);

convert VERs into mutual portfolio units (MPUs) based on predetermined factors;

create an emissions reduction portfolio database of MPUs.

32. The article of claim 31 including instructions to process a request to transfer ownership of MPUs between parties.

33. The article of claim 31 including instructions to process a request to redeem MPUs from the portfolio.

34. The article of claim 31 including instructions to process a request to display over a network information associated with at least one of VERs, ERPs, and MPUs.

35. The article of claim 31 including instructions to provide an investment review panel to review the predetermined factors and modifying the predetermined factors if any of a list of predetermined criteria change.

36. The article of claim 31 including instructions to convert the MPUs into valid compliance units (VCUs).

37. The article of claim 31 including instructions to provide an insurance product to guarantee the conversion of MPUs into valid compliance units (VCUs).

38. The article of claim 31 including instructions to charge membership fees for evaluating potential VERs for the portfolio.

39. The article of claim 31 including instructions to charge a percentage of the value of the VERs as a fee for converting VERs to MPUs.

40. The article of claim 31 including instructions to charge brokering fees for transferring MPUs between parties.

41. The article of claim 31 including instructions to charge administrative fees for redeeming MPUs.

42. A method comprising:

receiving verified emission reductions (VERs) associated with emission reduction projects (ERPs);

converting VERs into mutual portfolio units (MPUs) based on predetermined factors;

creating an emissions reduction portfolio database of MPUs; and

processing at least one of a request to transfer ownership of at least one MPU between parties, and a request to redeem at least one MPU from the portfolio.

43. The method of claim 42, wherein the ERPs include at least one of:

a renewable energy project;

an emission reduction from process improvements in manufacturing;

an energy efficiency improvement project;

a fuel switching project;

a carbon sequestration program;

a transportation efficiency improvement project;

a solar power technology project;

a fuel-switching program;

a reforestation project;

or a project to reduce methane, perfluorocarbons (PFCs), hydrochlorofluorocarbons (HFCs), nitrous oxide (N2O) or sulphur hexafluoride (SF6) emissions.

44. The method of claim 42, wherein the predetermined factors include at least one of:

a country in which an ERP is based;

a country in which the seller of an ERP is based;

the credit rating of a company associated with an ERP;

the technology related to an ERP;

catastrophic risk associated with an ERP;

emission data associated with an ERP;

or a government having jurisdiction over an ERP.

45. The method of claim 42, wherein the predetermined factors include at least one of:

procurement risk;

market risk;

credit risk;

fraud risk;

or legal risk.

46. The method of claim 42, wherein the MPUs have a risk profile of substantially the entire portfolio and are not tied to any specific ERP.

47. The method of claim 42, further comprising processing a request to display over a network information associated with at least one of:

VERs;

ERPs;

or MPUs.

48. The method of claim 42, further comprising providing an investment review panel to review the predetermined factors and modifying the predetermined factors if any of a list of predetermined criteria change.

49. The method of claim 42, further comprising converting the MPUs into valid compliance units (VCUs).

50. The method of claim 42, further comprising providing an insurance product to guarantee the conversion of MPUs into valid compliance units (VCUs).

51. The method of claim 42, further comprising charging membership fees for evaluating potential VERs for the portfolio.

52. The method of claim 42, further comprising charging a percentage of the value of the VERs as a fee for converting VERs to MPUs.

53. The method of claim 42, further comprising charging brokering fees for transferring MPUs between parties.

54. The method of claim 42, further comprising charging administrative fees for redeeming MPUs.

55. A method comprising:

providing consulting services to potential sellers of emissions reduction units (VERs);

providing an account for holding VERs that have been validated and verified; and

charging fees to process VERs.

56. The method of claim 55, wherein the account is in a portfolio database.

57. The method of claim 55, wherein the ERPs include at least one of:

a renewable energy project;

an emission reduction from process improvements in manufacturing;

an energy efficiency improvement project;

a fuel switching project;

a carbon sequestration program;

a transportation efficiency improvement project;

a solar power technology project;

a fuel-switching program;

a reforestation project;

or a project to reduce methane, perfluorocarbons (PFCs), hydrochlorofluorocarbons (HFCs), nitrous oxide (N2O) or sulphur hexafluoride (SF6) emissions.

61. The method of claim 55, wherein processing includes processing a request to transfer ownership of mutual portfolio units (MPUs) between parties, wherein MPUs are based on VERs.

62. The method of claim 55, wherein processing includes processing a request to redeem mutual portfolio units (MPUs) from the portfolio, wherein MPUs are based on VERs.

63. The method of claim 55, wherein processing includes processing a request to convert VERs to mutual portfolio units (MPUs).

64. The method of claim 55, wherein processing includes processing a request to display over a network information associated with at least one of VERs and mutual portfolio units (MPUs), wherein MPUs are based on VERs.

65. The method of claim 55, further comprising providing an investment review panel to review predetermined factors and modifying the predetermined factors if any of a list of predetermined criteria change.

66. The method of claim 55, further comprising converting mutual portfolio units (MPUs) into valid compliance units (VCUs), wherein MPUs are based on VERs.

67. The method of claim 55, further comprising providing an insurance product to guarantee the conversion of mutual portfolio units (MPUs) into valid compliance units (VCUs), wherein MPUs are based on VERs.

68. The method of claim 55, further comprising charging membership fees for evaluating potential VERs for the portfolio, wherein MPUs are based on VERs.

69. The method of claim 55, further comprising charging a percentage of the value of the VERs as a fee for converting VERs to mutual portfolio units (MPUs), wherein MPUs are based on VERs.

70. The method of claim 55, further comprising charging brokering fees for transferring mutual portfolio units (MPUs) between parties, wherein MPUs are based on VERs.

71. The method of claim 55, further comprising charging administrative fees for redeeming mutual portfolio units (MPUs), wherein MPUs are based on VERs.

59. The method of claim 58, wherein the predetermined factors include at least one of:

a country in which an ERP is based;

a country in which the seller of an ERP is based;

the credit rating of a company associated with an ERP;

the technology related to an ERP;

catastrophic risk associated with an ERP;

emission data associated with an ERP;

or a government having jurisdiction over an ERP.

60. The method of claim 58, wherein the predetermined factors are associated with emissions reduction projects (ERPs) and include at least one of:

procurement risk;

market risk;

credit risk;

fraud risk;

or legal risk.

72. A method comprising:

accepting verified emission reductions (VERs);

providing consulting services to sellers of VERs to verify the VERs;

converting accepted VERs into mutual portfolio units (MPUs); and

issuing shares to sellers in exchange for the VERs.

73. The method of claim 72, wherein each share is an asset backed tradable security based on a percentage of the value of the entire portfolio.

74. The method of claim 72, wherein VERs represent emissions reductions that have been verified by a third party indicating that a stated reduction has occurred in a stated period.