System and Method of Creating, Aggregating, and Transferring Environmental Emission Reductions

• US 20070265897A1
• Filed: 06/29/2007
• Published: 11/15/2007
• Est. Priority Date: 11/26/2002
• Status: Abandoned Application

• Current Assignee: XL TechGroup, Inc.
• Original Assignee: XL TechGroup, Inc.
• Inventors: Howard, Everett, Tank, Alan, Smyrnios, Lewis, McMorris, John, Bolton, George
• Application Number:
  US11/770,968
• Publication Number:
  US 20070265897A1
• Time in Patent Office: Days
• US Class Current: 705/7
• CPC Class Codes: G01N 33/18 Water
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 10/06393 Score-carding, benchmarking or key performance indicator [KPI] analysis
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: Y02P 90/845 Inventory and reporting systems for greenhouse gases [GHG]

Abstract

An integrated, holistic methodology for enabling a systematic creation, aggregation, verification, registration, storage, transfer/sale, and retirement of environmental emission removal units provides a control and management system complementing the use of sound foundational science to qualify and quantify environmental emission reductions and removals, and provides the framework for accurate data collection, storage, and processing.

Claims

1. A method of processing environmental emissions for providing an emission reduction, the method comprising:

selecting at least one producer of at least one of environmental emissions and environmental emissions removal;

selecting at least one protocol sufficient for comparing at least one production practice to a baseline practice;

collecting production practice data regarding the at least one producer responsive to the at least one protocol;

converting the production practice data to environmental data using a pre-selected conversion factor; and

taking title to the environmental data.

2. A method according to claim 1, wherein the at least one producer is selected from a producer group consisting of agriculture, forestry, enhanced oil recovery, fuel production, semiconductor manufacturing, metal production, coal production, deep geologic sequestration, waste management, and waste landfills.

3. A method according to claim 1, wherein the at least one protocol includes at least one of guidance relating to environmental reductions, a government certified protocol, a government approved protocol, and wherein the at least one protocol determines a unit of emission reduction.

4. A method according to claim 1, wherein the production practice data converting includes the at least one protocol having conversion factors selected from a group including reducing greenhouse gas emissions, providing clean water credits, providing clean air credits, providing soil erosion credits, and certifying animal welfare.

5. A method according to claim 4, wherein the reducing greenhouse gas emissions includes a parameter selected from parameters consisting of effluent loading, animal production data, fruit production data, effluent containment storage period, effluent containment storage practice, a number of product turns, annual product throughput, flaring volume, flaring efficiencies, gas types and generation rates, and chemical manufacturing efficiencies and emissions.

6. A method according to claim 1, further comprising modifying the environmental data to effective environmental data and registering the effective environmental data for commercial use thereof.

7. A method according to claim 6, further comprising converting the effective environmental data to a unit of emission reduction for a transferring thereof.

8. A method according to claim 7, further comprising using the unit of emission reduction for at least one of an offset, a credit, and an allowance.

9. A method according to claim 6, wherein the registering includes at least one of verifying a commercial suitability of the effective environmental data, recording the registering, designating ownership of the effective environmental data, assigning a unique identifier thereto, and monitoring a transaction thereof.

10. A method according to claim 6, further comprising at least one of allocating a first portion of the effective environmental data to a reserve pool, committing a portion of the reserve pool for mitigating delivery risk, and committing a portion of the reserve pool to mitigate permanence risk.

11. A method according to claim 1, wherein the production practice data collecting comprises at least one of collecting on-site data supplied by the producer, forming an assessment team for the on-site collecting, forming an assessment team for confirming the on-site data collecting, entering the onsite data into a pre-selected template, and electronically transmitting the production practice data to a data center.

12. A method according to claim 11, wherein the pre-selected template provides for input including at least one of questions relevant to the at least one protocol, a commercial standard, environmental compliance, non-conformance, and business needs.

13. A method according to claim 1, further comprising warranting the production practice data.

14. A method according to claim 13, wherein the warranting includes at least one of releasing legal liability for the data collecting, releasing biological security liability, and confirming the accuracy of the data collecting with respect to known production practices.

15. A method according to claim 1, wherein the taking title comprises the at least one producer taking title.

16. A method of processing environmental emissions for providing an emission reduction, the method comprising:

selecting a producer of at least one of environmental emission and environmental emission removal;

comparing a production practice of the producer to pre-selected qualification criteria;

selecting a protocol sufficient for comparing the production practice to a baseline practice;

collecting production practice data regarding the producer responsive to the protocol;

confirming the collected production practice data meets a pre-selected data standard;

converting the production practice data to environmental data using pre-selected conversion factors; and

taking title to the environmental data by other than the producer.

17. A method according to claim 16, further comprising contracting with the producer regarding implementation of the production practice.

18. A method according to claim 16, further comprising warranting the production practice data by the producer.

19. A method according to claim 16, further comprising modifying the environmental data to effective environmental data and crediting the producer for at least a portion of the effective environmental data.

20. A method according to claim 16, further comprising:

transmitting the production practice data to a data center; and

receiving the production practice data at the data center.