SYSTEMS AND METHODS FOR TRADING EMISSION REDUCTIONS
First Claim
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1. A computer-implemented method of promoting the reduction of emissions comprising:
- registering participants voluntarily with an established entity;
establishing an emission reduction schedule for a set future period of time, including several years, for each registered participant that produces emissions based on emissions information over previous years provided by each registered participant;
establishing tradable financial instruments, including emission allowances, emission offsets, and credits;
issuing tradable emission allowances to each registered participant based on the established reduction schedule;
collecting emissions data for each registered participant;
comparing the collected emissions data with the corresponding data in the established reduction schedule for each registered participant;
based on the comparing step, determining debits or credits for each registered participant; and
based on the determining step, if the registered participant'"'"'s emissions exceed the corresponding data in the established reduction schedule, debiting each registered participant a quantity of tradable financial instruments, thereby penalizing the registered participant, wherein the registered participant is required to purchase tradable financial instruments to achieve compliance with the reduction schedule; and
based on the determining step, if the registered participant'"'"'s emissions are below the corresponding data in the established reduction schedule, crediting each registered participant a quantity of tradable financial instruments, thereby rewarding the registered participant, wherein the registered participant can trade or bank those tradable financial instruments.
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Abstract
Systems and methods for facilitating trading of emission allowances and offsets among participants are described. In some embodiments, methods of facilitating such trading include establishing an emissions reduction schedule for certain participants based on emissions information provided by those participants and determining debits or credits for each participant in order to achieve the reduction schedule.
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Citations
18 Claims
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1. A computer-implemented method of promoting the reduction of emissions comprising:
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registering participants voluntarily with an established entity;
establishing an emission reduction schedule for a set future period of time, including several years, for each registered participant that produces emissions based on emissions information over previous years provided by each registered participant;
establishing tradable financial instruments, including emission allowances, emission offsets, and credits;
issuing tradable emission allowances to each registered participant based on the established reduction schedule;
collecting emissions data for each registered participant;
comparing the collected emissions data with the corresponding data in the established reduction schedule for each registered participant;
based on the comparing step, determining debits or credits for each registered participant; and
based on the determining step, if the registered participant'"'"'s emissions exceed the corresponding data in the established reduction schedule, debiting each registered participant a quantity of tradable financial instruments, thereby penalizing the registered participant, wherein the registered participant is required to purchase tradable financial instruments to achieve compliance with the reduction schedule; and
based on the determining step, if the registered participant'"'"'s emissions are below the corresponding data in the established reduction schedule, crediting each registered participant a quantity of tradable financial instruments, thereby rewarding the registered participant, wherein the registered participant can trade or bank those tradable financial instruments. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A computer-implemented system for promoting the reduction of emissions comprising a processor, wherein the processor is configured to:
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register participants voluntarily with an established entity;
establish an emission reduction schedule for a set future period of time, including several years, for each registered participant that produces emissions based on emissions information over previous years provided by each registered participant;
establish tradable financial instruments, including emission allowances, emission offsets, and credits;
issue tradable emission allowances to each registered participant based on the established reduction schedule;
collect emissions data for each registered participant;
compare the collected emissions data with the corresponding data in the established reduction schedule;
based on the comparison, determine debits or credits for each registered participant for each year of that period of time; and
based on the determination, if the registered participant'"'"'s emissions exceed the corresponding data in the established reduction schedule, debit each registered participant a quantity of tradable financial instruments, thereby penalizing the registered participant, wherein the registered participant is required to purchase tradable financial instruments to achieve compliance with the established reduction schedule;
orbased on the determination, if the registered participant'"'"'s emissions are below the corresponding data in the established reduction schedule, credit each registered participant a quantity of tradable financial instruments, thereby rewarding the registered participant, wherein the registered participant can trade or bank those tradable financial instruments. - View Dependent Claims (17, 18)
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Specification