SYSTEM AND METHOD FOR VALUATING ITEMS AS TRADABLE ENVIRONMENTAL COMMODITIES
First Claim
1. A method comprising:
- a) receiving an environmental conservation item comprising a plurality of environmental conservation properties;
b) generating a protocol for quantifying an amount of environmental conservation resulting from use of said item based on at least one property of the item; and
c) storing the generated protocol within a computer readable medium for quantification of an amount of environmental conservation associated with a subsequent registration of the item.
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Abstract
Some embodiments qualify an item and a protocol associated with the item by determining an amount of environmental conservation that is related to the actual use or implementation of the item by a registrant. Some embodiments quantify the environmental conservation of an item by determining an amount of emissions reduction, energy savings, hazardous wastes or materials that are properly disposed of, or generated renewable energy associated from the qualified environmental conservation of the item. Some embodiments then valuate the quantified environmental conservation to issue a tradable credit.
Some embodiments provide a protocol generation engine. The protocol generation engine of some embodiments automatically generates a new protocol for an environmental conservation item from the environmental conservation properties of the item. Some embodiments of the protocol generation engine provide an interface for the manual generation of a protocol.
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Citations
33 Claims
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1. A method comprising:
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a) receiving an environmental conservation item comprising a plurality of environmental conservation properties; b) generating a protocol for quantifying an amount of environmental conservation resulting from use of said item based on at least one property of the item; and c) storing the generated protocol within a computer readable medium for quantification of an amount of environmental conservation associated with a subsequent registration of the item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method comprising:
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a) providing a protocol specification interface to permit a first set of users to define at least one protocol for quantifying an amount of environmental conservation associated with use of at least one item; and b) providing a registration interface to permit a second set of users to uniquely register a quantified amount of environmental conservation resulting from use of the item, said quantified amount for subsequent trading within an environmental commodities exchange, wherein a previously defined protocol is automatically associated with the item to quantify the resulting amount of environmental conservation during registration of the item. - View Dependent Claims (11, 12, 13, 14, 15)
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16. A graphical user (GUI) interface comprising:
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a) a first display interface for defining protocols to quantify amounts of environmental conservation associated with a plurality of environmental conservation items; and b) a second display interface for registering at least one particular item, wherein a previously defined protocol is automatically associated with the particular item during registration of the item in order to valuate the amount of environmental conservation associated with the item. - View Dependent Claims (17, 18, 19)
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20. A method comprising:
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a) generating a protocol for quantifying an amount of environmental conservation resulting from an item for which a previously generated protocol does not exist; b) validating said protocol with at least one protocol validation entity; c) modifying said protocol when the protocol is invalidated by the protocol validation entity; and d) storing the protocol within a computer readable medium for quantification of an amount of environmental conservation associated with a subsequent registration of the item when the protocol is validated by the protocol validation entity. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A method comprising:
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a) receiving a set of properties of at least one environmental conservation item and an amount of environmental conservation resulting from use of the item; b) verifying said specified properties to authenticate the specified amount of environmental conservation resulting from the use of the item; and c) generating a protocol for quantifying the amount of environmental conservation of subsequently registered items based on verified properties of the item. - View Dependent Claims (32, 33)
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Specification