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 carbon sink 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) receiving a selection of type of accreditation level from a plurality of accreditation levels which determine a percentage of the ERC value that will be credited to the carbon sink customer account with the remaining percentage of ERC value being divided among a plurality of funds outside the carbon sink customer account;
(f) crediting the percentage of the ERC value to the carbon sink customer account based on the selected type of accreditation level.
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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.
102 Citations
42 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 carbon sink 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) receiving a selection of type of accreditation level from a plurality of accreditation levels which determine a percentage of the ERC value that will be credited to the carbon sink customer account with the remaining percentage of ERC value being divided among a plurality of funds outside the carbon sink customer account; (f) crediting the percentage of the ERC value to the carbon sink customer account based on the selected type of accreditation level. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 34, 35, 36, 37, 38, 39)
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32. 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;
receiving input data used to calculate emission reduction provided by the carbon sink; and
receiving a selection of type of accreditation level from a plurality of accreditation levels which determine a percentage of the ERC value that will be credited to the customer account with the remaining percentage of ERC value being divided among a plurality of funds outside the customer account;processor for calculating an emission reduction credit (ERC) value representative of the renewable energy and emission reduction provided by the carbon sink; and
crediting the percentage of the ERC value to the customer account associated with the carbon sink based on accreditation level; anddisplay for displaying customer accounts. - View Dependent Claims (33)
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40. 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 ‘
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boxes on top of full boxes to manage the transfer of GHG reductions to offset emissions. - View Dependent Claims (41, 42)
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Specification