REC credit distribution system and method
First Claim
1. A method for promoting recycling from a fund established with revenue generated from the sale of environmental and/or power generation attributes by an entity producing renewable energy, the method comprising:
- a) providing a point system by which a recycling consumer is credited for recycled materials collected;
b) providing a reward system for redemption of points accumulated by the recycling consumer, the reward system including redeemable fund certificates drawn against the fund;
c) collecting recyclable materials from the recycling consumer and crediting an account in the name of the recycling consumer based on the quantity and/or quality of the recyclable material collected; and
d) awarding fund certificates to the recycling consumer upon the accumulation of a sufficient point level.
4 Assignments
0 Petitions
Accused Products
Abstract
A method for promoting recycling from a fund established with revenue generated from the sale of environmental and/or power generation attributes by an entity producing renewable energy. The method comprises providing a point system by which a recycling consumer is credited for recycled materials collected. Further, the method provides for a reward system for redemption of points accumulated by the recycling consumer, the reward system including redeemable fund certificates drawn against the fund. The method further includes collecting recyclable materials from the recycling consumer and crediting an account in the name of the recycling consumer based on the quantity and/or quality of the recyclable material collected. Then the method provides for awarding fund certificates to the recycling consumer upon the accumulation of a sufficient point level.
280 Citations
24 Claims
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1. A method for promoting recycling from a fund established with revenue generated from the sale of environmental and/or power generation attributes by an entity producing renewable energy, the method comprising:
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a) providing a point system by which a recycling consumer is credited for recycled materials collected; b) providing a reward system for redemption of points accumulated by the recycling consumer, the reward system including redeemable fund certificates drawn against the fund; c) collecting recyclable materials from the recycling consumer and crediting an account in the name of the recycling consumer based on the quantity and/or quality of the recyclable material collected; and d) awarding fund certificates to the recycling consumer upon the accumulation of a sufficient point level. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A system for promoting recycling from fund certificates drawn against a fund established with revenue generated from selling environmental and/or power generation attributes by a entity producing renewable energy, the system comprising:
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a) a registry that stores redeemable point information for collected recyclable material from participants in a recycling program, and fund certificate data in a reward program; and b) a transfer platform communicatively coupled to the registry, the transfer platform being configured to enable the redemption of accumulated points in the recycling program for fund certificates in the reward program. - View Dependent Claims (19, 20, 21, 22)
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23. A computer-based system for facilitating the trade of points and fund certificates such that the fund certificates are established with revenue generated from the sale of environmental and/or power generation attributes by an entity producing renewable energy, the method comprises:
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a) means for establishing a rewards system for the redemption of points accumulated by a recycling consumer, such that the points are credited to the recycling consumer for recycled materials collected; b) means for determining credits of points for each recycling consumer in order to award fund certificates to the recycling consumer upon the accumulation of a sufficient point level.
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24. A method of increasing recycling of materials by creating a demand for tradable fund certificate, such that the fund certificate is established with revenue generated from the sale of environmental attributes and/or power generation by an entity producing renewable energy, the method comprises:
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a) providing recycling consumer point data based on recycling materials and associated with points; b) applying a factor for converting the recycling consumer point data to the fund certificate, in which the factor is based on the amount of points credited to compute the fund certificate; c) computing the fund certificate for the recycling consumer based on points credited for recycled materials collected; d) enabling the recycling consumer to acquire the fund certificate in an amount that is at least equivalent to the computed fund certificate so as to increase the recycling of materials.
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Specification