Tag Archive for 'emissions trading'

Schwarzenegger sends “a strong message” to the federal govt

Published
by
Tom Raftery
on September 26, 2008
in emissions trading
. 1 Comment

Arnold Schwarzenegger
Photo Credit Thomas Hawk

I see Grist reporting that the US’ first Cap and Trade program went live. Power plant owners in 10 Northeastern states had to submit sealed bids in order to emit greenhouse gases yesterday.

Then the New York Times has a story about an alliance of 7 Western States and 4 Canadian provinces who have come together under the name Western Climate Initiative to also put a Cap and Trade system in place.

While the WCI draft plan doesn’t come into effect until 2012, the Northeastern states is now live! It only requires a 10 percent reduction in emissions by 2019 and that only in emissions generated by power plants but it is better than nothing and it sets a precedent.

And, as Gov. Arnold Schwarzenegger said

We’re sending a strong message to our federal governments that states and provinces are moving forward in the absence of federal action, and we’re setting the stage for national programs that are just as aggressive.

More aggressive, I hope - looks like politics has seriously diminished the “Terminator’s” definition of aggressive!

by-sa

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Carbonetworks and the open carbon platform

Published
by
Tom Raftery
on August 1, 2008
in carbon accounting
. 0 Comments

Carbonetworks Carbon Balance Sheet Screenshot credit Carbonetworks

I wrote a quick blog post about Carbonetworks the other day when it was announced they secured $5 million in series A financing.

I made the mistake though of assuming their software was a simple carbon accounting solution. It goes well beyond that.

Yesterday, in a phone call with Carbonetworks co-founder, President and CEO Michael Meehan, I discovered that their offering is a full carbon strategy platform.

The app is an online app and according to Michael, Carbonetworks has about 180 subscribers in 23 countries. The app at its most basic helps companies understand what their carbon footprint is, and then helps the companies translate that into a financial bottom line. The app helps companies see what options they have to reduce their carbon footprint and helps them create a carbon strategy from a managerial perspective on how to proceed in the carbon market.

The app can normalize carbon data across all of a companies facilities, and then monetise it so companies can think of their carbon as either an asset or a liability on the balance sheet! This is a clever approach which will change how companies look to their supply chain, or how they approach investments, for example.

Then when you get to the reduction space, Carbonetworks helps there too. Carbonetworks has what they call their marketplace where they offer fully verified offsets as well as a network of other reduction options so companies can have a diverse spread of carbon reduction investments.

Where this gets even more interesting and the reason I called Carbonetworks a platform is because they are currently working on opening up their API so that other companies can use their backend. if they pull this off, they will be the first to market (that I have heard of) with an open platform like this.

If you had programmable access to an online carbon platform like this, what would you do with it? Think of the mashups you could create!

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