IBM (
News -
Alert), Enterprise Information Management, Inc. (EIM), and Evergreen Energy Inc. have announced the launch of a greenhouse gas meter called GreenCert.
GreenCert is a software tool that can measure greenhouse gases across various devices and industries and calibrate the data into Certified Carbon Emissions Reduction Credits (CCERC). GreenCert has been developed collaboratively by IBM business partner Enterprise Information Management Inc., Evergreen Energy Inc. and its subsidiary, C-Lock Technology Inc. (C-Lock).
According to the World Bank, the carbon market is projected to be around US$30 billion.
"Reducing climate change risk and promoting investment in clean energy systems is a long-term venture requiring billions of dollars of annual investment..." a report from the World Bank states. "In order for the (carbon) market to generate sustainable long-term capital at the scale required, the market needs a strong compliance system, more transparent and credible processes about formulating and releasing emissions data, and clear signals about future policy direction."
More details of the report can be found at:
http://carbonfinance.org/docs/StateoftheCarbonMarket2006.pdf
There was a growing need for a standard, efficient method to collect, measure and document greenhouse gases in the global carbon market. Earlier the measurement and monitoring of carbon emissions was a manual, inefficient and complicated process. GreenCert offers to transform the way greenhouse gases are measured by offering a standardized, repeatable and efficient methodology.
GreenCert has different models to suit different industries including power, agriculture, government and financial services. It can be easily deployed in different power plants, cement and steel factories and other commercial buildings and can be used for different devices like lights, printers etc.
GreenCert is based on Service Oriented Architecture (SOA) platform and uses IBM software. The IBM technologies that have been incorporated for building this robust application include Websphere Portal, Lotus Forms, DB2 Universal Database, Content Manager, Records Manager, WebSphere Process Server and WebSphere Business Process Management software. The application ensures the security, traceability, and integrity of the data is maintained.
"Because of IBM's extensive global reach and market leading technologies that can integrate seamlessly with third party applications, we were able to take the opportunity to help our partner EIM build on the patent-pending technology of C-Lock and the unique vision of Evergreen to track, monitor, quantify, document and enable efficient verification of greenhouse gas emissions," said Larry Bowden, Vice President of Portals and Interaction Services, in a
press release.
"Countries with growing greenhouse emission rates such as India and China need to manage greenhouse gas risks and liabilities," said Bruce Lyman of EIM. "Thanks to IBM, we're able to be a part of the global solution by helping to pave the path towards a cleaner environment."
"Evergreen is pleased to join with EIM to offer a leading-edge solution built on industry leading IBM technology that addresses a critical concern of all our domestic and international interested parties: providing an efficient, transparent methodology to document and verify greenhouse gas emissions reductions associated with the introduction of more efficient, lower GHG emitting technologies," said Kevin R. Collins, President and CEO of Evergreen Energy, "and through this accelerating the speed to market of these technologies for meeting our energy needs."
"The combination of the C-Lock engine with IBM Software will radically change the way greenhouse gas emission reductions are quantified and certified," said Ted Venners, Chairman of C-Lock. "Every market participant concerned with greenhouse gas emissions will benefit from the dramatic improvement of transparency and certainty of analysis this solution offers. Only by working with IBM and its Business Partner, EIM, were we able to accomplish this vision."
The product will be available in the first half of 2008. Pricing details will be announced at the time of its availability. To learn more about the specific capabilities of this tool, visit
www.c-locktech.com.
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Radhika Raghunath is a contributing editor for TMCnet. To see more of her articles, please visit her columnist page.
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