Greenhouse gas meter could boost carbon market

A new greenhouse gas meter can calculate carbon reductions across multiple industries and devices, reinforcing the carbon market. According to the World Bank, the lack of standard measurement has inhibited the growth of the global carbon market that has a potential of $30 billion.

Called GreenCert, the meter was developed by Enterprise Information Management and Evergreen Energy Inc. on IBM Websphere Portal-based software. It provides an automated software tool to gauge and document greenhouse gas management efforts and can transform this data into Certified Carbon Emissions Reduction Credits (CCERC).

By providing industry-specific models, GreenCert extends the global greenhouse gas reduction trading market to power, agriculture, government and financial services, among others. It can be deployed in power plants, cement factories, steel factories and commercial buildings, measuring outputs of greenhouse gases from fluorescent lights, printers and other sources of energy output.

“Countries with growing greenhouse emission rates such as India and China need to manage greenhouse gas risks and liabilities,” said Bruce Lyman of Enterprise Information Management. “Thanks to IBM, we’re able to be a part of the global solution by helping to pave the path towards a cleaner environment.”