Misys Open Source Solutions has launched a new carbon management trading solution, the Misys Environmental Trading Platform (METP), to help organisations prepare for the UK’s Carbon Reduction Commitment (CRC) Energy Efficiency Scheme, which is a mandatory emissions reduction scheme expected to affect about 5,000 non-energy intensive private and public organisations that account for 10% of the country’s carbon emissions.
Beginning in April 2010, the CRC will require these organisations to report emissions data and from 2013 will be required to reduce emissions year-on-year as part of a UK-wide initiative to reduce carbon emissions by 80% by 2050.
The Misys Environmental Trading Platform can also be used to trade carbon in the open markets, including the European Union – Emission Trading Scheme (EU-ETS). “METP facilitates extensive and accurate data capture and provides the verifier with full access and transparency to their trades, an asset for aircraft companies during the monitoring, reporting and verification process for the EU-ETS,” said Shaun Bainbridge, director at CICS, a carbon verification and certification services firm.