Patent ID: 8655791

Claim:
A computer-based method for generating standardized emission reduction credits, comprising: receiving site-specific data with respect to a geographic location, regarding at least one variable impacting reduction of a greenhouse gas, wherein the at least one variable comprises site-specific land use practices; retrieving data, general to a geographic region encompassing the location, regarding at least one variable impacting the greenhouse gas, wherein the at least one variable comprises regional land use practices and the regional land use practices data is used to supplement or substitute for site-specific land use practice data that is unavailable; processing the site-specific data regarding the location and the data general to the geographic region encompassing the location, through a model running on a computer, to determine an approximate change in impact on the greenhouse gas at the location over a specified time period; conducting an uncertainty analysis on the approximate change at the location over the specified time period, via the computer, to quantify a relative level of uncertainty of the approximate change in impact on the greenhouse gas at the location over the specified time period, wherein the uncertainty analysis include evaluating acceptability of the received site-specific land use practices data by utilizing the regional land use practices data; from the uncertainty analysis conducted via the computer, utilizing the quantified level of uncertainty to identify a quantity of emission reduction credits which do not qualify as standardized emission reduction credits and cannot be traded as such and to identify a quantity of emission reduction credits which qualify as the standardized emission reduction credits for trading; and reporting from the computer the identified quantity of the standardized emission reduction credits qualified for trading.