Misys launches carbon data trading

Misys Open Source Solutions, a division of IT solutions supplier Misys, has unveiled its carbon trading solution for

organisations.

The Misys Environmental Trading Platform (METP) software has been designed to help organisations prepare for the UK's Carbon Reduction Commitment Energy Efficiency Scheme.

The scheme is expected to affect around 5,000 non-energy intensive private and public organisations, which currently account for 10 per cent of the UK’s carbon emissions.

From April 2010, these organisations will have to report their emissions data and from 2013 will have to implement year-on-year emissions reductions.

John Winn, senior solutions manager of Misys Open Source Solutions, said: ‘The Misys Environmental Trading Platform is designed to help organisations quickly comply by providing data collection, carbon planning and liability calculation.’

Green 2020, a UK-based environmental and energy consulting firm, has partnered with Misys to distribute METP to the UK public sector. According to the organisation, its software can be used to trade carbon in the open markets, including the European Union - Emission Trading Scheme (EU-ETS).

Shaun Bainbridge, director at CICS, a carbon-verification and certification firm, said: ‘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.’