Our Approach: A Plug-and-Play Solution
We work hand-in-hand with governments and industry to design and deploy market solutions and monitor their progress, embedding members of our team at regulatory agencies for continuous support and capacity building.
Market Design
- We help guide the selection of the sector(s) and firms that will participate, along with helping to allocate permits and set a pricing strategy.
- We help set the monitoring standards and install continuous emissions monitoring systems (CEMS), along with data acquisition software so the government has real-time access to emissions data.
- We assist regulators with deciding the area-wide emissions cap based on local emissions data.
- We review practices for ensuring enforcement and penalties for non-compliance.
Capacity Building
- We visit plants and provide oversight and technical assistance of monitoring devices.
- We train plant operators on best practices for monitoring device management and calibration, market rules and trading practices.
- We train government staff to collect data, ensure data quality, and enforce market compliance.
- We soft launch the market with a trial trading period to acquaint industries to market rules, trading windows and tactics.
Market Operations and Oversight
- We facilitate an online trading platform for transparency in the trading of permits.
- We monitor plants to ensure they’re following trading rules, and rules are adjusted as necessary.
- We review plant performance on the market dashboard once live trading begins.
- We stand by in an oversight committee capacity to monitor ongoing performance.
