8 April 2005 – Siemens Power Generation announced today the launch of an end-to-end service for emissions monitoring, reporting and allowance management. At the core of the service is a software package, Emissions QuickStart, which meets the requirements of the EU Emissions Trading Scheme (EUETS) for CO2 emissions and is fully able to handle all Kyoto unit types.
Emissions QuickStart is available either as part of a real-time managed bureau service, accessed via a PC and internet browser, or as a self-managed package available under licence. The bureau facility, the first of its kind in the UK, is particularly suitable for organisations, for example in the manufacturing or processing industries, that have limited expertise in-house or who do not wish to make a major capital investment at this point. Siemens expects major emitters such as the power generation sector to favour the licensing option because the way in which they choose to meet their obligations under the scheme is a strategic business decision.
Either way, users can enter raw data manually or automatically using a data import facility. Emissions QuickStart uses details of material and fuel consumed and based on plant processes calculates the greenhouse gas emissions as well as performing the reporting and compliance procedures required under the EU scheme.
Siemens says that. Emissions QuickStart can communicate with any national emissions Registry in order to complete the allowance trading reporting cycle. Emissions QuickStart will present a subscriber’s reconciled data in exactly the right format for each national Registry (DEFRA operates the UK’s Registry) making report generation an automated task.
Emissions QuickStart maintains a mirror of the user’s Registry account(s), allows transaction details to be entered, either manually or by import from a trading and risk management tool (T&RM), and automatically updates the account balances. When the electronic interface to the UK Registry becomes available, Emissions QuickStart will automatically notify sell transaction details to the Registry. Likewise Emissions QuickStart will inform the user when certificates have been transferred into their account at the Registry and update its own balances accordingly.
Siemens recognises that large organisations might want to trade allowances amongst their own subsidiary companies or sites. Emissions QuickStart can make internal trading very easy too; it will perform the banker role as usual and report the transactions to the Registry. At the same time, the organisation’s management can use Emissions QuickStart to permit reporting at different levels of the organisation.
At the end of each year the EUETS requires each participant to submit to an independent verification of their emissions calculations to check that they are accurate and consistent with the organisation’s own monitoring and reporting plan. There are two main features of the verification process: the first is the checking of the monitoring and calculation methodology and reporting emissions on time to the Registry (to avoid penalties) and the second feature is to ensure that the organisation has enough certificates to cover its obligations under the scheme at any point in time or projected into the future. Emissions QuickStart greatly simplifies both parts of the process. It provides an audit trail noting every update in data entered so that the independent verifier has a complete log to review the emissions monitoring procedures and then Emissions QuickStart gives the organisation its current account balance in terms of emissions allowances to check if they cover the volume of CO2 emissions actually made.
Emissions QuickStart can be fully integrated with other systems like Trading & Risk Management products or with accounting packages. Certificates are expected to be valued like any other company asset and will appear as such on balance sheets. In this respect Emissions QuickStart helps a company comply with the US Sarbanes-Oxley Act designed to improve corporate governance.
The first version of Emissions QuickStart primarily monitors combustion processes but the next version, due in May 2005, will monitor emissions from any process-based unit of production whose by-products are pollutants like SO2, NOx and Mercury and, of course, CO2.
Future plans for Emissions QuickStart include the ability to comprehensively monitor the impact on the environment of all features of industrial processing and manufacturing – not just that of gas emissions.