System and method for estimating CO2 emissions
View Patent ↗Estimations of carbon dioxide (“C02”) emission of an entity upon the condition of incomplete or missing data uses one or more algorithms implemented in a machine having a processor and a memory and data concerning the entity. The data is applied to an algorithm implemented as code executable in the processor. The algorithm produces a result that comprises an estimate of the C02 emission of the entity. The C02 emission estimate can be output to a user, and the underlying formula and data can inspected and optionally modified by users with suitable permissions. The C02 emission estimate can be applied as a factor in a formula to compute a rating for the entity which can be output from the machine. Error estimates associated with the data used by the algorithm can be generated to provide improved estimates.
1. A method for outputting a rating based upon an estimate of a carbon dioxide emission of an entity, when data concerning the carbon dioxide emissions of the entity is incomplete, the method being implemented in a machine having a processor and a memory, the method comprising:
a. receiving at the machine data relating to an industry, sector, or sub-sector to which the entity belongs;
b. determining one or more circumstances in which carbon dioxide emission data concerning the entity is at least one of missing and incomplete;
c. based on the determining, applying an algorithm implemented as code executable in the processor to the data resulting in the estimate of the carbon dioxide emission of the entity in the absence of the missing or incomplete data;
d. applying the estimate of the carbon dioxide emission as a factor in a formula to generate the rating for the entity; and
e. outputting the rating from the machine.
2. A method as in claim 1 , further comprising making the estimated carbon dioxide emission available to a user through a user interface.
3. A method as in claim 1 , wherein the step of applying to the algorithm results in a total of the estimated carbon dioxide emission.
4. A method as in claim 1 , wherein the algorithm comprises a plurality of algorithms having a hierarchical accuracy order, and wherein the plural algorithms are performed in accordance with the hierarchical accuracy order.
5. A method as in claim 1 , including the additional steps of:
a. computing an error associated with the algorithm by applying the algorithm to at least one additional entity having a known carbon dioxide emission; and
b. calculating a difference between the estimated carbon dioxide emission for the additional entity and the known carbon dioxide emission.
6. A method as in claim 5 , including the additional step of correcting for any calculated difference concerning the additional entity using the machine, thereby accounting for such error in the estimated carbon dioxide emission for the entity.
7. A method as in claim 1 , including the additional steps of:
a. providing a user interface to the machine; and
b. permitting users, through the user-interface, to customize the algorithm.
8. A method as in claim 1 , wherein the entity is selected from the group consisting essentially of a company, a corporation, a limited liability company, a limited liability corporation, a partnership, a limited liability partnership, a self-regulated organization, and a joint venture.
9. A method for outputting an estimated carbon dioxide emission of an entity, when data concerning the carbon dioxide emissions of the entity is incomplete, the method being implemented in a machine having a processor and a memory, the method comprising:
a. receiving at the machine data relating to an industry, sector, or sub-sector to which the entity belongs;
b. determining one or more circumstances in which carbon dioxide emission data concerning the entity is at least one of missing and incomplete;
c. based on the determining, applying an algorithm implemented as code executable in the processor to the data in the absence of the missing or incomplete data;
d. estimating the carbon dioxide emission from the results of the algorithm; and
e. outputting the estimated carbon dioxide emission from the machine.
10. A method as in claim 9 , wherein the entity is selected from the group consisting essentially of a company, a corporation, a limited liability company, a limited liability corporation, a partnership, a limited liability partnership, a self-regulated organization, and a joint venture.