A tool like CarbonContracts, with automatic notifications will enable Buyers and Sellers to meet their obligations in time.
Barcelona, Spain (PRWEB) June 01, 2011
Today, Carbonflow® Corp. announced the availability of a new module in its suite of hosted software designed to manage, monitor, and monetize emission reduction projects. CarbonContracts manages the complete life cycle of emission reduction purchase agreements (ERPAs) and other carbon offset contracts for both sellers and buyers. The software spans due diligence, contract negotiation, portfolio management, reporting, and renewal. The product includes sophisticated risk modeling and scenario planning software to help clients optimize the value they realize from generating and trading emission reduction credits.
The initial release of the software supports both emission reduction and third-party contracts related to more than 8,500 projects in registration or in the pipeline this year under the UN’s Clean Development Mechanism, regional, bi-lateral, national, and voluntary standards. CarbonContracts is initially available in English, and will support additional languages, including Chinese and Portuguese, later in the year.
CarbonContracts is hosted on Release 3.0 of the company’s Software-as-a-Service platform along with with Carbonflow’s existing Connect+ and CarbonMonitor modules. In addition to managing carbon contracts, the software also covers service agreements and other third-party obligations. Emission reduction projects may deliver credits for decades. Contracts may cover part or all of this lifespan, so the product includes a variety of event notifications, triggers, Gantt charts, and calendars to ensure that organizations respond correctly to important milestones amid organizational changes over the life of their contracts.
The software is based on a sophisticated financial engine that enables clients to create multiple risk scenarios, compare contract performance across portfolios, and manage payments in both credits and multiple currencies. CarbonContracts provides tools to help track constant changes in agreed volumes, risk adjusted volumes, and delivered volumes of emission reductions. It also lets clients compare performance and risk across contracts, geographies, methodologies, and service providers. CarbonContracts enables contract administrators and project managers to track multiple versions of risk-adjusted volumes against their agreed delivery volumes.
CarbonContracts includes multiple user roles with functionality designed for contract administrators, temporary viewers, technical administrators, and compliance professionals.
As a module in the Carbonflow Platform, CarbonContracts is fully integrated with other products. For example, with CarbonContracts, clients have instant access to all underlying project information managed in the company’s Connect+ software. Contract managers and project managers can switch easily from one product to another from a standard browser screen using a single login and password. Information must be input only once to be available to users of any software module.
Charlotte Streck, Director of carbon advisory firm Climate Focus said: “Many Sellers of emission reductions focus too much on price in a contract negotiation and forget other important contractual conditions they later have to comply with. Not meeting important conditions precedent or ongoing reporting requirements can cause contractual penalties, a default of the contract, or withdrawal of the buyer. A tool like CarbonContracts, with automatic notifications will enable Buyers and Sellers to meet their obligations in time.”
Ken Marshall, Carbonflow’s Chairman and CEO said, “With the introduction of CarbonContracts, we have delivered the third module in our initial suite of products. We will continue to aggressively introduce new features and translate our software into additional languages. At the same time, we will continue to innovate by developing new software currently in the planning stage.”
Carbonflow Corp. provides an integrated suite of software applications used by organizations worldwide to manage, monitor, and monetize their emission reduction projects. With offices in San Francisco, Boston, London, São Paulo, Sydney, and Zurich, we provide unique browser-based products and services that empower any organization to manage and monitor carbon projects on a secure multi-party platform. Our goal is to reduce the time, cost, and complexity of implementing projects, while complying with international, regional, national, and voluntary carbon market requirements. For more information, visit us at http://www.carbonflow.com.
Carbonflow is a registered trademark of Carbonflow Corp. in the United States and a trademark in other countries.
In Europe contact: Robert Dornau
T: +41 43 536 614
M: +41 79 689 2242
In the US contact: William Blundon
T: + 1 617-973-5776
M: +1 617-797-3827