The Carbon Rating Agency’s CARBONrisk Tool is a web-based risk management application that allows the user to make estimates of emissions reduction project performance. As an entry point to the Carbon Rating Agency (CRA) rating process, CARBONrisk is supported by the analytical resources of the CRA.
Cloud-based and accessible through a web browser, CARBONrisk is powerful and requires no installation. Users benefit from the same computational resources, analytical criteria, statistical parameterizations, and risk presentations the Carbon Rating Agency uses, overseen by the Rating Committee.
CARBONrisk is based on robust statistical inference, which then carries over to a Monte Carlo simulation engine. The calculation engine places no burdens on the user’s resources, as all simulations are conducted over a secured web connection.
Simple To Use
The web-based platform can be used through a standard web browser, and requires no installation. The users just need to enter the basic information of their portfolio and its project-level inputs using the dedicated interface on the CRA website.
Easy to Report
The simulation result is displayed through tabular and graphical presentations, in web-based, Excel and PDF format, to make it extremely easy for user to further analyse and distribute the data within the organisations.
Statistically Robust
The platform is based on robust statistical inference, which then carries over to a Monte Carlo simulation engine. The calculation engine places no burdens on the user’s resources, as all simulations are conducted over a secured web connection.
The detailed numerical and graphical output of CARBONrisk has direct applicability for entities seeking the necessary information to enable:
“CARBONrisk brings valuation and risk management capabilities long established in finance to the carbon markets. It will make a real contribution to institutional level transparency and give investors more confidence. By providing analytics to assess the valuation of carbon credits, CARBONrisk from IDEAcarbon brings greater transparency to the carbon markets. Investors in the market are better positioned to make informed decisions. Markit is please to be working with IDEAcarbon to integrate this solution into our current environmental platforms.” Niall Cameron, Executive Vice President, Markit Group (September 2010).
“For a long while, we have been very supportive of the creation and development of the Carbon Rating Agency ratings tool. The carbon ratings tool may provide risk managers with more objectivity collated project information that may provide help in the overall assessment of carbon investments. The carbon ratings tool may be prudently incorporated, as one of several useful analytics, in a risk manager’s arsenal.” Mitchell B. Feierstein, ex Head of Carbon Emissions Products, Cheyne Capital Management