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US 8,527,335 B1Granted
System and method for reducing pollution
OwnerRobert S. MacArthurinventor
Life of this patent
Estimating the term…
Abstract
In various embodiments, pollution is reduced by associating a pollution credit with a consumer product or service. The pollution credit is transformed into points and purchasing the product or service earns the points. The points may be accumulated and redeemed for value, thus retiring the pollution credit.
Claims32
A method for reducing pollution comprising the steps of:
- receiving, from a pollution-credit source, a credit representing an amount of pollution in exchange for a first monetary amount;
- converting, using a computer processor, the credit into a credit point value, the credit point value comprising a plurality of points, each point having an equal monetary value corresponding to a fraction of the first monetary amount;
- storing the credit point value in a database embodied on a computer-readable medium;
- including the credit point value in a pool of credit point values;
- sending the points to a point distribution facilitator, the points being associated with at least one of a product and a service;
- receiving a second monetary amount from the point distribution facilitator in exchange for the sent points, the second monetary amount being greater than the first monetary amount;
- receiving, from the point distribution facilitator and a purchaser of the product or service, a request to redeem at least some of the points;
- reimbursing, in response to the request to redeem, a portion of the second monetary amount to the point distribution facilitator;
- sending a redemptive value to the purchaser in exchange for the at least some of the points;
- and
- upon redeeming a total number of points equaling the credit point value, retiring the credit, thereby ensuring the amount of pollution represented by the credit is not emitted.
8 more elements
A computer-based system for reducing pollution, the system comprising:
- at least one computer memory for storing a credit representing an amount of pollution, the credit received from a pollution-credit source;
- and
- at least one processor for executing instructions stored on the computer memory, wherein execution of the instructions results in the system further comprising:
- a point-determination software module configured to convert the credit into a credit point value comprising a plurality of points;
- a computer database configured to store the credit point value;
- a pooling software module configured to include the credit point value in a pool of credit point values;
- a point-transmission software module configured to track sending of the points to a point-distribution facilitator, the points being associated with a product or service;
- a point-receiving software module configured to:
- track receipt of a request to redeem at least some of the points from a purchaser of the product or service;
- upon receiving the request to redeem the at least some of the points, determine that the point-distribution facilitator has not previously provided payment in exchange for the points to be redeemed;
- and
- in response to the determination, request payment from the point-distribution facilitator for the points to be redeemed;
- a point-redemption software module configured to track sending of a redemptive value to the purchaser in exchange for the at least some of the points;
- and
- a credit-tracking software module configured to retire the credit upon determining that a total number of points equaling the credit point value has been redeemed, thereby ensuring the amount of pollution represented by the credit is not emitted.
12 more elements
An article of manufacture storing computer-readable instructions thereon for reducing pollution, the article of manufacture comprising:
- instructions to store a credit representing an amount of pollution in computer memory, the credit received from a pollution-credit source in exchange for a first monetary amount;
- instructions to convert the credit into a credit point value, the credit point value comprising a plurality of points, each point having a first equal monetary value corresponding to a fraction of the first monetary amount;
- instructions to store the credit point value in a computer database;
- instructions to include the credit point value in a pool of credit point values;
- instructions to track sending of the points to a point distribution facilitator, the points being associated with a product or service;
- instructions to track receipt of a request to redeem at least some of the points from a purchaser of the product or service;
- instructions to track receipt of a request to redeem the at least some of the points from the point distribution facilitator;
- instructions to determine that the point distribution facilitator has not previously provided payment in exchange for the points to be redeemed;
- instructions to request payment from the point distribution facilitator for the points to be redeemed;
- instructions to receive a second monetary amount from the point distribution facilitator in exchange for the points to be redeemed, each point to be redeemed having a second equal monetary value corresponding to a fraction of the second monetary amount, the second equal monetary value being greater than the first equal monetary value;
- instructions to track sending of a redemptive value to the purchaser in exchange for the at least some of the points;
- and
- instructions to retire the credit upon determining that a total number of points equaling the credit point value has been redeemed, thereby ensuring the amount of pollution represented by the credit is not emitted.
10 more elements
Dependencies are inferred from the claim text.