Science & Technology
Science and Technology
Science and Technology
Tue, February 3, 2009 IHS to Unveil Support for CAIR NOx Allowances within ecoAsset ManagerTM
ENGLEWOOD, Colo.--([ BUSINESS WIRE ])--IHS Inc. (NYSE: IHS), a leading global source of critical information and insight, today announced that it will add the ability to manage CAIR (Clean Air Interstate Rule) nitrogen oxides (NOX) allowances to its ecoAsset Manager software solution in a version 10.2 release set for August 2009. Used by many U.S. companies as an internal record of allowance holdings for the U.S Acid Rain Program and the NOX Budget Program, IHS ecoAssetManager will now support management of NOX annual and seasonal allowances created by the CAIR program as well.
"Supporting the CAIR commodities and the CAIR reconciliation delivers important business value and is a cornerstone of the IHS mission to deliver powerful business value through information and strategic management solutions," said IHS Vice President, Environment Mark Wysong. "Bringing together comprehensive and auditable enterprise emissions data management with complete emission allowance and credit portfolio management builds a strong foundation for delivering value going forward."
CAIR, which took effect on January 1, 2009, is a regional air pollution reduction program developed by the Environmental Protection Agency and covering 28 eastern states and the District of Columbia. The rule provides caps on sulfur dioxide (SO2) and NOX pollution, primarily through a cap-and-trade system monitored by the EPA. Under this program, each state is allotted a set of emissions allowances for distribution to power plants. If a power plant does not have enough emissions allowances it can buy them from other sources or take steps to lower its emissions.
"CAIR represents the most substantial change to federal policy governing sulfur dioxide and nitrogen dioxides emissions within the last decade, and the adoption of CAIR by the EPA in 2005 has spurred a major new wave of investment in pollution control equipment," said Kristian Bodek, environmental policy and emission markets expert, for Cambridge Energy Research Associates (CERA). "CERA estimates that CAIR will have lead to a doubling in the number of existing coal plants retrofitted with sulfur dioxide scrubbers, beginning at one third and increasing to two thirds of the fleet within the next few years. In total, the cost of pollution control investments driven by CAIR is estimated to reach approximately $40 to $45 billion."
IHS offers a wide range of solutions to address those environmental and sustainability issues that are becoming an increasingly important business concern, from material selection to hazardous waste disposal to emissions. For more information about IHS ecoAssetManager or other environmental solutions from IHS, please visit [ http://www.ihs.com/Solutions/environment.htm ].
About IHS ([ www.ihs.com ])
IHS (NYSE: IHS) is a leading global source of critical information and insight, dedicated to providing the most complete and trusted data and expertise. IHS product and service solutions span four areas of information that encompass the most important concerns facing global business today: Energy, Product Lifecycle, Security and Environment. By focusing on customers first, IHS enables innovative and successful decision-making for customers ranging from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS is celebrating its 50th anniversary in 2009 and employs approximately 3,800 people in 20 countries.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners.Copyright © 2009 IHS Inc.All rights reserved.
