Idea: Implement CO2 sensors onto commercialize buildings to track how much CO2 they release in the air.
Why?: Help Vizag reach its 2030 emission goals of reducing C02 by 30% and to improve the overall air quality in India.
How?
- Pilot Program
- Government reaches out to all industries and asks them to purchase sensors at break even cost
- In exchange for implementing the sensors, companies get an “ecosense” sticker to put on products marketing their “green“ status
- Purpose of pilot program: To verify that data collection is accurate and data is useful
- Long Term Strategy:
- Government mandated implementation of sensors on all commercial businesses
- various industries
- Utilize data collected for the following:
- Provide citizens with analytics and comparison of various companies’ emissions within industries so they can make the most informed purchasing choice
- They will access this information from the dashboard
- Government will use data to implement a Cap and Trade program
- They will monitor company’s performances through sensor data and collect fines if they are not hitting their goals
- Government will use this data to determine optimal location for solar panels
- By choosing locations of solar panels wisely, you can maximize production and minimize cost, as less panels are required to meet the demand
- Provide Companies with “benchmarking data”
- By knowing their competitors’ emission data, companies will be incentivized to lower their emissions if they are higher than the average
- Benchmarking is a proven method of lowering emissions and energy
- Business Model:
- Pilot Program – Selling Sensors
- Long Term: Cap and Trade, Photo-sensor Solar Panel, Selling Ad Space
- By knowing their competitors’ emission data, companies will be incentivized to lower their emissions if they are higher than the average
- Provide citizens with analytics and comparison of various companies’ emissions within industries so they can make the most informed purchasing choice
Future Tasks that will be researched in the upcoming week:
- Further develop business model showing the estimated cost, projected revenue, and forecasted demand
- Prototype – Design/buy a sensor that can be used in India
Cap and Trade case study to show that this is successful in developing countries
The Energy and Pollution Group
Chaitanya Mittal, Trevor Dowds, Natalie Chyba, Wendy Ho, Mischa Fritz, Amy Nguyen
Good
Excellent project model, but this reflection seems more like a structure of your project than an explication of what you have learned this past week and how you plan to move forward