Roadworks-IQ pty ltd

Exhibitor

This year, Asphalt IQ launched  Carbon Vault  IQ, a  digital platform developed to turn real-world carbon savings from highway maintenance and infrastructure projects into traceable carbon credits-creating a new revenue stream opportunity for highways companies. 

This means highways companies will soon benefit from new revenue streams to enable them to invest in new maintenance projects or innovative plant and equipment, thanks to a new digital system that accurately measures carbon reduction. This then produces carbon credits that can either be stored, passed on or sold.

CarbonVault-IQ, developed by the founders of Asphalt IQ, is the highways industry’s first ever fully digital carbon credit platform that turns real-world carbon savings from infrastructure and highways projects into traceable carbon credit assets.

For the first time in the highways sector, this will enable companies to develop new revenue streams each time they remove more carbon from the maintenance process.

The launch of CarbonVault IQ also aligns with new government rules that will require councils to reveal exactly how well they repair their roads, letting public hold them to account long-term preventative repairs to be prioritised over costly 'patch up' fixes, saving motorists hundreds of pounds a year on pothole related repairs.

Carbon data is captured digitally in real time through the Asphalt-IQ apps while the work is being delivered on site. Things like treatment type, material volumes, site activity, location data, timestamps, transport information and project evidence are collected as part of the normal operational workflow. CarbonVault-IQ then compares that live project data against a detailed and defined business-as-usual baseline to calculate the carbon reduction achieved.

Once the relevant carbon credit methodology has been independently verified, and the overall system has been independently audited, those verified project reductions can be issued as digital carbon credit assets.

Money obtained from converting the carbon into credits is paid out using dynamic methods, meaning not everything is paid upfront and further payments will be related to how the road performs over the longer term. So, for example, if a road has surface dressing applied, users of CarbonVault will receive more money if the road requires no interventions after say five and then ten years. No interventions or reactive repairs on the road means no further carbon has been omitted over the lifecycle of the road.

The highways and infrastructure sector not only has a huge carbon problem, but it also has a problem with the data it collects as well.

A lot of carbon reporting on highways projects is still too manual, too slow and too dependent on generic assumptions. People are often using broad averages, spreadsheets, or post-project calculations, and that makes it very difficult to prove what actually happened on site.

CarbonVault-IQ solves that by creating a digital MRV system, which means monitoring, reporting and verification, specifically for highways and infrastructure.

CarbonVault-IQ changes everything for the highways sector. It allows properly recorded infrastructure carbon reductions to become traceable, tradable carbon credit assets for the first time ever in the UK, creating new revenue streams for highways businesses.

Carbon credits are becoming important because the pressure to decarbonise is increasing everywhere. Governments, investors, major companies and public-sector clients all have carbon reduction targets, but many organisations cannot eliminate all emissions immediately.

Credible carbon credits provide a way of recognising verified reductions or removals and allowing those reductions to be transferred to buyers who need them.

The market is moving away from vague claims and towards credits backed by strong evidence, transparent data and proper audit trails.

At the moment, if a contractor or highways authority delivers a lower-carbon project, the benefit is usually just reported and then disappears into a sustainability report. There is often no financial asset created from that reduction. But now, this can be commercialised.

 

What are the outcomes and benefits of using CarbonVault-IQ?

 

*The first benefit is better carbon evidence. Instead of relying on generic reporting, clients and contractors can show project-specific data with a proper digital audit trail.

*The second benefit is speed. Because the process is automated and digitalised from data capture through to credit issuance, the industry can move away from slow, manual, fragmented carbon reporting.

 

*The third benefit is commercial. If carbon savings can be converted into credible carbon credits, then lower carbon methods can create a financial return as well as further on-going environmental benefits.

 

Let us help you with  your carbon  measurement challenges-come and chat to us on STAND D31

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