The MERS will feature an enhanced online emissions reporting system with the ability to generate emissions reports, a verification module, the support of both mandatory and emissions reporting and a level of flexibility, navigation and ease-of-use.

Markit, will offer MERS and the Misys Environmental Trading Platform (METP) as premium services on its environmental platform.

Niall Cameron, executive vice president at Markit, said: “By working jointly with Misys, our aim is to support our clients in their efforts to implement their greenhouse gases emissions management and reporting policies.”

Bob Barthelmes, executive vice president & general manager of Misys Open Source Solutions, said: “Our aim is to deliver a world-class environmental trading system to help organizations manage their greenhouse gas (GHG) emissions. Markit is the ideal partner to assist us in our go-to-market strategy and we look forward to working with them in shaping this market.”