IOOI analysis -based monetization
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Upright conducts IOOI (Input, Output, Outcome, Impact) based monetization with the following two-step process:
Impact pathway analysis: The IOOI (Input, Output, Outcome, Impact) framework is applied to scope relevant inputs and outputs, and their consequences as outcomes and impacts.
Monetization: Impacts are monetized using monetization factors corresponding to the impacts defined in the impact pathway analysis.
We will demonstrate this monetization approach using harms caused by human-emitted carbon emissions as an example.
Figure 1 summarizes forms of carbon emissions along with their consequences using the structure provided by the IOOI framework.
The monetization factor Upright uses for CO2 equivalent emissions is 417 USD per CO2 tonne, based on .
While there has been an abundance of new research published since that, it has not provided a compelling reason to update the figure, as the 417 USD figure falls well into the (published) margins of error of also newer mainstream research, or simply reflects a slight change in assumptions, such as discount rate ().