The net emissions data channel is a data channel representing the net emissions of an entity, which could be an organization, a building, or even a person. It is the sum of all the emissions from different channels such as the utility emissions channel, plus offsetting Renewable Energy Certificates and carbon offsets. It could be on a public or permissioned ledger network. The net emissions could be recorded as tokens, such as the Carbon Emissions tokens developed by the Interwork Alliance.
Note that the carbon emissions token is a fungible token, whereas data on the utility emissions channel are non-fungible, as they represent the emissions from a particular meter tied to a particular utility during a particular period of time. This is a common feature of transforming non-fungible data into fungible tokens and could be handled in the same way as securitizing mortgage loans into mortgage-backed securities, bundling stocks into exchange traded funds, and other financial structures. The non-fungible data, such as the utility emissions records, should be updated to link to the particular fungible token. The fungible token should contain a manifest of all the non-fungible data which went into it.