CarbonMonitor™ is an automation and optimization tool, which tracks monitoring data with greater transparency and efficiency. CarbonMonitor will enable all project participants to be able to track all changes in monitoring data in close to real time. It uses a unique formula engine to implement approved methodologies for data calculation and determination of emission reductions. All data entries are fully auditable. The monitoring calculation tool enables all methodologies to be included within CarbonMonitor, which in turn offers flexibility and simplifies the process. The emissions reduction report clearly documents all of the equations included in the calculation. In addition, project managers will have the ability to schedule and assign data collection tasks for any period.