The founders of a new carbon software company have set out to make it easy and affordable for small- to medium-sized businesses to take action on climate change.
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The founders of a new carbon software company have set out to make it easy and affordable for small- to medium-sized businesses to take action on climate change.
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LAS VEGAS, NV — (Marketwire) — 11/30/10 — TRIRIGA, INC.
Carbon pricing will become an important part of corporate accounting, particularly in markets where energy emissions are regulated or in industries in which organizations might have to disclose risks associated with their carbon footprint. But regardless of the actual price of carbon, executives at todays Green:Net conference said that carbon software can give companies a view into other inefficiencies in their operations.
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The market for carbon accounting software in the U.S. last year was as small as an average venture capital funding round: about $10 million. But researchers are predicting that the market will boom to some $120 million by next year and $250 million by 2012. Competing for that cash are dozens of startups, as well as big players in the enterprise software field, along with firms that have strayed over from the field of environmental and health compliance.
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Its been less than a year since German software giant SAP bought carbon software startup Clear Standards, but the company has already used the carbon software tool now rebranded SAP Carbon Impact on its own emissions footprint. This morning, in conjunction with its earnings, SAP says its worldwide carbon emissions for 2009 were 425 kilotons, which is a 16 percent drop from the companys reported 2008 levels of 505 kilotons.
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Some people have good reason to be shocked that banks have pulled out of the carbon market, not least recent economics graduates whose dissertations on carbon finance now qualify them only for unemployment. And JP Morgan, which paid a jaw-splitting $204m for carbon trader Ecosecurities last September, must be feeling a little sore. Perhaps it relied on the GHG Emissions Credit Trading report (yours for a mere $397), which predicts a $4.5 trillion carbon market by 2020.
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Competition is heating up in the carbon accounting software market.
Interest among investors and customers about global warming is pushing companies to take action to monitor energy use and emissions. And that has catalyzed a cluster of Bay Area companies, ranging from startups with A-list management teams to offshoots of enterprise software giants like Oracle Corp., to help companies track and manage their emissions and energy use.
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US smart grid specialist EnerNOC stepped up its push into the burgeoning carbon-reporting software market last week with the acquisition of Boston-based developer eQuilibrium Solutions.
The company shelled out an undisclosed sum for eQuilibrium, which provides a software-as-a-service (SaaS) package designed to help firms monitor, audit, and report on carbon emissions from across their operations.
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New software plugs into travel expenses systems to provide instant data on carbon emissions
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Microsoft has added a feature to its Dynamics AX software to help environmentally conscious businesses turn green by managing their carbon footprint.
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Some green software companies set out to track emissions. Others to manage energy-use efficiently. Clear Standards, which just raised $4 million for a Series A funding, is doing both.
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Under the agreement, a software model referred to as CABALA, which can be used to model forest growth over time, has been licensed to CO2 Australia to assist it in the design and management of tree plantings for use in large greenhouse gas abatement projects.
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By Ken Lewis, Sourced From
With reporting deadlines looming for the United Nations Framework Convention on Climate Change, the Ministry for the Environment needs to design, develop and implement a calculation and reporting application for land use and carbon analysis.
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Communications provider AT&T recently launched a new programme on over 300,000 PCs within its organisation to turn the computers off during non-peak hours, saving more than 135 million kilowatt hours of electricity and 123,941 tons of carbon dioxide emissions each year. The power management software from is called NightWatchman, and is currently in use on more than 2.5 million machines worldwide.
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