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Why Tracking Carbon Emissions Is Suddenly A Billion Dollar Opportunity

As extreme weather events roiled communities around the world this summer, businesses and governments are feeling more pressure than ever to respond to climate change. Tracking emissions has historically been difficult, because the methods for tracking a company’s carbon footprint are all over the place. In the U.S., corporate sustainability reporting remains unstandardized and largely voluntary. But the landscape looks better in Europe, as a recently adopted proposal is set to expand the number of companies that must produce sustainability reports. That measure will also require more detailed and standardized disclosures and impose mandatory audits. That’s where companies like Plan A and Planetly come in. These Berlin-based startups make software that helps companies monitor, report and reduce their carbon emissions, and the market for their services is booming. Meanwhile, apps like Klima, which help individuals offset their own personal emissions, are also growing rapidly. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why Tracking Carbon Emissions Is Suddenly A Billion Dollar Opportunity