While nations and the US Federal government are unable to agree on carbon emission standards, it may take action at the state level to get standards in place. Passed and signed into law in 2006, California's AB 32 requires regulations that will reduce CO2 emissions to 1990 levels by 2020. For worldwide emissions to be reduced at significant levels, it is going to take more than just one state enacting a single piece of legislation. Large and small businesses need to adopt uniform carbon accounting principles, they also need to measure all emissions involved in their product or service, i.e. suppliers. As businesses reduce their emissions they will also be reducing their energy costs and improving their bottom line. Consumers also need to become better informed about the products and services they are purchasing. Some retailers are now requiring their suppliers to list their carbon footprint on their packaging.
As the requirements for accurate carbon emission data continues to expand, so will the need for software that can produce results. With this tangential industry will come jobs for programmers, accounting team members, and their support teams.
The Bottom Line: When companies report on all of the emissions generated throughout the supply chain, they can no longer project an inaccurate picture of how green and sustainable they are.
For more information, see Software Advice's original article.