21 Oct '11, 11am

North America To Lead Carbon Management Market by 2013

North America To Lead Carbon Management Market by 2013

Enterprise demand to monitor and report greenhouse gas emissions will push North America into the global market lead for carbon management software and services by 2013. In a new report, Pike Research forecasts the North American market will be over $1.1 billion, or 41 percent of the global market in 2013. Total worldwide spending on carbon management software and services is predicted to be $5.7 billion by 2017 - an upgrade to a previous Pike forecast of $4.4 billion by 2017 published in the first quarter of 2010. Pike Research senior analyst Marianne Hedin stated, "an overwhelming majority of Fortune 500 companies are voluntarily measuring, managing, and reporting on their carbon emissions," despite the inability of the U.S. Congress to pass a climate and energy bill. Significant drivers for companies to purchase software and services include an emphasis on energy effici...

Full article: http://www.greenbiz.com/news/2011/10/21/north-america-lea...

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