Software company Carbonetworks on Monday is expected to announce it has secured $5 million in series A financing, led by clean-tech venture firm NGEN Partners.
The company's software could be described as a carbon accounting package. It allows corporations to do an inventory of their greenhouse gas emissions and provides them with an application to manage a program to cut down on those emissions.
A company could, for example, achieve reduction goals by making data centers operations more efficient or purchasing carbon offsets.
There are already regulations in Europe to restrict emissions of carbon dioxide, a greenhouse gas. But … Read more