New markets emerge for carbon accounting businesses as cities like LA push proposals

Comment

GettyImages 1155300963
Image Credits: Getty Images under a license.

Earlier this month, Los Angeles became the latest city to task its various departments with prepping a feasibility study for deploying new software and monitoring technologies to better account for its carbon footprint.

LA’s city council initiative, led by council member Paul Koretz, follows a push from the state legislature to mandate that all businesses operating in California that gross over $1 billion annually disclose their greenhouse gas emissions and set science-based targets to reduce those emissions.

California is far from the only state in the U.S. that’s feeling the disastrous effects of global climate change, but it’s among the most aggressive in trying to address the causes. Whether that’s a dramatic effort to remove fossil fuels from its power supply or the proposal to make businesses accountable for their contributions to climate change, California has been a leader in trying to encourage the adoption of new technology and services that can mitigate the impact of climate change and reverse course on the production of greenhouse gas emissions.

With this move, Los Angeles wants to hitch its wagon to this momentum and is actively looking for tech businesses that can help with carbon accounting.

That means good things for companies like CarbonChain, Persefoni, ClimateView and SINAI Technologies, which all have offerings meant to help with carbon accounting and management.

It shows that some of the largest cities, with billion dollar budgets, will open their wallets to pay for the tools they need to get a better handle on how they’re contributing to the climate change that threatens their own citizens.

In Los Angeles, the city council tasked the Los Angeles Bureau of Sanitation and chief legislative analyst to report back on the feasibility of developing or buying technology to provide a more accurate accounting of the city’s carbon footprint.

“The City provides a number of services — from lighting and maintaining municipal buildings, facilities and streetlights, to paving roads and operating a transit fleet, and delivering water and operating reclamation facilities — all of which come with environmental impacts,” said council member Koretz in a statement earlier this month. “If we’re going to take our carbon reduction goals seriously, and make a real difference in the lives of frontline communities near LAX and the Port of Los Angeles, we need a better, more consistent, and more transparent accounting of our emissions.”

Los Angeles has steadily worked to give climate change and climate friendly policies a more central role in political discussions. Roughly two years ago, in July 2019, Los Angeles set up an office of climate emergency and earlier this year Mayor Eric Garcetti launched the climate emergency mobilization office to coordinate activity between civic leaders, the mayor’s office and the city council. 

Budget hasn’t been allocated for the accountability plan, but people familiar with the city council’s plan expect that implementation could begin in the 2021-2022 budget cycle.

Los Angeles has tried to address its carbon footprint in the past, but the efforts weren’t very successful. The study was conducted using historical emissions data and did not include the “scope three” emissions, which refer to the greenhouse gas emissions created by service providers for the city’s operations.

As the City of Angels looks to improve its ability to provide accountability and metrics on its contribution to climate change, it could do worse than look at the standard that’s been set by New York City. Under the Bloomberg Administration, carbon accounting and resiliency measures became a priority — even before Hurricane Sandy made clear that the city was highly exposed to climate and weather-related disasters.

That 2012 storm inflicted nearly $70 billion in damage and killed 233 people across eight countries from the Caribbean to Canada.

The disaster only furthered New York’s resolve to be more aggressive with its climate action. The city has a robust accounting program for emissions from its operations and is moving forward with policies across the city to reduce greenhouse gas emissions from the built environment, transportation and industry.

“Data drives decision-making and without data, we cannot chart a path toward a zero-emission future,” said council member Joe Buscaino. “Today’s generation of leaders must continue to address climate change with urgency and be held accountable to the goals we set for Los Angeles, and this motion sets us on the path to do just that.”

Corporate sustainability initiatives may open doors for carbon offset startups

More TechCrunch

Today marked the kickoff of Apple’s WorldWide Developer Conference (WWDC), the annual event where Apple announces some of the biggest features headed to its devices, apps and software. And this…

The top AI features Apple announced at WWDC 2024

A Finnish startup called Flow Computing is making one of the wildest claims ever heard in silicon engineering: by adding its proprietary companion chip, any CPU can instantly double its…

Flow claims it can 100x any CPU’s power with its companion chip and some elbow grease

Five years ago, Day One Ventures had $11 million under management, and Bucher and her team have grown that to just over $450 million.

The VC queen of portfolio PR, Masha Bucher, has raised her largest fund yet: $150M

Particle announced it has partnered with news organization Reuters to collaborate on new business models and experiments in monetization.

AI news reader Particle adds publishing partners and $10.9M in new funding

The TechCrunch team runs down all of the biggest news from the Apple WWDC 2024 keynote in an easy-to-skim digest.

Here’s everything Apple announced at the WWDC 2024 keynote, including Apple Intelligence, Siri makeover

Mistral AI has closed its much rumored Series B funding round with General Catalyst leading the round. The company has secured €600 million (around $640 million at today’s exchange rate)…

Paris-based AI startup Mistral AI raises $640 million

Cognigy is helping create AI that can handle the highly repetitive, rote processes center workers face daily.

Cognigy lands cash to grow its contact center automation business

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved…

ChatGPT: Everything you need to know about the AI-powered chatbot

Featured Article

Raspberry Pi is now a public company

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate.

2 hours ago
Raspberry Pi is now a public company

Hello and welcome back to TechCrunch Space. What a week! In the same seven-day period, we watched Boeing’s Starliner launch astronauts to space for the first time, and then we…

TechCrunch Space: A week that will go down in history

Elon Musk’s posts seem to misunderstand the relationship Apple announced with OpenAI at WWDC 2024.

Elon Musk threatens to ban Apple devices from his companies over Apple’s ChatGPT integrations

“We’re looking forward to doing integrations with other models, including Google Gemini, for instance, in the future,” Federighi said during WWDC 2024.

Apple confirms plans to work with Google’s Gemini ‘in the future’

When Urvashi Barooah applied to MBA programs in 2015, she focused her applications around her dream of becoming a venture capitalist. She got rejected from every school, and was told…

How Urvashi Barooah broke into venture after everyone told her she couldn’t

Slack CEO Denise Dresser is speaking at TechCrunch Disrupt 2024.

Slack CEO Denise Dresser is coming to TechCrunch Disrupt this October

Apple kicked off its weeklong Worldwide Developers Conference (WWDC 2024) event today with the customary keynote at 1 p.m. ET/10 a.m. PT. The presentation focused on the company’s software offerings…

Watch the Apple Intelligence reveal, and the rest of WWDC 2024 right here

Apple’s SDKs (software development kits) have been updated with a variety of new APIs and frameworks.

Apple brings its GenAI ‘Apple Intelligence’ to developers, will let Siri control apps

Older iPhones or iPhone 15 users won’t be able to use these features.

Apple Intelligence features will be available on iPhone 15 Pro and devices with M1 or newer chips

Soon, Siri will be able to tap ChatGPT for “expertise” where it might be helpful, Apple says.

Apple brings ChatGPT to its apps, including Siri

Apple Intelligence will have an understanding of who you’re talking with in a messaging conversation.

Apple debuts AI-generated … Bitmoji

To use InSight, Apple TV+ subscribers can swipe down on their remote to bring up a display with actor names and character information in real time.

Apple TV+ introduces InSight, a new feature similar to Amazon’s X-Ray, at WWDC 2024

Siri is now more natural, more relevant and more personal — and it has new look.

Apple gives Siri an AI makeover

The company has been pushing the feature as integral to all of its various operating system offerings, including iOS, macOS and the latest, VisionOS.

Apple Intelligence is the company’s new generative AI offering

In addition to all the features you can find in the Passwords menu today, there’s a new column on the left that lets you more easily navigate your password collection.

Apple is launching its own password manager app

With Smart Script, Apple says it’s making handwriting your notes even smoother and straighter.

Smart Script in iPadOS 18 will clean up your handwriting when using an Apple Pencil

iOS’ perennial tips calculating app is finally coming to the larger screen.

Calculator for iPad does the math for you

The new OS, announced at WWDC 2024, will allow users to mirror their iPhone screen directly on their Mac and even control it.

With macOS Sequoia, you can mirror your iPhone on your Mac

At Apple’s WWDC 2024, the company announced MacOS Sequoia.

Apple unveils macOS Sequoia

“Messages via Satellite,” announced at Apple’s WWDC 2024 keynote, works much like the SOS feature does.

iPhones will soon text via satellite

Apple says the new design will lead to less time searching for photos.

Apple revamps its Photos app for iOS 18

Users will be able to lock an app when they hand over their phone.

iOS 18 will let you hide and lock apps