The Race to Decarbonize Has Begun

With more countries passing legislation pushing for decarbonization, the race to decarbonize has begun.

The growing threat of climate change has put immense pressure on companies worldwide to reduce their carbon footprint. The race to decarbonize, aided by key pieces of legislation such as the UN Paris Agreement, the European Green Deal or the Net Zero Emissions Bill in the UK, has spurred the development of an array of companies specializing in carbon measurement and decarbonization services. These companies have become crucial in helping businesses and industries track and reduce their carbon emissions.

In this article, we will provide an overview of the main companies operating per continent in the decarbonization market and the services they offer.

North America

North America is home to some of the leading companies in the decarbonization market. These companies are playing a significant role in helping businesses and industries reduce their carbon footprint.

One of the leading companies in the North American market is CarbonCure Technologies. The company has developed a technology that injects carbon dioxide into concrete during the production process, reducing the carbon footprint of the building material. CarbonCure has worked with over 300 concrete producers in North America and has received funding from prominent investors such as Bill Gates.

Another prominent player in the North American market is Carbon Lighthouse. The company provides energy efficiency services to commercial buildings, helping them reduce their energy consumption and carbon emissions. Carbon Lighthouse uses artificial intelligence and machine learning algorithms to optimize building systems and reduce energy waste.

Europe

Europe has been at the forefront of the decarbonization movement, with the EU setting ambitious targets to reduce carbon emissions. The continent has also seen the emergence of several companies providing carbon measurement and decarbonization services.

One of the leading companies in the European market is EcoAct (which was acquired in 2020 by Atos), which provides sustainability consulting services to businesses. The company offers carbon accounting, carbon offsetting, and sustainability reporting services to help businesses measure and reduce their carbon footprint. EcoAct has worked with several large companies, including Microsoft, Heineken, and Orange.

Another prominent player in the European market is ClimatePartner. The company provides carbon offsetting services to businesses, allowing them to offset their carbon emissions by supporting sustainability projects worldwide. ClimatePartner also offers sustainability consulting services to help businesses reduce their carbon footprint and become more sustainable.

Asia-Pacific

The Asia-Pacific region has seen significant growth in recent years, with several companies emerging to provide carbon measurement and decarbonization services.

One of the leading companies in the Asia-Pacific market is Blue Sky Analytics, which uses satellite imagery and machine learning algorithms to track air pollution and carbon emissions. The company provides data analytics services to businesses and governments, allowing them to make informed decisions about reducing their carbon footprint.

Another prominent player in the Asia-Pacific market is Carbon Clean Solutions. The company provides carbon capture and utilization services, allowing businesses to capture carbon emissions and convert them into usable products. Carbon Clean Solutions has worked with several large companies, including Mitsubishi Heavy Industries and Drax.

New entrants in the Asian decarbonization market include SaaS platform players that enable enterprises to measure and manage their Scope-1, Scope-2 and Scope-3 emissions, such as Terrascope or Unravel Carbon.

Africa

Africa has seen the emergence of several companies providing carbon measurement and de-carbonization services, albeit at a slower pace than other continents.

One of the leading companies in the African market is Climate Pal, which provides carbon footprint management services to businesses and individuals. The company offers a range of services, including carbon accounting, carbon offsetting, and sustainability consulting.

Another prominent player in the African market is Carbon-Zero, which provides carbon offsetting services to businesses and individuals. The company works with several sustainability projects in Africa, allowing businesses and individuals to offset their carbon emissions and support sustainability initiatives in the region.

Conclusion

The decarbonization market, although relatively new, is projected to grow at a Compounded Annual Growth Rate (CAGR) of more that 12% between 2021 and 2026, with many companies looking to enter this space in the foreseeable future. And although all the businesses in the carbon-neutral space are believed to play a crucial role in helping industries reduce their carbon footprint and achieve sustainability goals, the companies mentioned above are some of the leading players in the market, with their growth being closely watched by all those sharing an interest in saving our planet.

Ed. If you are interested in exploring carbon measurement offerings, please contact us at editor@indvstrvs.org.