FinSoul: Massive growth predicted for carbon reporting software market.

Jan. 25, 2010 - PRLog -- FinSoul has learned of a new report from analyst firm Groom Energy Research, showing that as more and more companies begin measuring and reporting their carbon emissions, the U.S. market alone is set to grow seven fold in the next 2 years.

The report found that despite the depressed economic climate venture capital investment into Enterprise Carbon Accounting (ECA) firms reached more than $46 million last year.

FinSoul believes the study also indicated that the number of firms offering carbon software solutions had increased from 40 to 60 over the last twelve months, with big guns Microsoft and Computer Associates (CA) also premiering their software applications.

The research predicted that while a consolidation among carbon software firms was expected, the market size would see similar exponential growth as more companies moved toward carbon reporting and large purchasers such as Wal-Mart brought increased pressure on suppliers to provide environmental data and become more environmentally friendly.

"In light of the economic climate, sales growth for ECA software shows the importance of this emerging category," FinSoul believes the author of the report said. "From politicians like Al Gore and Condoleezza Rice getting involved with startups, to Microsoft, CA, and SAP, entering the market, our prediction that 2009 would be the year of enterprise carbon accounting came to fruition."
He added that the next two years would see “explosive growth” for the market.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.