Company Description
What is Carbon Clear?
Carbon Clear is a leading carbon management platform focused on facilitating essential tasks like auditing, offsetting, and reporting emissions for small to medium-sized buildings. In an evolving landscape marked by stringent regulations and a growing need for sustainable practices, our platform plays a critical role in addressing the unique challenges faced by smaller real estate owners.
Some industry background
Economic and environmental factors should compel building owners to proactively seek cost reduction through energy efficiency improvements, yet they haven’t, at least not at scale. Until recently there has been no forcing function to catalyze innovation or explosive growth in the energy consulting industry. That is now changing as major jurisdictions have begun adopting legislation requiring energy audits for residential and commercial buildings to meet carbon emissions reduction goals.
New York City is the first to require this type of audit on a yearly basis for many buildings within its jurisdiction. This legislation is significant as it increases not only the population of buildings that require this type of audit (25,000 sq-ft or larger, reduced from the prior 50,000 sq-ft threshold), but also the frequency of audits (yearly, rather than once every 10 years). Whereas energy audits were previously an occasional inconvenience for building owners, they will now be a regular feature of building ownership,maintenance, and compliance.
The result of these changes will be a huge increase in the demand for energy audits from the energy consulting industry. Notably, because the industry standard pay structure is a per-square-foot model, firms have tended to favor clients with larger buildings and consequently larger profit potential. However, when yearly audits become required by law, there will be a massive influx of small and medium size buildings that firms will need to service without unduly draining their resources or negatively affecting their bottom line.