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How a new class of climate startups could get a boost from the SEC

TechCrunchTechCrunch · 7m
How a new class of climate startups could get a boost from the SEC

The Securities and Exchange Commission (SEC) is set to vote on a climate disclosure rule that would require companies to disclose greenhouse gas emissions. If adopted, this rule would provide investors with information on climate- and energy-related risks faced by public companies. Many startups specializing in carbon tracking and disclosure could benefit from the SEC's proposed rule, including Arcadia, Watershed, Planet FWD, CarbonChain, and Bend. These startups offer various solutions for measuring, tracking, and reporting carbon footprints, aiming to help companies comply with potential reporting requirements. Additionally, advancements in AI have enabled more accurate estimation of Scope 3 emissions, further driving the market for carbon accounting startups.

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