Software for the
Green generation
Donnie Maclean, Chief Executive, CarbonRoute Ltd
Software is one of the commodities that has become
a ubiquitous necessity across all industries. It is also
an area in which Ireland has traditionally excelled.
One of the most complex areas in which software
plays a crucial part is the burgeoning green credits
industry.
The EU took the lead in this regard, establishing
the EU Emissions Trading Scheme (EU ETS)
with a view to making certified carbon-emissions
reduction credits into a tradable commodity, thus
influencing behaviour and enabling emitting
companies and governments to meet their
regulatory obligations and reduce overall carbon
emissions.
This is a sector that is set to grow considerably
following the international agreement that was
reached by world governments in Cancun in late
2010.
CarbonRoute has been providing secure software
development services in relation to Ireland’s
National Emissions Trading platform under the
Kyoto Protocol since 2006. Working with the Irish
Environmental Protection Agency (EPA) and the
European Commission under the United Nations
Framework Convention on Climate Change
(UNFCCC), the company holds a great deal of
experience in this niche, but crucial area.
The company also developed and own the IT
platform used by the Irish government for the
world’s first online carbon auction administered
within the largest carbon market, the European
Union Emissions Trading Scheme (EU ETS). It
is estimated that the EU ETS will be worth in the
region of €610 billion by 2013.