Reducing carbon emissions has become a priority for many businesses that aim to be more environmentally friendly and also hope to reduce their long-term expenses.
A new report from Pike Research found businesses are jumping on to the green wave, with manufacturers expected to invest more than $3.4 billion in carbon management software and services during the next seven years, according to the Earth Times.
The research company believes the small carbon management industry, which has an estimated value of nearly $75 million, will boom to $742 million by 2017, the Earth Times reports.
Businesses looking to reduce their carbon footprint may invest in items such as an energy-saving computer, new efficient software or a mercury-free
HDMI projector, which offers sustainability without compromising quality.
Marianne Hedin, an industry analyst, said “carbon management is a strong and growing need for manufacturers around the world.”
Companies need to assess their infrastructures to find ways to better implement sustainable products and services, the Earth Times relays.
Manufacturers and other companies that have yet to introduce clean-energy technology can learn from Colorado businesses, which have seen their profits increase after adding sustainable products. According to the Denver Post, 50 percent of green businesses in the Rocky Mountain region are located in the state.
