CarbonFlow raises $2,900,000

CarbonFlow Inc. has raised $2.9 million in its first round of venture funding.  CarbonFlow’s software is being designed for managers of carbon emissions-reduction projects that want to monetize their carbon credits.  For example, a developer could install a solar energy project that replaces the use of kerosene lamps. The reduction in carbon dioxide emissions from that solar array can be sold on carbon trading exchanges.  The credits are bought and sold by heavy polluters in Europe that are mandated to reduce emissions as well as organizations that make voluntary reductions.  CarbonFlow’s hosted software service will give project managers a way to manage projects and provide the audit documentation required to comply with the Kyoto Protocol and other state or regional climate change regimes.