The green invoice

« You can’t manage what you can’t measure ». As Paris gets ready for ten days of snarling traffic and climate diplomacy around the COP21 summit, that old business adage rings true when thinking about pragmatic ways in which we can meaningfully reduce greenhouse emissions.

New technologies, particularly innovations related to the Internet of Things, enable the collection of vast amounts of usage data. By shaping such data into billing based on usage and marginal costs, a powerful tool for environmental change is created:

This new usage-based economy in which smart sensors and sophisticated rating and billing software are coupled to create financial incentives for individual economic agents will have a huge impact on climate change in the coming years since it allows market forces to fully play their role at a granular level. Hopefully, governments and regulators will factor this opportunity into their plans for significant reduction of greenhouse gas emissions.

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