Silicon Valley startup APX, maker of a trading platform that certifies carbon and emissions offsets, said on Monday that Carol Browner, former EPA administrator in the Clinton Administration, will be joining its board.
Browner brings with her some high-level — and particularly appropriate — credentials. During her tenure at the EPA, Browner oversaw the implementation of the nation’s first cap-and-trade system for emissions, which dramatically alleviated the northeast’s acid rain problem and has been the model for a potential carbon cap-and-trade scheme. Prior to that, Browner cut her teeth as legislative director for then-Senator Al Gore.
Founded in 1996, APX develops software on which emissions offsets are created, tracked, managed and retired, effectively making them a middleman in the emerging environmental and energy markets. Tracking serial numbers and associated account numbers isn’t glamorous, but it’s crucial to ensuring that a carbon market runs smoothly.
Currently APX systems power a number of regional offset registries, including the Western Renewable Energy Generation Information System and PJM Environmental Information Services. Just last month APX raised $14 million of funding from Goldman Sachs.
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