On Thursday, Alibaba Cloud launched a carbon management platform called Energy Expert for business clients. Through a prebuilt calculation model, the platform can help firms measure, analyze, and manage the carbon emissions of their business activities and products. The model can utilize public emission factors datasets and the software’s proprietary datasets to quantify the carbon footprints. The platform also has an expert team to assist firms in carbon estimation management. Alibaba Cloud reported a net profit in the financial year of 2021, the first time since its establishment in 2009, with a 21% yearly increase. Alibaba Cloud accounted for 7.4% of the global market share of Infrastructure as a Service (IaaS), ranking third after Amazon and Microsoft in 2021, according to IDC. [TechNode reporting]
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