Satellite and AI-powered solutions provider AiDash launched a carbon measurement and management tool to help organizations unlock the untapped environmental value of corporate land holdings and mitigate the risks of escalating carbon credit pricing.
According to KPMG, more than 75% of the Global 250 already report their carbon-reduction targets. Many are buying carbon credits to offset their organization’s carbon emissions, but this strategy has three big challenges: The cost of carbon credits will rise significantly, up to 3000% by 2029, the validity of carbon credits is hard to guarantee and there are issues of additionality, and the earth doesn’t have enough land to offset all society’s carbon emissions.
While organizations cannot rely solely on purchased carbon credits to meet their net-zero commitments, businesses such as utilities, farming, mining and timber can look to the carbon reduction potential of their own land holdings as a simpler and more affordable way to measure, control, and implement this element of their carbon reduction strategy.
However, this opportunity is being overlooked with businesses currently unaware of the carbon capture potential of their land holdings or how they can build a workable carbon-offset strategy into business operations.
AiDash’s expansion of its Intelligent Sustainability Management System (ISMS) alleviates these challenges by using satellite imaging, combined with AI, to determine the amount of carbon captured in land, predict the potential to capture additional carbon, and help businesses build plans. The solution not only provides measurements that meet carbon credit standards, but also continuous evidence to prove that credits are based on additional carbon captured and that carbon remains permanently captured in the ground, which is crucial for credible ESG reporting.
