Remote tracking of carbon emissions and sequestrations.
ESA AI Kickstart program, Rockstart, Plug&Play, IoT Tribe, Google Startup Advisor, SEIF program
Until very recently, land assets lacked carbon footprint measurement and transparency due to the limitations of available tools, which, besides being manual and costly, provided estimations with high uncertainties. The existing process of carbon verification of land and nature-based solutions is highly dependent on third-party audits, including on-site visits and measurements. This makes it extremely costly and only large-scale projects can afford such measures. Furthermore, the evaluations are based on sample measurements and statistical assumptions, which mask variations and real project efficiency.
CarbonSpace's technology offers historical data, provides monthly estimations for any number of assets and surrounding areas, and is much more cost effective and scalable than traditional solutions. The major current target groups are food, forestry and carbon offset players.
The solution democratises access to data and verification solutions for small and medium players to access green financing and allows them to play a role in the global effort to mitigate the climate crisis. In addition, CarbonSpace helps developing countries track their carbon footprint and progress towards climate goals in a cost-effective way.
Through data, they have empowered 30+ organisations in 15+ countries totalling over 3 million hectares.
Their global coverage allows them to serve customers in any country but the major focus is on Europe and the Americas. In the long term, the focus will also expand to the public sector to help governments establish effective monitoring tools and incentive schemes on national and regional levels. They are already working with several farming associations to provide visibility on how carbon footprint is distributed across various sectors of the economy.