Föra: AI and remote-sensing tool that gauges forest carbon stock and vegetation disturbances with multiple modules
Föra Forest Technologies’ tool, Förecast, is a forest intelligence tool that estimates the carbon stock available in the forest and measures other forest variables using remote sensing and artificial intelligence developed by Föra. Förecast leverages artificial intelligence and remote sensing to assess carbon stock in forests and offers transparent monitoring of vegetation disturbances. The tool comprises four modules: traditional inventory, LiDAR inventory, satellite and LiDAR integration, and forest simulations. Föra is among the winners of the Bioregions Open Innovation Challenge launched in 2022 and secured second place in the 2020 ESA Digital Twin Earth Challenge.
Zerti Carbon: Cutting-edge technology for climate-smart forestry, allowing users to offset emissions
The Zerti Carbon app provides detailed data to landowners about tree growth and carbon capture, ensuring transparent traceability. By digitising forests and utilising advanced technologies such as drone scanning, LiDAR, machine learning, augmented reality, and AI to analyse the forest’s carbon sinks, the app establishes a system where individuals and companies can offset their carbon emissions by purchasing carbon credits. Zerti Carbon is one of the winners of the Bioregions Open Innovation Challenge launched in 2022.
Carbon markets play a crucial role in the complex network of climate solutions; they facilitate the exchange of carbon credit emissions permits and create incentives to reduce greenhouse gas emissions. These markets, whether regulated by governing bodies or projects aiming to reduce emissions, create dynamic environments where environmental responsibility and economic incentives intersect.
Change through forest carbon markets
Carbon farming – approach to sustainable land management – employs reforestation, afforestation, forest and peatland restoration, and agroforestry to capture carbon. This practice addresses climate change mitigation and generates carbon credits, known as carbon offsets.
These credits represent the CO2 captured and stored in the forest, with the added benefit of being exchangeable within carbon markets. Institutions, organisations, and individuals can buy these credits to offset carbon emissions.
The social benefit is thatcommunities, farmers, and landowners become integral market players; they can earn income from sustainable land management practices that enhance carbon sequestration. This synergy between incentives and environmental stewardship encourages adopting sustainable practices.
Challenges and opportunities
As the market for carbon credits increases, some challenges need to be addressed. For example, avoid double counting emissions reductions and removals, and ensure that any reduction in emissions or increase in carbon sequestration occurs because of the sale of carbon credits.
These challenges require innovation and implementation of technologies to improve transparency and effectiveness across the value chain. Besides assisting in developing the carbon market, digital technologies also play a key role in inventory management, monitoring, reporting, and carbon monetisation.
Xilva: Comprehensive project grading for informed sustainable forest investments
Xilva’s project grading enables corporates and impact investors to decide on the right sustainable forest project. Xilva GRADE enables investors to fully understand sustainable forest projects across all relevant dimensions (Impact, Financial Viability, Leadership and team, Project Design, Safeguards, and Growth Potential) along the entire investment cycle and thus invest with confidence in forests.
Kanop: Nature-based analytics with space-borne LiDAR and AI for comprehensive ecosystem insights
Kanop is a data analytics company specialising in nature-based solutions and science-driven impact assessment for ecosystems. With a platform measuring ecosystem data through user-friendly interfaces, the company uses space-borne LiDAR and AI models for forest mapping, inventory, volume measurements, reporting, and carbon storage estimation. Kanop has secured US$1.1 million in pre-seed funding to support its initiatives.
Arbonics: Carbon solutions through data-driven forest management and optimisation
Arbonics is a technology-based carbon company that assists landowners and businesses in growing and managing forests. The platform focuses on helping landowners find suitable land plots for new forests, generate carbon credits, optimise existing forests for carbon and biodiversity, and offer quick carbon opportunity assessments using Arbonics’ data models and services. Thus, landowners find new income sources from forests while improving the voluntary carbon market. They have received €1.8 million in pre-seed funding to develop its data-driven tool for landowners further.
CarbonStack: A platform for forest carbon offset investment
CarbonStack is a company that creates forest reforestation initiatives to remove carbon dioxide from the atmosphere and offers businesses sustainable investment opportunities in climate protection projects in different regions. They employ scientific modelling, remote sensing, and climate modelling to determine the carbon capture potential of each project, issue carbon credits, and provide a platform for contributors to visualise and monitor their investments. The company has received grants and seed investments to support its mission.
CO2Offset: Software as a Service (SaaS) solution to calculate the carbon dioxide sequestered in forests
CO2OFFSET is a start-up that connects companies that want to offset their carbon emissions with forest owners. The solution measures the carbon stored in the forests; it offers various services such as automated carbon credit sales, AI-managed credit wallets, machine learning algorithms, standardised blockchain-based credits and transparent contracts. Lands registered with CO2OFFSET also receive free forest management consultation.
Ecobase: Carbon offsetting and income generation for landowners with buyer collaborations
Ecobase is a company specialising in European afforestation and forestry carbon projects, working with landowners to profit from carbon removal income while reducing emissions. By planting trees on underutilised land and providing carbon removal and emission offset, Ecobase partners with various buyers, offering them different financial options and managing projects from registration to implementation.
Forests capture and store carbon are crucial in mitigating climate change. Carbon farming, which applies land management practices that increase the amount of carbon stored in soil and vegetation, is an excellent strategy to exploit forests’ potential to contribute to climate goals.
Still, incentives to promote adopting climate-friendly practices need to be widespread across Europe.
The forest carbon market has become economically attractive for businesses to offset emissions and for landowners to support them financially while contributing to forest conservation and restoration. This fast market development raises the necessity to secure sustainability across the chain.
This requires implementing and scaling up solutions that measure and monitor carbon accurately, support small and medium landowners, create rigorous verification schemes and incentivise fair market conditions.
To promote such innovations, the European Forest Institute – Bioregions Facility has launched the third series of Forestry Speed Dating (FSD), an online event series to support innovative solutions in the bioeconomy. This series will explore how to unlock the potential of forest carbon markets with innovative solutions.
The solutions will be presented in a four-event format September–December 2023, ranging from carbon measuring, monitoring, and reporting to carbon marketplaces.
Registration for the Unlocking forest carbon markets – Event 1 of the FSD 3rd Series on 14 September 2023 at 14:00 CEST (new date) is now open; meet and connect with Skoog and Treemetrics innovators and learn more about their solutions, ask questions and find ways for collaboration—don’t miss out and register now.
ForestMap is an online platform developed by Agresta that calculates forest inventories based on remote sensing technologies such as LiDAR and Sentinel 2. ForestMap offers detailed forest inventory reports and provides information such as the wood stock in a forest plot and other key decision-making data you can easily request from your computer.
Kelluu produces small, autopilot airships that can stay in the air (almost) permanently. Kelluu airships can be loaded with three kilograms of any modern sensors. Then they continuously move or float in place, collecting and transferring data wherever needed. Kelluu provides continuous aerial inspection or surveillance with their airships as a service.
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