Get listed on our Fintech Service Providers Directory Sign Up Here

Space Intelligence to Map Kenya and Tanzania for Carbon Markets

Nature data specialist Space Intelligence will map two African nations to support integrity and transparency in the carbon markets. The maps for Kenya and Tanzania will help to provide a baseline for all Verified Carbon Standard (VCS) projects which aim to stop unplanned deforestation in the countries. Furthermore, the standards agency, Verra, will approve the maps.

To ensure accuracy and validity, the maps will comprise two levels of data: a set of Forest Cover Benchmark Maps covering 2010-2020 and point-based Activity Data showing the precise location of deforestation. Furthermore, Space Intelligence Chief Scientist and Space Intelligence co-founder Professor Ed Mitchard explained. “Using our AI technology, and the consolidated REDD methodology, we will be able to create maps of forest change for the entire country.”

Establishing and allocating deforestation baseline data for entire jurisdictions is one of the ways Verra aims to increase the integrity, transparency, and efficiency of the carbon markets. Traditionally, the development of baseline deforestation estimates for a specific project was the responsibility of project developers, often requiring engaging consultants to create baselines. On the other hand, this new approach takes those responsibilities and decisions out of the project developer’s hands, ensuring Verra oversees the baseline creation process.

Julianne Baroody, Senior Director, Forest Carbon Innovation, Verra, added, “The innovative approach to baseline setting is a key feature of the new consolidated REDD methodology, and we are glad to engage a number of highly-qualified data service providers, including Space Intelligence, for this purpose. Having robust and reliable data about jurisdictional deforestation is essential to ensure that these methodologies continue to drive important climate finance to at-risk forests.

Leave a Reply

🌟 We've Upgraded! Find Us Here: fintechassociation.africa 🌟
Ready to leave the old behind? We've built a brand-new digital home for Kenya's fintech community!
What you get:
💡 The inside track on Kenya's booming fintech scene
🤝 Networking events for power players like you
📰 Up-to-the-minute news to keep you ahead of the curve
🔗 Click here to join the future of finance – innovation awaits!

X