Taranis and Albo Climate have partnered together to create a new, satellite-based carbon verification. The AI-powered remote sensing technology will verify soil carbon in row crops. Though its initial launch will be in the US, they hope to launch globally soon.
“We are excited to be partnering with Albo Climate. The high costs of measuring and verifying soil carbon credits have prevented more farmers from participating in carbon programs. Automatic and remote sensing of soil carbon would eliminate the farmer’s need to take cumbersome soil sampling, allowing farmers to enter the carbon credit market and increase their ROI seamlessly,” said Taranis President and Co-Founder Ofir Schlam.
Carbon verification is essential to the carbon credit industry – which has grown this past year exponentially. Experts expect it to reach $22 trillion by 2050. It is now valued at $100 billion, up from $300 million in 2018. Many feel this growth is due to COP26 and the Paris Agreement, as companies and governments look to find ways to offset their emissions.
Still, critics feel that the carbon credit industry doesn’t have the oversight it needs. But, if this verification process proves successful, environmental projects used to offset carbon can be measured more accurately. This will help the farmers completing these projects and the industry as a whole. Projects include crop rotation, planned grazing, and the reduction of synthetic fertilizers and pesticides.
“We are putting farmers first on our new platform. To have a true impact on climate change, we need scalable execution and to have as many people on board in the effort as possible,” says Ariella Charny, CMO of Albo Climate.
Carbon credits can offset emissions, improve the atmosphere, and support economic growth. And, as advances in technology strengthen the verification process, the industry will only continue to get better.