Planet Releases AI-powered Forest Carbon Monitoring Product — World’s First Global Scale Forest Monitoring System at 3-Meter Resolution
24 9월 2024 - 9:58PM
Business Wire
Planet Labs PBC (NYSE:PL), a leading provider of daily Earth
data and insights, today released its Forest Carbon Monitoring
product, consisting of quarterly, 3-meter resolution measurements
of forests globally. This new product offers partners and customers
an unprecedented dataset to support voluntary carbon markets,
regulatory compliance, and deforestation mitigation.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240924630576/en/
Planet forest carbon data showing the
region of Putamayo in the Amazon rainforest. This visualization was
created from their Forest Carbon Monitoring product. (Photo:
Business Wire)
“The climate crisis is the biggest challenge humanity faces in
the 21st century, yet our greenhouse gas emissions are still
rising,” said former U.S. Vice President Al Gore. “Planet’s Forest
Carbon Monitoring system is an important tool that helps the world
monitor, protect, and manage one of the important resources in
absorbing carbon from the atmosphere — our global forests. This
kind of information is vitally important to governments,
scientists, and advocates working to safeguard humanity’s
future.”
This quarterly dataset estimates aboveground carbon, canopy
height, and canopy cover over the entire Earth dating back to 2021,
setting a new standard for monitoring forest growth and change.
Forest Carbon Monitoring equips stakeholders with a cost-effective
way to monitor forested areas — scaling from a single tree to the
entirety of the Amazon rainforest.
In order to measure forest carbon stocks, stakeholders typically
use ground measurements, fly expensive airborne missions over
select areas, or pay for temporally and spatially patchy satellite
data. But by leveraging Forest Carbon Monitoring data — built using
Planet’s extensive archive of PlanetScope imagery and a global
library of airborne and spaceborne LiDAR data, with processing by
AI — users can derive precise, scalable, and affordable
measurements without sacrificing scientific rigor.
Achieving this level of granularity at a consistent cadence is
indispensable for emerging voluntary carbon markets and
governments. For countries implementing policies to reduce
deforestation and sequester carbon, establishing an accurate
baseline to quantify the current state of their forests is a
critical step. Then they can draw on Forest Carbon Monitoring data
to track changes and assess policy impact and effectiveness.
“To protect our planet and preserve its resources, we have to
value carbon and nature into our economy. Step one is measurement.
To date we faced the choice between tape measures around tree
trunks, which is accurate but not scalable, or inaccurate global
systems. Planet’s forest carbon data is meant to fix that gap:
scalable and precise forest carbon data, at the individual tree
level, updated quarterly,” said Planet CEO and co-founder Will
Marshall. “We believe this dataset will underpin global carbon
markets — a multi-trillion dollar transition.”
Forest Carbon Monitoring can be leveraged by companies aiming to
comply with the new EU Deforestation Regulation (EUDR). Measuring
tree canopy and carbon stock change of sourcing regions can help
mitigate and track any commodity-driven deforestation risks. And in
the case of EUDR, ensuring compliance can help companies avoid
fines and help jurisdictions sustainably maintain agricultural
exports.
Planet partner, BeZero Carbon, a global ratings agency for
carbon markets, gained exclusive early access to the Forest Carbon
Monitoring product and has leveraged it to further enhance its
carbon ratings methodologies. With the 3-meter resolution dataset,
BeZero’s carbon ratings offer insights with increased granularity
and spatial accuracy. Last year, BeZero was also the first partner
to utilize Planet’s Forest Carbon Diligence product, an archive of
30-meter resolution forest carbon data going back as far as 2013.
Leveraging both of Planet’s Forest Carbon products — the deep
archive of data and the high-resolution monitoring data — BeZero’s
customers can better manage risk in their investments and closely
track the performance of carbon projects.
“Tackling climate change requires significant investment in
carbon projects. BeZero Carbon’s 80-strong science team
interrogates these projects using the most timely and complete data
possible, so that investments can be made with a clear view of
credit quality,” said Dr. Phil Platts, VP of Geospatial and Earth
Observation at BeZero Carbon. “Planet’s Forest Carbon Monitoring
product is the first and only dataset delivering high cadence,
global forest carbon estimates at 3-meter resolution. That level of
granularity can make a big difference for monitoring forest
intactness, management practices, or scattered trees on
farmland.”
Platts continued, “We rate hundreds of projects, of all kinds,
all over the world. Doing so requires an enormous range of data,
which we evaluate and combine project by project. Having Planet
data in the mix is incredibly helpful, and we are using it to
detect individual trees, right up to jurisdictional
accounting.”
About Planet Labs PBC
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites. Planet provides mission-critical data,
advanced insights, and software solutions to over 1,000 customers,
comprising the world’s leading agriculture, forestry, intelligence,
education and finance companies and government agencies, enabling
users to simply and effectively derive unique value from satellite
imagery. Planet is a public benefit corporation listed on the New
York Stock Exchange as PL. To learn more visit www.planet.com and
follow us on X (Twitter).
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version on businesswire.com: https://www.businesswire.com/news/home/20240924630576/en/
Planet Press Lauren Neville Cottrell comms@planet.com
Planet Investor Relations Cleo Palmer-Poroner ir@planet.com
Planet Labs PBC (NYSE:PL)
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