Revolutionizing Carbon Credit Monitoring

Revolutionizing Carbon Credit Monitoring

Carbon credit monitoring solution, deployed by Italian forestry body, provides a scientific basis for boosting credibility[…]

Commissioned by: NTT DATA
Assignment: Case Study

(Download the case study here or from the NTT DATA website.)

In the forestry sector carbon credits have a key role to play in incentivizing sustainable forestry management practices,such as reforestation and improved forest conservation methods.The credits these activities generate can provide a new and diversified source of revenue, which can be used to fund further sustainable initiatives, and open up new commercial opportunities with environmentally responsible businesses and investors.

The Client

Calabria Verde is an Italian public body engaged in forestry activities and the management of the forest biomass in the Calabria region.

The Challenge

Carbon credits have been marred by controversy relating to issues of accountability and transparency, as well as the long-term effectiveness of some projects generating these credits.

Inadequate monitoring and verification protocols can lead to inaccuracies in reported emissions reductions, undermining the credibility of carbon credit projects. One particular controversy surrounds the concept of additionality, where it’s challenging to prove that a project is genuinely reducing emissions beyond what would have occurred naturally.

These challenges have spurred the development of monitoring systems to ensure that projects claiming carbon credits are truly reducing emissions.

The Solution

By implementing advanced monitoring technologies, such as satellite imaging, IoT sensors, and AI-based data analysis, CO2Sink provides real-time, publicly accessible data about emissions and sequestration activities.

This data accuracy and transparency creates trust among stakeholders and investors, ensuring the quality and credibility of the real socio-environmental impact of the forestry projects in which Calabria Verde participates.

CO2Sink includes several modules, adaptable according to the need of the investor and the area of interest. In particular, this module of CO2Sink designed for Calabria Verde features the following:

  • Seamlessly integrates satellite data with information garnered from strategically deployed sensors in Calabria’s forests.
  • Utilizes the Eddy Covariance method, a scientific approach enabling precise measurement of greenhouse gas exchanges between ecosystems and the atmosphere.
  • AI algorithms that are leveraged to process vast datasets, offering nuanced insights into the intricate relationship between vegetation and CO2 levels.
  • Blockchain technology that provides a transparent and immutable ledger, preventing double counting and ensuring the uniqueness of carbon credits.

The Results

The first installation of CO2Sink took place in the summer of 2022 in the forest known as ‘Parco Lardone’ and allows the actual absorption of CO2 to be measured in real time over a forest area of about 5,600 hectares.

The project successfully demonstrated not only the effectiveness of the various technologies employed, but also proved how the CO2Sink platform can easily be scaled up to cover larger areas by combining field measurements from IoT devices with satellite data.

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