AI-based measurement tool enables carbon offest programmes
AiDash, which develops satellite- and AI-powered operations, maintenance and sustainability solutions, has launched a carbon measurement and management system to help organisations start carbon offset programmes.
The solution is hoped to help organisations like utilities unlock untapped environmental value of corporate land holdings and mitigate the risks of escalating carbon credit pricing.
The programme, an expansion of AiDash’s Intelligent Sustainability Management System (ISMS) uses satellite imaging, combined with AI, to determine the amount of carbon captured in land, predict the potential to capture additional carbon and help businesses build plans.
According to AiDash, the solution provides measurements that meet carbon credit standards alongside evidence to prove that credits are based on additional carbon captured and that carbon remains permanently captured in the ground, which is crucial for credible ESG (Environmental, Social and Governance) reporting.
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“Many organisations will soon be priced out of the carbon emissions market, or they will spend much more than they originally anticipated.” says Abhishek Singh, co-founder and CEO of AiDash.
“An easier path is to run your own offset programme on your own land and mitigate the price risk for carbon. With ISMS you will not need to buy as many credits as before to reach net zero and you might achieve your net zero goal just by using your own land.
“The priority for businesses when it comes to net zero needs to be scope one and two emissions. If all businesses eliminate the carbon emissions they make directly and indirectly, this will automatically address carbon emissions up and down the supply chain,” added Abhishek.
AiDash cites research from KPMG, stating that more than 75% of the Global 250 report their carbon-reduction targets.
Many are buying carbon credits to offset carbon emissions, but this strategy has three significant challenges: The cost of carbon credits will rise significantly, up to 3000% by 2029; the validity of carbon credits is hard to guarantee; there are significant issues of additionality; and there isn’t enough land to offset all society’s carbon emissions.
