Earth data and insights specialist Planet Labs has entered a multi-year, seven-figure partnership with climate finance group Laconic. This collaboration aims to drive sustainable carbon trading solutions, leveraging advanced data and AI-powered platforms.
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Enhancing Carbon Market Insights with Satellite Data
Under the agreement, Laconic will integrate Planet’s Forest Carbon Monitoring and Diligence products to enhance its AI-driven Sovereign Carbon securitization platform. This partnership will span the next three years, with a focus on improving carbon trading decisions.
By using Planet’s satellite-derived data, Laconic aims to provide governments and investors with more accurate insights for confident participation in carbon markets.
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Planet’s Forest Carbon Products
Planet’s Forest Carbon products provide advanced geospatial insights, enabling accurate carbon trend tracking. Laconicwill use these tools to offer real-time tracking, AI-powered verification, and structured data for efficient global carbon securities trading.
Planet’s 3-meter Forest Carbon Monitoring product delivers quarterly estimates on aboveground carbon, canopy height, and canopy cover. This data spans a global scale, with archives going back to 2021.
Planet’s 30-meter Forest Carbon Diligence product tracks aboveground carbon from 2013, providing insights into forest change over time. Together, these products set a new global standard for forest carbon monitoring, helping to validate carbon credits more reliably.
Transforming Carbon Trading and Forest Conservation
The collaboration between Planet and Laconic aims to establish a more reliable system for generating and trading sovereign carbon—financial assets derived from deforestation reduction. By combining Planet’s satellite data and Laconic’s financial expertise, the partnership looks to reshape how natural capital is valued and traded.
Strategic Vision for a Sustainable Future
Planet Labs CEO Will Marshall expressed excitement about the partnership, stating that using Forest Carbon data will enable governments and investors to make informed decisions, transforming how the world sees and values forests.
Laconic CEO Andrew Gilmour emphasized the exceptional data resolution provided by Planet’s products, positioning the collaboration as a game-changer in the global carbon market.
The partnership aims to support sustainable markets, advance carbon credit verification, and promote forest conservation on a global scale, ultimately enhancing carbon trading systems for a greener future.