Climate startup Arbonics raises €1.8m pre-seed funding from Taavet Hinrikus and Plural to shake up the voluntary carbon market with data-driven tool for landowners

Providing high-quality credits to the voluntary carbon market Providing high-quality credits to the voluntary carbon market Carbon credits have become a means for carbon emitters to offset emissions by investing in projects that remove or reduce emissions from the atmosphere. According to the company's analysis, the 160 million hectares of forested land in the European Union alone has the potential to capture and store up to two gigatonnes of additional carbon annually – equivalent to...

Europe, 15/09/2022 (informazione.news - comunicati stampa - ambiente)

Carbon credits have become a means for carbon emitters to offset emissions by investing in projects that remove or reduce emissions from the atmosphere. According to the company's analysis, the 160 million hectares of forested land in the European Union alone has the potential to capture and store up to two gigatonnes of additional carbon annually – equivalent to 73% of the EU's total CO  emissions  in 2021. Demand is set to grow by a factor of 15 by 2030 as more businesses and consumers want to be able to invest in carbon reduction schemes to offset their emissions.

Arbonics will make it easier for landowners to analyse and calculate the ability of their land to absorb carbon. It takes less than one minute for the platform to analyse the carbon opportunity of a given area of land or forest, using a dozen data sources combined with the team's forest expertise. It can carry out analysis of unused land and also provides a custom solution for existing forests which generates carbon credits through adapted forest management practices.

This enables landowners to generate additional income whilst also providing proven, high-quality nature-based carbon credits that are certified by leading verification providers like Verra for the voluntary carbon market. Through this, Arbonics is at the forefront of a movement towards a more localised impact by providing opportunities for European credit buyers to invest in European forests.

Arbonics has brought together an all-star team combining forestry, carbon and business experience from Apple, American Express, Starship Technologies and World Wildlife Fund to build the platform. The company is also working closely with a team of geospatial data scientists from the University of Tartu; the collaboration has been vital in developing the automated and data-backed tool, while also ensuring that all analysis is rooted in the latest science.

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