By building on established carbon modelling and satellite remote sensing techniques, this initiative will provide scientifically validated carbon market intelligence and an automated Monitoring, Verification and Reporting (MRV) system to help organisations in their efforts to reduce deforestation and degradation. This system is designed for use in supporting REDD+ initiatives and aims to significantly reduce the transaction costs incurred in trading forest based carbon.
An important differentiator for this project is that the team will conduct rigorous scientific analysis of the carbon intelligence from the data sources (satellite images and ground samples) throughout the processing chain and will use carbon models to quantify the uncertainties involved and supply users with valuable quality assurance information.
Head of DMCii Product Development, Adina Gillespie, explains: “Earth observation-based carbon models are proven effective for MRV, but we have to accept that we don’t yet have a perfect system. We set out by asking ourselves: How can policy makers and carbon markets put their trust in an MRV system without knowing the uncertainties involved? With this in mind, we will employ end-to-end quality assurance and make the accuracy of the carbon market intelligence from this system available to the user.”
The system will use high–resolution satellite images to produce detailed carbon inventory maps, and will incorporate frequently updated images from Earth observation satellites to determine changes (deforestation, degradation) in forest cover or land use – and therefore the carbon flux – over time.
This innovative project was made possible with investment from the Technology Strategy Board, and brings together carbon intelligence provider Carbon Associates Limited and world renowned remote sensing and carbon sequestration researchers from University College London (UCL) under the leadership of satellite operator and remote sensing solution provider DMCii. The resulting carbon market intelligence products address a market estimated at £16 billion for which the UK has a strong base of skills, experience, research and technology.
Patrick Newton, acting Chief Executive Officer of Carbon Associates, commented, “we are very pleased to have been selected as a consortium partner alongside DMCii and UCL in this Technology Strategy Board backed project. We look forward to delivering increasingly accurate carbon stock accounting data to project developers, financiers and forest owners as they look to trade forest based carbon credits in the voluntary markets and take advantage of the enhanced Carbon Market Intelligence this project will deliver”.
Carbon market intelligence is continuously developing as the science matures and new techniques are developed. By employing rigorous quality assurance throughout its system, the team will be able to test how future improvements influence the reliability of data as the science and techniques of carbon modelling and remote sensing evolve.
About DMC International Imaging Ltd
DMC International Imaging Ltd (DMCii) is a UK based supplier of remote sensing data products and services for international Earth Observation (EO) markets. DMCii supplies programmed and archived optical satellite imagery provided by the multi-satellite Disaster Monitoring Constellation (DMC). DMCii’s data is used extensively in a wide variety of commercial and government applications including agriculture, forestry and environmental mapping.
In partnership with the UK Space Agency and the other Disaster Monitoring Constellation member nations (Algeria, China, Nigeria, Turkey and Spain), DMCii works with the International Charter ‘Space and Major Disasters’ to provide free satellite imagery for humanitarian use in the event of major international disasters such as tsunamis, hurricanes, fires and flooding.
DMCii was formed in October 2004 and is a subsidiary of Surrey Satellite Technology Ltd (SSTL), the world leader in small satellite technology. SSTL designed and built the Disaster Monitoring Constellation with the support of the UK Space Agency and in conjunction with the other Disaster Monitoring Constellation Consortium member nations listed above.
DMC International Imaging Ltd is not affiliated in any way with Intergraph Corp., Z/I Imaging Corp., or their registered trade mark DMC.
About Carbon Associates Limited (CAL)
CAL is a value added processor of remote sensing and ground collected data. CAL applies its proprietary algorithms and statistical analysis to big data sets in order to calculate carbon stock values – and changes in those values over time – for forested and agricultural land. CAL provides processed data sets and index based products to users as a managed service for the delivery of Carbon Market Intelligence.
Carbon Associates Limited is UK based and private equity backed.
About the Technology Strategy Board
The Technology Strategy Board is the UK’s innovation agency; its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit: www.innovateuk.org