- French environmental intelligence company Kayrros will provide cutting-edge satellite-based monitoring of the Amazon basin to the global carbon ratings agency BeZero Carbon
- The data, derived from Kayrros’ extensive mapping of the Amazon basin, will inform BeZero Carbon’s assessment of voluntary carbon market projects in the region
- The partnership will boost transparency in the voluntary carbon market, helping market participants understand whether projects in the Amazon are delivering on their climate commitments.
Global carbon ratings agency BeZero Carbon is partnering with leading environmental intelligence company Kayrros to map the Amazon basin using satellite imagery and geospatial data to rate carbon projects. Kayrros’ satellite-based data on forest structure and carbon will inform BeZero Carbon’s risk assessments of credits from the region.
BeZero Carbon’s independent ratings assess the quality of carbon credits, providing market participants with the risk-based tools needed to invest in the most environmentally impactful projects. This partnership will see Kayrros’ satellite-based mapping of the Amazon basin feed into BeZero Carbon’s ratings, providing additional high-resolution, real-time data on tree cover and height as well as above-ground biomass, to better understand carbon project effectiveness.
Kayrros uses satellite imagery and analytics to supply companies, investors, and organisations, including the UN Environment Programme, with information and insights relating to wildfire risk, methane emissions and biodiversity, among other key climate data. The company was named one of the world’s 100 Most Influential Companies by TIME, for its precise, independent, verified environmental information.
With carbon markets projected to grow exponentially in the coming years, this partnership aims to bolster data-sharing within the ecosystem and drive investment into the most impactful climate solutions. The voluntary carbon market (VCM) is widely understood to be an important way to accelerate the transition to net zero by combining climate impact and financial returns, provided that forest conservation and afforestation projects are rigorously monitored and documented.
BeZero Carbon and Kayrros deploy extensive knowledge of remote sensing, geoanalytics and AI, and are committed to strengthening accountability and trust in the VCM through the application of robust empirical methods.
Phil Platts, Director of Geospatial and Earth Observation at BeZero Carbon said: “We’re really pleased to be partnering with Kayrros, whose data for the Amazon are at the cutting edge of remote forest monitoring. Combined with BeZero’s in-house models and expertise, this partnership will enhance our ratings and platform experience.
“It’s through data-sharing like this that the VCM can scale, embedding a wide evidence-base into environmental investments.”
Kayrros Chief Analyst and Co-founder Antoine Halff, said:
“We’re pleased to be forming this partnership with BeZero Carbon, and bring together expertise and experience in our respective fields to promote greater transparency and accountability to the voluntary carbon market,” he said.
“With robust, independent, verifiable and empirical data, we can get a precise understanding of carbon credit performance and communicate that understanding in a clear and standardised way. Kayrros and BeZero Carbon share a commitment to ensuring that all climate action is underpinned by information and insights of the highest possible quality.”
About BeZero Carbon
BeZero Carbon is a global ratings agency for the voluntary carbon market. Combining expertise across climate science, finance and policy, it provides ratings, risk, and data tools that improve information accessibility and decision making. Its aim is to build markets for environmental impact.
Kayrros is a global environmental intelligence company and world leader in earth and asset observation technology. Kayrros collects data from satellite imagery and uses AI and geoanalytics technology to provide insights that help companies, investors and regulators reduce their emissions, protect people and assets from extreme weather events and accelerate the transition to a lower carbon economy.