Technology
Innovative Satellite Solutions for Forestry Carbon Assessment
Forests in Thailand
The forests in Thailand are diverse and important for the ecosystem and people's way of life. However, the country's forest area has been steadily declining. According to the latest data, Thailand will still have 101,818,155.76 rai of forest in 2023, which is 31.47 percent of the country's land area. This is a decrease from 2022, when the forest area was 102,135,974.96 rai or 31.57 percent of the country's land area.
How does the CarbonWatch platform facilitate project developers in registering their projects?
CarbonWatch (Forestry and Carbon Credit Management Platform)By using high-resolution satellite imagery technology combined with artificial intelligence and machine learning to analyze and estimate carbon sequestration in the forestry sector, this method has been certified by the Thailand Greenhouse Gas Management Organization (TGO) for its high accuracy and reliability. It helps reduce time and costs in the field survey and can efficiently prepare part of the documents required for project registration (PDD)
What is Carbon Credits?
A carbon credit refers to the right obtained from reducing greenhouse gas or carbon dioxide emissions into the environment (other greenhouse gases are usually measured in terms of their carbon dioxide equivalent). This includes carbon sequestration or absorption through various activities or projects. These rights must be certified by an accredited body in accordance with governmental or internationally comparable standards. In Thailand, the Thailand Greenhouse Gas Management Organization (TGO), a public organization under the Ministry of Natural Resources and Environment, is responsible for analyzing, screening, and certifying carbon credit projects.
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