Planet Releases Forest Carbon Diligence Product
November 07 2023 - 9:00AM
Business Wire
Planet Labs PBC (NYSE: PL), a leading provider of daily data and
insights about Earth, today announced the global availability of
its Forest Carbon Diligence product. This global, 30 meter
historical time series of forest carbon, as well as tree height and
cover, is a groundbreaking data product that aims to provide
unprecedented insights into forest change and carbon stocks - a
crucial tool for ensuring accurate carbon accounting.
Traditional high-fidelity forest carbon estimates, such as those
derived from field inventories or airborne lidar campaigns, are
costly and impractical to scale globally. Planet’s Forest Carbon
Diligence and its forthcoming Forest Carbon Monitoring product are
designed to solve the challenges associated with these methods,
bringing improvements in almost every aspect: resolution, accuracy,
frequency, and scalability. Planet’s Forest Carbon Diligence is
powered for scale by Planet’s PlanetScope data, and modeled and
validated with LiDAR reference data, allowing users to evaluate
historical trends, create dynamic project baselines, and quantify
carbon stocks from small projects up to entire countries. These
high quality, accessible, and globally consistent data on the
changing state of the world’s forests are essential for
jurisdictional and voluntary carbon monitoring programs around the
world.
“This dataset brings to market a 10-year archive of forest
carbon globally that’s highly accurate, affordable, and scalable,
helping to solve long-standing challenges associated with measuring
forest carbon stocks,” says Planet co-founder and CEO Will
Marshall. “This is especially important as new regulations push
companies and countries across the world to balance their carbon
books. The first step in meeting this challenge will be obtaining
objective measurements, and with this capability Planet believes we
can underpin global carbon markets – and thus help accelerate the
world’s transition to a sustainable economy.”
This product brings a globally complete dataset and transparent
pricing that offers a cost-effective and scalable solution for
carbon accounting worldwide. Already, Planet customers are finding
significant value in this product. Dr Phil Platts, Director of
Geospatial and Earth Observation at BeZero Carbon, a global carbon
ratings agency and Planet customer, shared: “Planet's Forest Carbon
datasets will be an invaluable addition to our cutting-edge
geospatial analysis and methodologies. This 30 meter global time
series of forest height, tree cover, and carbon will help customers
continue to make more informed carbon credit investments."
To enable even deeper analysis and reporting, Planet plans to
launch its global 3 meter resolution Forest Carbon Monitoring
product in the calendar year 2024. Learn more about Planet’s 30
meter resolution Forest Carbon Diligence product, and the rest of
its Planetary Variables suite of products, at its webpage.
About Planet
Planet is a leading provider of global, daily satellite imagery
and geospatial solutions. Planet is driven by a mission to image
the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites. Planet provides mission-critical data,
advanced insights, and software solutions to over 900 customers,
comprising the world’s leading agriculture, forestry, intelligence,
education and finance companies and government agencies, enabling
users to simply and effectively derive unique value from satellite
imagery. Planet is a public benefit corporation listed on the New
York Stock Exchange as PL. To learn more visit www.planet.com and
follow us on Twitter.
Forward-looking
Statements
Except for the historical information contained herein, the
matters set forth in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including,
but not limited to, the Company’s ability to capture market
opportunity and realize any of the potential benefits from current
or future product enhancements, new products, or strategic
partnerships and customer collaborations. Forward-looking
statements are based on the Company’s management’s beliefs, as well
as assumptions made by, and information currently available to
them. Because such statements are based on expectations as to
future events and results and are not statements of fact, actual
results may differ materially from those projected. Factors which
may cause actual results to differ materially from current
expectations include, but are not limited to the risk factors and
other disclosures about the Company and its business included in
the Company's periodic reports, proxy statements, and other
disclosure materials filed from time to time with the Securities
and Exchange Commission (SEC) which are available online at
www.sec.gov, and on the Company's website at www.planet.com. All
forward-looking statements reflect the Company’s beliefs and
assumptions only as of the date such statements are made. The
Company undertakes no obligation to update forward-looking
statements to reflect future events or circumstances.
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Planet Press Sarah Bates comms@planet.com Planet Investor
Relations Chris Genualdi, Cleo Palmer-Poroner ir@planet.com
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