IRELAND’S $1.9BN GLOBAL SPACE WATCH PROJECT GIVES
ACCURATE FINDINGS ON FOREST CARBON CREDIT ESTIMATES

IRISH-based Treemetrics, a global leader in forestry management software, has signed a contract with the European Space Agency valued at $1.9 billion.

Under the two-year contract, Treemetrics will be utilising satellite imaging, data analytics and its advanced forest measurement technology to provide more accurate forest carbon credit estimates.

The global demand for forest carbon credits is growing larger every year, having nearly quadrupled in 2021, driven by an increasing desire from companies and individuals to reduce their carbon footprint.

Many organisations across the globe are voluntarily committing to this and investors are demanding the utilisation of high-quality carbon projects. The planting of trees and the restoration of forests is an important part of the global fight against climate change and accurate forest measurement is imperative to this.

Treemetrics, which is headquartered in Cork, Ireland, has been providing technology-based solutions to the global forestry industry for the past 18 years. The company provides solutions to clients in more than 40 countries by utilising mobile applications, remote sensing, data mining and satellite communications technology and tailors them for maximum benefit for the forestry industry.

Treemetrics CEP Enda Keane said the measurement and management of forests would be a key factor in the global community’s efforts to tackle the effects of climate change and to live and operate sustainably.

“It is essential that we accurately measure and harness one of our greatest natural resources, forests, and this is what Treemetrics has been working on since its foundation,” Mr Keane said.

Ireland’s Minister of State for Business, Employment and Retail Damien English said the announcement highlighted the importance of the government’s continued investment in the European Space Agency which provides companies like Treemetrics with free access to space data in order to develop their innovative technologies.

“Treemetrics are a fantastic example of an innovative Irish company playing its part in helping to reduce greenhouse gases by helping to provide more accurate carbon capture data for forest owners,” Mr English said.

In June, Treemetrics announced that the company’s forest management software platform will harness European Space Agency technology to bring greater transparency to forestry certification.

Treemetrics has spent a number of years developing new technology to replace the traditional forestry methods which have been in place for more than 100 years. Nowadays Treemetrics provides pioneering solutions to the global forest industry in more than 40 countries.

Among others, Treemetrics has developed an innovative and dynamic management system for natural resources that provides a wide range of tools to analyse, manage and display the available data in sensitive areas, including earth observation and field data. Treemetrics’ solution utilises recent technological advances in mobile applications, remote sensing, data mining and satellite communications technology and tailors them for maximum benefit for the forestry industry.