2024.11.14 Thu.
- 14:00 - 15:15
- Use of Earth Observation Satellite Data for Voluntary Credit
- Organizer
- Japan Aerospace Exploration Agency (JAXA)
- Details
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Abstract
In recent years, there has been a growing trend in the establishment of carbon credit exchanges, accompanied by a corresponding rise in trading volumes. In Japan, the Tokyo Stock Exchange has established a carbon credit market in 2023. On the other hand, there are challenges to overcome in the carbon credit market, including ensuring the reliability of the calculation of absorption and emission reductions, and reducing verification costs. To address these challenges, remote sensing data, such as data from Earth observation satellites, is being increasingly utilized.
In this seminar, we will discuss how Earth observation satellite data is useful for ensuring the transparency and reliability of evidence required for carbon credit trading, which is becoming increasingly active around the world, as well as issues and future expectations for satellite data utilization, from the viewpoints of space agencies and private companies.Program
Opening Remarks
- MAEJIMA Hironori | Senior Chief Officer of Earth Observation Missions, JAXA
Presentation 1; Contribution of Japan’s Earth observation satellites to carbon credit
- OCHIAI Osamu | JAXA
Presentation 2; Reflections from the Second Forum on EO for Carbon Markets
- Frank Martin Seifert | European Space Agency (ESA)
Presentation 3; Satellite data utilization in voluntary credit certification
- Andrew Copenhaver | Verra
Presentation 4; Potential Applications and Prospects of Remote Sensing Data in Carbon Credit Development
- IZUTSU Sami | Carbon Solution Business Unit, Sumitomo Corporation
Presentation 5; Utilization of Satellite data for the Nature Based Carbon Credit
- SENOO Takato | Green Carbon, Inc.
Panel Discussion
Closing Remarks
- TAKATSUKI Aya | Deputy Director of the Environment and Energy Division, Research and Development Bureau, MEXT
- Session Summary
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This seminar discussed the use of satellite data in carbon credit trading. JAXA and ESA introduced their initiatives, while private companies, Sumitomo Corporation and Green Carbon Inc., showcased examples of using satellite data for mangrove planting in Indonesia and methane emission management in rice paddies. In addition, the voluntary credit certification organization, Verra also spoke about challenges and expectations, and exchanged views with JAXA. It was an opportunity to explore further opportunities for the use of satellite data in carbon credit trading in the future.
Opening remarks by MAEJIMA Hironori (JAXA) 
Introducing examples of the use of satellite data 
Panel Discussion 
About 50 people attending event on-site
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