By: The Carbon Herald
Earth data and insights specialist Planet Labs (NYSE: PL) has announced a multi-year, seven-figure partnership with climate finance group Laconic to drive sustainable carbon trading solutions.
Under the agreement, Laconic will utilize Planet’s Forest Carbon Monitoring and Diligence products to enhance its AI-driven Sovereign Carbon securitization platform over the next three years.
“We are very happy about this partnership with Laconic. By getting our Forest Carbon data into their expert hands, we’re excited to see how governments and investors start to make informed carbon trading decisions – changing how we see and value our essential global forests,” Planet CEO Will Marshall said in a comment.
Laconic’s SADAR Natural Capital Monetization (NCM) platform offers real-time tracking, AI-powered verification, and structured data for efficient global carbon securities trading.
With Planet’s satellite-derived Forest Carbon products, Laconic gains advanced geospatial insights to empower its customers with accurate trends, correlations, and predictions for confident carbon market participation.
Laconic CEO Andrew Gilmour said that Planet’s Forest Carbon products provide unparalleled data resolution and cadence, stating, “the scope of their product is exceptional.”
Launched in September, Planet’s 3-meter (9.8-feet) resolution Forest Carbon Monitoring product delivers quarterly estimates of aboveground carbon, canopy height, and canopy cover on a global scale, with an archive back to 2021.
Its 30-meter (98.4-feet) resolution Forest Carbon Diligence product offers an archive of aboveground carbon data from 2013, providing insights into forest change over time.
These products set a new standard for monitoring and validating forest carbon at a global scale.
The collaboration between Planet and Laconic aims to establish a reliable system for generating and trading sovereign carbon—a financial asset derived from deforestation reduction.
By combining Planet’s unique data capabilities and Laconic’s expertise, the partnership seeks to redefine how natural capital is valued, supporting sustainable markets and promoting global forest conservation.
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