Technology Consulting/Tech Services - N/A, N/A, US
In 2015, world leaders met in Paris and agreed on a most ambitious goal to tackle climate change: to limit global warming by 1.5o Celsius.To meet this goal, we need to practically halve the amount of carbon dioxide released into the atmosphere by 2030, and drive emissions down to net zero by 2050.The world is working hard to implement the required radical changes to accomplish these goals, but it will take time.In the meantime, offsetting emissions today through the carbon markets offers an economically viable path to a net zero world.However, the voluntary carbon market suffers from a major obstacle: lack of value transparency.The market for carbon credits is extremely complex and value is hard to gauge because of the opacity of over-the-counter transactions.Added to the challenge is the difficulty in appreciating the inherent value brought by the contributions of carbon projects to the 17 United Nations Sustainable Development Goals (SDGs).Viridios AI solves this problem by bringing value transparency through Artificial Intelligence (AI).Our models are trained on unique datasets of over-the-counter transactions, along with market and geoscience benchmarks.Our flagship solution, the Valuation and Risk Engine (VRE), computes fair value for even the most opaque carbon credits in the market, from the various certification standards, emissions reduction activities, geographies, vintages as well as SDG contributions. Value discovery is crucial in order to remove the obstacles for urgently needed capital flows into achieving the climate and sustainability goals.Viridios AI is here to meet the challenge!
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