FAQ
- About Forest.io
- Carbon offsets
- Product
- Our satellite technology
- Blockchain
About Forest.io
About Forest.io
What is the purpose of our company?
Forest.io is a cleantech AI company that aims to protect our planet by disrupting the voluntary carbon market with transparent offsets. The driving force behind Forest.io's creation is the urgent need to support both businesses and local communities in their battle against climate change. Our unwavering commitment is to assist these key players in achieving a greener, more sustainable future for everyone.
How does Forest.io empower companies to combat climate change?
According to the Intergovernmental Panel on Climate Change (IPCC) under the auspices of the United Nations, achieving rapid decarbonization of at least 50% by 2030 is non-negotiable to avert catastrophic climate consequences.
The IPCC panel urges policymakers to implement rapid, deep and in most cases immediate greenhouse gas emission reductions. Attaining these ambitious goals requires both insetting and offsetting initiatives to even stand a chance against the challenges of climate change. However, numerous businesses encounter technological and other constraints that hinder further emission reductions. This is where carbon offsets prove invaluable, offering businesses an immediate solution to mitigate their carbon footprint. Our mission at Forest.io is to cater to these businesses with high-quality carbon offsets that genuinely contribute to the well-being of our planet.
How does Forest.io support local communities and NGOs?
We place equal emphasis on fostering the sustainable growth of local communities and businesses. Our efforts align with the 17 United Nations’ Sustainable Development Goals, covering areas such as poverty alleviation, access to decent work opportunities, encouragement of technological innovations and beyond. In fact, we have pledged to allocate 30% of our proceeds toward these vital initiatives.
Moreover, countries with rich rainforest habitation frequently lack the necessary resources and funding to safeguard and reforest vulnerable regions affected by illegal logging and other deforestation practices. By working closely with local governments and NGOs, we aim to make a tangible difference in the preservation and restoration of our planet's most precious ecosystems.
How does Forest.io plan to revolutionize the Voluntary Carbon Market?
The Voluntary Carbon Market holds enormous potential, with experts projecting the market size to increase 15-fold in just one decade. However, this rapidly expanding market needs a leader to pave the way and elevate industry standards. At Forest.io, our core values embody precisely what the carbon market needs to thrive: high-quality carbon offsets, transparency, and verifiability.
Carbon offsets
Carbon offsets
What is a carbon offset?
Carbon offsets serve as a means to support endeavors that mitigate, prevent, or sequester carbon dioxide emissions. By purchasing a carbon offset, a company is essentially funding a project that removes or prevents the release of carbon dioxide or other greenhouse gases into the atmosphere. Such projects encompass a wide range of activities, from forest preservation and reforestation to the advancement of renewable energy sources and the promotion of energy-efficient solutions. By supporting these initiatives, the company is helping to reduce the overall amount of greenhouse gases in the atmosphere, which can help combat climate change.
Can my company claim carbon neutrality with carbon offsets provided by Forest.io?
Yes, clients will be able to claim carbon neutrality by purchasing and retiring carbon offsets provided by Forest.io. Carbon offsets represent a reduction in greenhouse gas emissions or removal of carbon dioxide from the atmosphere, which can be used to offset a business's own emissions.
What is the future of Voluntary Carbon Market?
The voluntary carbon market is expected to play an increasingly important role in addressing the challenges posed by climate change. As more and more businesses and individuals strive to reduce their carbon footprint and achieve carbon neutrality, the demand for high-quality carbon offsets is likely to grow due to external pressure from investors, state governments, NGOs, stakeholders or consumers. The market has seen significant expansion in recent years, with current estimates amounting to $2 billion.
However, this is just the beginning, as experts predict continued growth and project that the market could be worth up to $1 trillion by 2037.
Product
Product
How does it work?
1. Clients choose a subscription plan to lease a plot of forest based on their needs.
2. The physical forest is transformed into a digitalized forest, enabling near real-time tracking, as well as the use of additional analytical tools for improved monitoring and assessment.
3. As the land begins to absorb CO2, a corresponding number of tokens are generated for every unit of CO2 sequestrated by the forest.
4. These tokens can offset carbon footprint or serve as a sustainable investment.
Which Forest.io subscription plans can my company choose from?
Forest.io offers two subscription plans that clients can choose from.
Protection: The protection plan offers companies the chance to safeguard a portion of the rainforest's precious biodiversity, starting with a 1-year commitment and providing the option to prolong their subscription for additional years as desired. By preserving the land, companies play an active role in protecting our planet's delicate ecosystem.
Reforestation: The reforestation plan presents companies with the opportunity to plant native trees on their leased land for a period of 3 years. Following this period, the reforestation plan is transformed into the protection plan, focusing on the preservation of the forest’s rich biodiversity.
What is the range of land size available for lease?
The base unit for land lease is 1 hectare and there is no upper limit on the size of land that can be leased. For larger companies, we encourage them to contact us so we can provide customized solutions to fit their specific needs.
What is a digitalized forest?
A digitalized forest is a unique digital representation of a client's leased forest area. It is created for each individual plot of land and varies depending on the chosen subscription plan, whether it be for reforestation or protection purposes.
Everything you need to know about Forest.io tokens
Forest.io tokens are units generated by the leased land and each one represents 100kg of absorbed CO2. They can be then used to offset a client company's carbon footprint. A certificate will be issued after retiring carbon offsets and can be included in the company’s ESG reports. Holding the tokens should also be viewed as an economically viable option as they can generate significant future revenue.
Our satellite technology
Our satellite technology
What are the benefits of Forest.io satellite technology?
Forest.io state-of-the-art satellite technology, powered by our trusted partner SpaceKnow and augmented by proprietary AI algorithms, combines data from multiple sources to identify key forest features such as density, height, health, and more. This allows for extremely precise estimates of a client's plot of land, resulting in high-quality carbon offsets. Additionally, our technology provides ongoing forest monitoring, giving companies the option for near real-time tracking of their leased land.
What is the process?
Our satellite technology collects data on the designated land and generates a baseline prediction of carbon sequestration by comparing historical data with the project boundary. This allows us to accurately calculate the carbon content of the land. After the initial assessment, our technology continually monitors the land's development and any changes through near real-time tracking. This ensures that our carbon offsets are of the highest quality and that we can make adjustments as needed to maintain their accuracy.
What is near real-time tracking?
Near real-time tracking is a feature enabled by our satellites that allows users to monitor their land in almost real-time. Users gain access to valuable insights about their forest's health and status, such as wildfire alerts, deforestation tracking, or flood warnings. By utilizing this tool, our clients are empowered to take the necessary action to protect and maintain their land.
Blockchain
Blockchain
How is blockchain technology used to track and verify carbon offsets?
By leveraging blockchain technology, all transactions related to carbon credits are recorded on an immutable and decentralized ledger, providing an added layer of verification and accountability. This increased transparency helps to prevent fraud and double-counting of carbon credits, which in turn ensures that the environmental impact of carbon offset projects is accurately reflected in the market.
How are my tokens stored?
Forest.io provides built-in wallets where companies can securely store and manage their tokens. Our user-friendly interface allows for easy asset management, and users have the option to store their tokens externally using a third-party crypto wallet if they prefer. With these secure storage options, clients can have peace of mind knowing their tokens are always safe and accessible when needed.
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