Laos is making strides in boosting its monitoring of carbon credits through the utilization of satellite technology.
The Lao Government recently entered into a Memorandum of Understanding (MOU) with Carbon Credit Laos (CCL) and Carbon Registry Thailand (CRT) to collaborate on the use of advanced AI satellite technology for calculating carbon credits.
This collaboration aims to improve the measurement of carbon content in forests across Laos and the broader ASEAN region.
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By implementing continuous monitoring, the country can ensure the preservation of the value of carbon credits. The accurate measurement of carbon content will also help attract more investors interested in supporting initiatives that reduce CO2 emissions and preserve forests.
Thongphath Vongmany, the Deputy Minister of Agriculture and Forestry in Laos, expressed pride in the country’s leading role in utilizing remote sensing technology for carbon credit programs in the region.
He highlighted that Laos is setting a strong example by incorporating satellite applications to calculate carbon credits, stressing the importance of this technology in preventing fraud, reducing expenses, and expediting procedures.
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Phouseuth Keophouvong, serving as the Chairman of CCL, has made it clear that their company is committed to utilizing the most advanced technology for calculating carbon credits.
On the other hand, Director Chalat Sundara, speaking on behalf of CRT, the third partner in this partnership, emphasized that we are moving into a time of increased transparency when it comes to carbon credits, and soon the true value of carbon credits will be apparent to all.
This partnership marks a significant advancement in the Reducing Emissions from Deforestation in Developing Countries (REDD) initiative and is the first instance of Southeast Asia incorporating such cutting-edge technology to detect and prevent false carbon credit data.
With almost 16 million hectares of forests, Laos holds great potential for similar initiatives in the future. Government officials have indicated that this 170,559-hectare project is just the beginning of efforts to boost the monitoring of carbon credits in the region.
