Precision forestry company Natural Capital Exchange, or NCX, has launched the Basemap forest dataset – a carbon credits map that shows landowner-generated CO2 credits available for purchase across the United States.
With its technology, the San Francisco-based company aims to democratize access to natural capital markets and empower companies to support local landowners by purchasing carbon credits. On the map, users can explore enrolled forested acres state by state, see supply in their area, and hear landowner stories.
The Basemap offers a precise assessment of the carbon and timber potential of each acre in the country and provides information on the habitat quality and suitability for individual species.
NCX’s most recent annual landowner payments reached $2.5 million, which sequestered over two million metric ton-years of carbon across 1.17 million forested acres.
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“The world needs more innovations to bend the arc of emissions toward net zero and beyond,” said Zack Parisa, CEO and co-founder of the company. “At NCX, we help forests and communities thrive by democratizing the benefits of carbon-removing incentives.”
Established by Parisa and Max Nova, NCX gathers together foresters, biometricians, economists, and programmers that work to create a better understanding of forests and a more advanced ability to manage these complex ecosystems.
NCX has received concept note acceptance from Verra on its methodology and is working to obtain full certification from the organization that develops and manages standards for CO2 emissions reductions.
Earlier this year, NCX raised $50 million in a Series B financing round led by Energize Ventures, securing partnerships with J.P. Morgan, Intercontinental Exchange (ICE), Dalus Capital, and Clearvision Ventures.
NCX participants include Microsoft, South Pole, and Cargill, and the company uses data from organizations like NASA and the United States Department of Agriculture (USDA).
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