Thanks Carbon, a South Korean climate-tech start-up, is making a significant move into Africa’s carbon market with its innovative Haimdall solution. This technology is designed to target government institutions, large-scale agribusinesses, and individual farmers, offering a new avenue for earning profits through carbon credits.
The Haimdall solution utilizes satellite imagery and artificial intelligence (AI) to help African farmers capitalize on carbon credits. These credits represent the reduction of specific amounts of carbon dioxide or other greenhouse gases, with the aim of mitigating global emissions. By integrating advanced technology, Thanks Carbon aims to enhance the efficiency and accuracy of carbon credit verification processes.
At the AfricArena Nairobi Summit: Africa Climate Tech Week, Angie Jiwoo An, product manager at Thanks Carbon, highlighted the company’s focus on agriculture. The start-up is partnering with farmers to produce carbon credits using proven methodologies. An emphasized the potential for these credits to provide additional income for farmers, which can contribute to improved food security.
Thanks Carbon’s approach is grounded in its successful projects across Asia, including South Korea, Vietnam, and Cambodia. The company sees a unique opportunity to replicate this success in Africa, starting with Kenya. The goal is to leverage technology to make the carbon market more accessible and profitable for African farmers.
Certification of carbon credits is crucial, requiring regular scientific data to verify emissions reductions. Thanks Carbon’s use of satellite imagery and AI addresses this challenge by providing reliable and objective data. This technology simplifies the certification process, making it more cost-effective and less cumbersome for farmers.
By bringing this technology to Africa, Thanks Carbon aims to bridge gaps in the carbon market and support sustainable agricultural practices. This initiative promises to not only benefit individual farmers but also contribute to broader environmental goals across the continent.
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