AI can be applied to carbon offset markets
Startup aims to bring transparency to carbon offsets
Viridios has developed artificial intelligence to enhance price discovery and help match companies with offsets that have suitable characteristics
Fixing a value for carbon offsets is not easy—there are thousands of different project types, technologies and locations—each with its own cocktail of risks. The problem has led a startup company tp develop artificial intelligence (AI) learning technology to help determine the value of the specific sustainable development attributes of each carbon offset, which promises to protect the value of non-carbon elements of each credit. Carbon offsets have traditionally been valued chiefly for the carbon emissions they reduce. The UN’s Clean Development Mechanism, for example, has approved over 8,000 different projects around the world, but the only market-based assessment that exists today is a sin
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