Treemetrics, which was founded in 2005 by Enda Kane and Garret Mullooly, has developed new technology to replace traditional forestry methods.
Under a new two-year, €1.2 million contract with the ESA, Treemetrics will utilise satellite imaging, data analytics and its forest measurement technology to deliver forest carbon credit estimates.
Enda Keane, chief executive of Treemetrics, said the new project will play an important role in building greater trust and transparency in the growing forest carbon credit market.
“The measurement and management of forests will be a key factor in the global community’s efforts to tackle the effects of climate change and to live and operate sustainably,” he said.
“It is essential that we accurately measure and harness one of our greatest natural resources, forests, and this is what Treemetrics has been working on since its foundation.”