Mila Luleva: Why Would a Bank Care About Satellite Images? (Spoiler: It's Carbon Credits) - MBM#41
Minds Behind Maps
How Much a Carbon Removal Unit Costs?
We generate one carbon removal unit or we measure the growth of biomass in a one-year period of time. And then you measure previous year, this year, measure the difference and then convert that into a carbon removal unit. So with that information, we go back to how much a carbon removal is. One carbon removal unit was sold for 30 euros. For a large farmer, 180 euros makes no difference in a year. You can imagine that this is not really profit that they can benefit from. In the global side, let's say Zambia, Kenya, Tanzania, India, 180 euros per year for a farmer that's sometimes double their income. This is where you really make a difference
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