Green Carbon, Inc. will speak at the COP29 “Japan Pavilion” seminar in Azerbaijan on November 14

Introducing the Use of Earth Observation Satellite Data in Voluntary Credits

Green Carbon, Inc. (CEO: Jun Okita, hereinafter “Green Carbon”) will participate in the Japan Pavilion*1 at the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29*2), held from Monday, November 11 to Friday, November 22, 2024, in Baku, Azerbaijan. Green Carbon’s COO, Seno, will speak at the seminar titled “Utilization of Earth Observation Satellite Data in Voluntary Credits” (hereinafter “the Seminar”), hosted by the Japan Aerospace Exploration Agency (JAXA).

In this seminar, Seno will discuss how Green Carbon utilizes Earth observation satellite data as evidence for its paddy field project, which creates carbon credits through methane gas reduction.

Overview of the Seminar

With the recent growth of the carbon credit market, transparency and verification costs have emerged as key challenges to ensuring reliability. Earth observation satellite data is gaining attention as a solution, allowing for efficient monitoring of large-scale projects while maintaining cost-effectiveness and enhancing reliability. This seminar aims to deepen understanding of the utility of Earth observation satellite data in carbon credit transactions from the perspectives of both space agencies and private companies.

〈Overview〉

Organizer : Japan Aerospace Exploration Agency (JAXA)

Location : Baku, Azerbaijan

Date : November 14, 2024, 14:00–15:15 (local time)

URL : https://www.env.go.jp/earth/cop/cop29/pavilion/exhibition/details/045/

Agenda     ：

○Opening Remarks:

MAEJIMA Hironori | Senior Chief Officer of Earth Observation Missions, JAXA

○Presentation 1: “Earth Observation Satellites Contributing to Carbon Credits”

OCHIAI Osamu | JAXA

○Presentation 2: “Utilization of Satellite Data by Voluntary Credit Certification Bodies”

TBC | Verra

○Presentation 3

Frank Martin Seifert | European Space Agency (ESA)

○Presentation 4: “Potential Applications and Future Prospects of Carbon Credit Development Using Remote Sensing Data”

IZUTSU Sami | Carbon Solution Business Unit, Sumitomo Corporation

○Presentation 5: “Utilization of Satellite data for the Nature Based Carbon Credit”

SENOO Takato | Green Carbon, Inc.

○Panel Discussion

○Closing Remarks:

TAKATSUKI Aya | Deputy Director of the Environment and Energy Division, Research and Development Bureau, MEXT

Background of Green Carbon’s Participation

Since last year, Green Carbon has been selected as one of the demonstration themes for JAXA’s ALOS-2 commercialization demonstration, advancing a project that develops carbon credits through methane gas reduction in paddy fields utilizes satellite data. The project analyzes water level data from the target fields and satellite observation data from the Advanced Land Observing Satellite-2 (ALOS-2) with its onboard Synthetic Aperture Radar (SAR), providing objective evidence for methane reduction and enhancing the transparency of created credits. Invited by JAXA, Green Carbon will share its insights on monitoring greenhouse gas reductions using satellite data.

As part of “Corporate Initiatives Utilizing Satellite Data,” Green Carbon will introduce the application of satellite data for reducing methane emissions in rice cultivation. Additionally, Green Carbon will engage in discussions with space agencies and voluntary credit certification bodies on challenges and future expectations for satellite data usage.

Speaker Profile

Green Carbon, Inc. COO/Director : Takato Senoo

With extensive experience in domestic and international project development for LNG terminals and power plants at a major energy company, Seno also established a representative office in the Philippines and handled investments in business ventures. Later, Seno launched a local subsidiary for a major medical device company in the Philippines, establishing its sales framework. Currently, as Director/COO of Green Carbon, Seno oversees all aspects of international business development, focusing on project management and business expansion across Southeast Asia.

※1：COP29

The Conference of the Parties (COP) is held annually based on the United Nations Framework Convention on Climate Change (UNFCCC), which was adopted by the United Nations in 1992. Serving as the supreme decision-making body of the Convention, it facilitates discussions on international efforts to address climate change.

※2：Japan Pavilion

Japan Pavilion is an exhibition and seminar hosted by Japan’s Ministry of the Environment during COP29, aimed at showcasing Japan’s technologies and initiatives for climate change mitigation and the promotion of decarbonization.

Upcoming Global Event Participation Schedule

Date	Location	Event
5-7 November	Netherlands (Hague)	GITR Global Meetup 2024
14 November	Japan (Tokyo)	GRIC 2024
4 December	Africa	Africa Investment Forum
8 December	Saudi Arabia	Saudi Arabia Space Debate
11 December	UAE	Abu Dhabi Space Debate