Several Major Industries Making Efforts to Meet Net Zero Goals Through Carbon Credits

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VANCOUVER, BC, March 20, 2023 /PRNewswire/ -- USA News Group  -  Set to be held in November, the UN's Conference of Parties conference ("COP27") has been set with a goal of seeking clarity and concrete guidelines for Voluntary Carbon Market (VCM) players. Last year's COP26 conference in Scotland ended with 632 of the world's largest 2000 public companies by revenue announcing plans to achieve Net Zero greenhouse gas emissions. Efforts are being made across many industries, such as world aviation companies including Delta Air Lines, Inc. (NYSE:DAL), cruise lines like Royal Caribbean Group (NYSE:RCL), banks such as Bank of Montreal (NYSE:BMO) (TSX:BMO), and even energy giants like Freeport-McMoran Inc. (NYSE:FCX) looking to not only reduce their emissions, but supplement their efforts through purchasing carbon credits made possible by a new wave of VCM producers aided by new technologies from groups like AI-driven data collectors, Scope Carbon Corp. (CSE:SCPE).

By providing accurate data, groups like Scope Carbon Corp. (CSE:SCPE) can assist VCM developers, and help reduce verification delays—which have been estimated to cost the VCM $2.6 billion in losses by 2030 if not dealt with.

Through a state-of-the-art technology platform that includes long-range drones, servers, and AI data analysis, Scope Carbon helps landowners large and small to maximize their carbon credit contributions and mitigate any inefficiencies in their systems.

While these operations are themselves creating carbon credits through carbon sequestration and other reduction methods, Scope Carbon's business is built as a carbon market Pick-and-Shovel Play that helps improve things behind the scenes. They do this by providing accurate identification of the characteristics of forests, trees, underbrush, ground and related surfaces, which forms a material part of the overall carbon credit certification process.

Today they boast a portfolio of clients that include ranchers, farmers, and landowners located primarily in the Canadian province of Alberta, and most recently they entered into a product development agreement with Marsman Limited, which has a development team led by Martin Ma, a former early key employee of the Alibaba Group.

"Scope is at the forefront of a rapidly expanding industry and our goal is for Scope's Technology to become an essential tool for project developers of carbon credits and corporations looking towards establishing a net zero footprint," said James Liang, CEO of Scope. "We believe the Company's partnership with Marsman will only enrich the development of the Technology and we looking forward to working and learning alongside out partner Martin Ma and his Alibaba team."