Fairatmos Targets Democratization of Carbon Market

Fairatmos Targets Democratization of Carbon Market Access through Technology , Fairatmos, a technology startup , sees that there is a wide opportunity for the community to contribute in absorbing greenhouse gas emissions. However, challenges are unavoidable.

For example, the technical capability is limited to meet the required standards for calculating the carbon sequestration potential. Understanding this, Fairatmos also tried to develop a platform to support the development of carbon sequestration projects for communities to interested corporations.

“We want to make it easier for people to access the carbon market and we are committed to providing equal access for all carbon market participants. Starting from project developers, experts, donors, and balancers,” said Natalia Rialucky Marsudi, CEO of Fairatmos in an official statement

One of Fairatmos’ strategies to achieve their goal is to launch a campaign called #RestoreAtmosphere. This initiative is a collaborative campaign between organizations, universities, and businesses that want to actively contribute to restoring balance to the earth’s atmosphere.

 

Fairatmos Targets Democratization of Carbon Market

 

Absorption of greenhouse gas emissions, especially carbon emissions, is indeed a big challenge until now. The reason is, this leads to global warming which needs to be resolved immediately.

The United Nations (UN) has also asked governments in various countries to keep the average global temperature increase below 2 degrees Celsius above pre-industrial levels with a target of 1.5 degrees Celsius.
Scientifically, if the earth’s temperature rises more than 1.5 degrees Celsius, the impacts of climate change will be more dangerous, not only for humans but also for the entire ecosystem.

“The carbon market mechanism is present as a solution. However, challenges come from the difficulty of setting up carbon sequestration projects due to technological barriers and financial needs. Therefore, Fairatmos uses technology to provide the public with easier access to the carbon market,” Natalia said.

Fairatmos launched its first product last week, namely the Digital Pre-Feasibility Study (Pre-FS) for carbon sequestration through mangrove conservation. This Pre-FS Digital Platform helps the carbon verification process in a succinct manner thereby saving time and money.

 

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Some of the Digital Pre-FS projects currently being implemented by Fairatmos include a mangrove restoration program in Muara Badak Ulu and Handil Terusan villages in East Kalimantan and a mangrove restoration program in Cilacap, Ujungalang Village in West Java.

“All of these projects involve farming communities and local business initiatives, with the aim of improving environmental ecosystems such as agroforestry and mangroves, preserving natural habitats such as mangrove trees, creating tourism opportunities with ecotourism, and facilitating local business initiatives in mangrove products,” said Natalia.

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