The Future Investment Initiative (FII) Institute, in collaboration with Aramco and Arthur D. Little (ADL), has released a white paper identifying artificial intelligence (AI) solutions for the voluntary carbon industry.
Exploring how AI could improve transparency, accuracy and efficiency in the voluntary carbon market, the paper offers practical guidance for organizations working to meet carbon emissions–reduction targets.
AI is addressing evolving challenges in the carbon market such as project identification, cost overruns and regulatory and market complexities. It has become a tool for overcoming issues such as pricing transparency and the risk of greenwashing.
“We see the voluntary carbon markets as a unique and important lever in supporting a practical and orderly energy transition,” said Musaab M. Al Mulla, vice president of market analysis and sustainability at Aramco. “However, for the market to reach its considerable potential to mitigate carbon