Siemens Nominated for Best Supplier and End-User Partnership Award at WWEM 2022
Nov 07 2022
Biosphere Foundation has partnered with Siemens to accelerate digital transformation of the natural capital sector. The partnership has created two critical infrastructure platforms to redirect private investment into the environment and climate markets:
The Natural Capital Marketplace, as an online trading platform to provide the market infrastructure to connect landowners, investors and ecosystem service customers (such as Carbon credits and Biodiversity Net Gain Credits).
The Smart Biosphere Digital Twin provides the infrastructure to monitor, report and validate impact in the environment, bringing together IoT sensors in the environment, big data, machine learning and earth observation.
Both solutions are built on Mendix™, Siemens' all-in-one, low-code application development platform to create a customer portal that enables local farmers, landowners, and carbon/biodiversity credit customers to purchase offsets online. Smart Biosphere additionally benefits from Siemens Industrial IOT framework - MindSphere®- to collect, secure and structure data from multiple sensors and sources within the physical environment, water, and ground-based assets.
Siemens technology has enabled the Biosphere Foundation to accelerate time to market by 65 per cent (Smart Biosphere) and 72 per cent (Natural Capital Marketplace). The solution also enabled quicker decision making based on IoT data analysis results.
"Redirecting private investment to accelerate the rollout of nature-based interventions - such as tree planting and peatland restoration – are critical to addressing the 1.5oC climate challenge,” says Rob Passmore, from the Biosphere Foundation. “To date, we believe the market has lacked the necessary infrastructure to aggregate projects up to investment scale and manage their delivery with low transaction costs and with validation of outcomes.”
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