Wovoka facilitates the origination of nature-based carbon credit projects across Southeast Asian land types, including forests and coastal areas. The company partners with local communities to implement protection and restoration activities that sequester atmospheric carbon. Wovoka also provides a data platform for users to analyze transactions and existing assets within the voluntary carbon market.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations lack the resources and expertise to effectively originate and manage nature-based carbon credit projects, particularly in regions like Southeast Asia. This limits the potential for forest and coastal landholders to participate in the voluntary carbon market and contribute to carbon sequestration efforts.
Solution
Wovoka partners with local communities in Southeast Asia to develop nature-based carbon credit projects through the restoration and conservation of upland forests, mangrove, and seagrass areas. The company provides technical guidance and support to landholders with at least 1000 hectares of land, enabling them to undergo protection or restoration activities that sequester carbon. Wovoka quantifies carbon sequestration values, which are then converted to carbon credits that can be sold in the voluntary carbon market after certification by leading standards like the Verified Carbon Standard (VCS) by Verra.
Target Audience
Wovoka's primary customers are landholders in Southeast Asia with at least 1000 hectares of forest or coastal lands suitable for carbon sequestration projects, as well as organizations seeking to invest in high-quality, nature-based carbon credits.
Features
- Drone survey monitoring for accurate land assessment and project oversight
- GIS assessment for spatial data analysis and carbon sequestration quantification
- Collaboration with local communities to ensure project sustainability and social impact
- Expertise in developing projects across diverse land types, including coastal mangrove and seagrass areas, tropical upland forests, and agricultural/agroforestry lands
- Data platform providing insights into the voluntary carbon market, including transaction data