Maughan Capital Completes Investment Into Climate Solutions Exchange Ltd. (CSX)
Summary
The investment will particularly help CSX with the development of its LIDAR software, an industry-first platform which utilises pioneering drone technology to improve the accuracy when calculating the amount of carbon sequestered by above ground biomass. By detecting the size and surface area of individual trees, the platform is able to develop a more accurate understanding than existing technologies of how much carbon is sequestered. We will help our partners to make important ecological decisions with certainty and confidence by providing a verifiable audit trail. The current approach to offsetting which came out of the Kyoto Protocol was a good first step in encouraging businesses to address their emissions but was not designed for the level of demand or accuracy the world now needs in its fight against the climate emergency. Coupled with the UK’s departure from the EU’s Common Agricultural Policy and recent introduction of the Environmental Land Management Scheme to incentivise sustainable farming practices, we are very optimistic about the positive long-term growth of CSX and its technology.” Andy Howard, CEO of CSX Carbon, who will be speaking at the United Nations Climate Change Conference (COP26) in Glasgow next month, also welcomed the investment.