An estimated $3.8 trillion could be generated by Earth observation (EO) data by 2030, according to a new World Economic Forum (WEF).
What is Earth Observation Data?
Earth observation (EO) data refers to information gathered about Earth's physical, chemical, and biological systems using various sensor technologies.
These include satellites, aircraft, underwater devices, and even people equipped with specialized equipment.
Applications in Environmental Protection:
Monitoring Natural Ecosystems: EO data monitors variables like soil moisture, atmospheric conditions, and temperature changes on land and sea. It tracks changes in land cover and detects the presence of chemicals and radiation levels.
Protecting Ecosystems: EO plays a crucial role in safeguarding ecosystems like mangroves and coral reefs.
Mangroves, vital for marine life and carbon storage, are monitored to prevent loss from human activities and natural disasters.
Disaster Prevention and Response: EO data aids in early warning systems for wildfires and helps identify illegal deforestation. It detects gas leaks from pipelines and other sources, reducing greenhouse gas emissions.
Optimizing Resource Use: EO optimizes shipping routes to save fuel and minimize emissions. It monitors crop health, allowing for efficient use of fertilizers and water.
Environmental Impact Reduction: By applying EO technologies, global greenhouse gas emissions could potentially be reduced by 3.6% annually, equivalent to 2 gigatonnes.