Breakthroughs in satellite technology have helped commercialize blue-carbon credits. Over $50 billion worth of carbon credits have been predicted to be traded annually in the voluntary market, according to McKinsey. Blue carbon, which is stored in coastal and marine ecosystems, has become an increasingly important asset in the fight against the climate crisis. Carbon credits can then be verified and issued faster. Satellite data has to be paired with sonar, divers collecting information, or other field data, she added.

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Persons: Philip Davis, Guy Wolf, Oxford University spinout OxCarbon, it's, Wolf, David Gross, you've, Thomas Merriman, Donna Lyndsay, Traganos, It's, Kita's Merriman, Merriman, Zoë Balmforth, Cameron Frayling Organizations: McKinsey ., World Resources Institute, Tech, Oxford University, Bank OxCarbon, Kita, Ordnance Survey Locations: Bahamas, Caribbean, Islamorada , Florida