Offset8 Capital Limited, a proprietary asset management firm based in Abu Dhabi Global Market, is proud to announce its collaboration with DAI Labs Inc., a Japan-based AI technology company, to apply AI and GIS technologies in carbon credit projects.
Since 2024, Offset8 has been working in partnership with iRise Carbon to develop climate-focused projects in the Republic of Malawi. These initiatives, known as the iRise Project, include the restoration of 6,000 hectares of degraded land, the distribution of over 140,000 cookstoves, and improvements in local food security.
Today, DAI Labs proudly announced its selection as a recipient of a prestigious grant under Japan’s Ministry of Economy, Trade and Industry (METI)’s “Subsidies for Global South Future Oriented Co Creation Project in the FY 2023 Supplementary Budget” program. The grant will support the implementation of an AI- and GIS-based carbon and land use monitoring system in Malawi, developed in collaboration with Offset8 Capital and iRise Carbon. The software demonstration project, covering a 6,000-hectare area, is scheduled for completion by February 2026.
Leveraging its expertise in satellite data analysis and image-based AI systems, DAI Labs will integrate spectral satellite imagery and Synthetic Aperture Radar (SAR) data to monitor existing carbon stocks, identify high-potential reforestation sites, and forecast carbon sequestration. iRise Carbon will contribute on-the-ground data and technical support essential to training and validating the system. Offset8 will contribute its expertise in strategy and implementation support for the project.
This project forms part of a broader Article 6-authorized effort to restore degraded land and improve food security in Malawi. By the end of the grant period, the partners aim to deliver a cost-efficient, high-fidelity monitoring tool that improves the accuracy and transparency of carbon credit generation. The long-term ambition is to scale this technology to forest projects globally, helping reduce MRV costs and strengthening trust in the international carbon market.
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About DAI Labs
DAI Labs is an AI technology company headquartered in Minato-ku, Tokyo. The company specializes in developing and implementing cutting-edge AI systems for corporate and municipal clients, with a strong focus on delivering high-quality AI prototypes within short timeframes. With extensive experience in designing and operating advanced AI models, DAI Labs also contributes to addressing a wide range of social challenges.
The company applies its technologies across various fields, including the development of forest monitoring systems that combine AI and GIS (Geographic Information Systems). Through the provision of flexible, client-tailored AI solutions, DAI Labs supports operational efficiency and promotes digital transformation (DX).
About Offset8
Offset8 Capital Limited is an Abu Dhabi Global Market-based proprietary asset management firm and a financial advisor regulated by the Financial Services Regulatory Authority of the ADGM. Offset8 seeks to finance climate mitigation and adaptation projects, with a focus on mangrove restoration, reforestation, and biochar. Of particular relevance will be projects that aim to support local communities in Africa and Southeast Asia and to contribute to both environmental conservation and sustainable economic development.
About iRise Carbon
iRise Carbon is a mission-driven organization with a focus on mitigating climate change while alleviating poverty. iRise Carbon delivers its integrated model in rural, underdeveloped communities with significant land degradation. The company combines indigenous afforestation, while integrating community infrastructure, to deliver high-quality carbon offset volumes and lasting, genuine economic and social development. The iRise Carbon program is scalable, prosperous, and equitable – driving a just net zero transition without compromising community or society, nature or returns.
Disclaimer
This press release is for general informational purposes only and should not be relied upon for any other purpose. Notwithstanding anything contained in this press release, this press release does not constitute, and no reader of this press release may treat the same as, an offer to sell, a solicitation or invitation for the sale and purchase of any securities, instruments or any other properties, and the information contained in this press release shall not form the basis of any offer or contract. Under no circumstances is this press release to be construed as an offering of an interest in any collective investment fund in any jurisdiction. No action has been taken to permit an offering of interests in any collective investment fund in any jurisdiction where action for that purpose would be required.
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