Welsh Government-Sponsored Living Wales Research Project Leverages Planet Data For Green Agricultural Policies

Rhea-AI Summary

Planet Labs PBC (NYSE: PL) announced its partnership with Living Wales, a government-backed research initiative, to support European green agricultural policies. By utilizing Planet's extensive satellite data, the project aims to model landscape scenarios and monitor environmental policy impacts. This collaboration helps enhance land policy design in Wales, promoting sustainable agriculture and biodiversity preservation. With over 200 satellites in orbit, Planet provides high-resolution imagery crucial for understanding land-use changes, aiding in climate goal assessments and economic evaluations of landscapes.

Positive

• Partnership with Living Wales enhances the company's involvement in European agricultural policies.
• Utilization of high-resolution satellite data supports monitoring and modeling for sustainable agriculture.
• Planet's extensive satellite constellation provides unique insights into environmental changes.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today shared a recent initiative supporting European green agricultural policies with Living Wales, a Welsh government-sponsored research project led by Aberystwyth University. Living Wales is leveraging insights from Planet's historical and real-time satellite data to model future landscape scenarios and monitor progress against them. This data is helping to inform Wales’ land policy design, improving confidence in greening measures, and enabling close monitoring and assessment of policy impact over time.

Planet is aiding Living Wales by providing PlanetScope data at high-spatial resolution and with high temporal frequencies. Planet owns and operates the world’s largest Earth observation constellation with over 200 satellites currently in orbit. These satellites provide a line scanner of the Earth, imaging every terrestrial location on the planet every single day. By providing these unprecedented insights of global change, Planet supports Living Wales to monitor environmental activities and build robust data-informed models.

“Land use change for agriculture is a leading cause of biodiversity loss and of greenhouse gas emissions globally, and Planet believes that by providing governments and research initiatives with frequent and reliable satellite datasets, we can support a sustainable and informed revolution in this industry, thereby helping the planetary crisis,” said Planet co-founder and CEO Will Marshall.

With Planet’s data, the Living Wales team is able to retrieve environmental descriptors. Land cover maps are key to a comprehensive understanding of how land-use impacts surrounding ecosystems, and environmental descriptors—for example, crop type, foliar chemistry, leaf air index, and many others—are the building blocks for creating these maps.

By monitoring historical land cover data to predict future landscapes, from flooding sequences and vegetation productivity to habitat changes and carbon dynamics, the Living Wales team evaluates how different scenarios impact land use with Planet data. In the process, the team generates future land cover maps, monitors progress toward climate goals, and adapts goals as needed over time. Their team also evaluates the economic values of landscapes—the implications of moving towards local food production and supply, and the contributions of ecosystems to mitigation of greenhouse gas emissions and restoration of biodiversity.

“You need Earth observation data to understand how our past activities and natural events and processes have shaped the landscapes we see today, but also to plan the future landscape to meet the needs not only of the current generation, but also those that follow,” said Dr. Richard Lucas, Sêr Cymru Research Chair in Earth Observation at Aberystwyth University, currently leading the Living Wales project.

The Living Wales’ framework is being adopted as a Welsh national approach to land monitoring, providing national, international, and individual leaders with a working blueprint for a proactive, collaborative, and transparent approach. The approach is also quantitative and is being developed for use in environmental and economic accounts, both in Wales and internationally.

In its aim to achieve climate neutrality in Wales by 2035, Living Wales contributes to policy transformation that ensures the well-being of both people and nature. By using Planet data, Wales has successfully transitioned from monitoring maps to proactive and positive action.

About Planet Labs PBC

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on Twitter.

Forward-looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, Planet’s ability to deliver products, services and support to its customers and the future impact of Planet’s products on the sustainability goals of such customers. Forward-looking statements are based on Planet’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future events and results and are not statements of fact, actual results may differ materially from those projected. Factors that might cause such differences include, but are not limited to, whether current customers or prospective customers adopt Planet’s platform; Planet’s ability to retain its customers; Planet’s ability to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for its satellites, in a timely and cost-effective manner; and other risks described from time to time in Planet’s filings with the Securities and Exchange Commission (SEC), including factors described under the heading “Risk Factors” in the Registration Statement on Form S-1 filed by Planet with the SEC and any subsequent filings with the SEC Planet may make. Copies of each filing may be obtained from Planet or the SEC. Other unpredictable or unknown factors not discussed herein could also have material adverse effects on forward-looking statements. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

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Investors

Cleo Palmer-Poroner

Planet Labs PBC

ir@planet.com

Press

Claire Bentley

Planet Labs PBC

comms@planet.com

Source: Planet

FAQ

What is the recent initiative by Planet Labs PBC related to European agriculture?

Planet Labs PBC has partnered with Living Wales to support European green agricultural policies using satellite data.

How does Planet Labs PBC contribute to the Living Wales initiative?

Planet provides high-resolution satellite data to help model future landscape scenarios and monitor environmental policy impacts.

What is the significance of satellite data in the Living Wales project?

Satellite data from Planet enables assessments of land use changes, aiding in climate goal achievement and biodiversity preservation.

What is the stock symbol for Planet Labs PBC?

The stock symbol for Planet Labs PBC is PL, and it is traded on the New York Stock Exchange.

What is the goal of Living Wales by 2035?

Living Wales aims to achieve climate neutrality by 2035 through informed land monitoring and policy transformations.