Podcasts about carbon economics

Would Capitalism drive the Net Zero initiatives for Climate Change, or it will be in conflict. It has a major role to play in the social cause which is so important for sustenance of our planet. More than 140 countries have signed up to drive the 1.5 Deg C initiative. With such a concerted effort by governments across the globe, Capital markets can magnify the efforts by creating financial models to support the need of the society as well create growth driven by innovation.

Would Capitalism drive the Net Zero initiatives for Climate Change, or it will be in conflict. It has a major role to play in the social cause which is so important for sustenance of our planet. More than 140 countries have signed up to drive the 1.5 Deg C initiative. With such a concerted effort by governments across the globe, Capital markets can magnify the efforts by creating financial models to support the need of the society as well create growth driven by innovation.

Subscribe to Nori's Reversing Climate Change podcast here: https://nori.com/podcasts/reversing-climate-change Prior to COP26, there was a big problem in international carbon accounting. Both the country where a carbon credit was generated and the country where it was sold could count those very same credits toward their Paris climate commitments. COP26 seeks to remedy this issue with the practice of double entry bookkeeping. But is it too late? What are the unintended consequences of implementing the new rules now? Aldyen Donnelly is a cofounder, advisor, and former Director of Carbon Economics here at Nori. She also serves as a carbon markets advisor to several organizations, including Terramerra, Inc. and the Livestock Carbon Exchange. On this episode of Reversing Climate Change, Aldyen joins Ross and Nori CEO Paul Gambill to discuss how the new rules will lead to export controls for carbon credits and describe how such protectionism is likely to impact developing nations. Aldyen and Paul share their concerns around blockchain crypto projects like KlimaDAO and weigh in on why carbon removals are preferable to carbon avoidance credits. Listen in to understand why throughput might matter more than permanence and learn how the upcoming Nori token launch aims create a true price discovery mechanism for carbon that others can use. Connect with Ross Purchase Nori Carbon Removals Nori Check out our other podcast, Carbon Removal Newsroom Resources Aldyen on Reversing Climate Change EP031 ‘Cryptocurrency Traders Move into Carbon Markets' in The Wall Street Journal KlimaDAO Toucan Protocol Olympus Careers at Nori See /privacy for privacy and opt-out information.

Subscribe to Nori's Reversing Climate Change podcast here: https://nori.com/podcasts/reversing-climate-change Prior to COP26, there was a big problem in international carbon accounting. Both the country where a carbon credit was generated and the country where it was sold could count those very same credits toward their Paris climate commitments. COP26 seeks to remedy this issue with the practice of double entry bookkeeping. But is it too late? What are the unintended consequences of implementing the new rules now? Aldyen Donnelly is a cofounder, advisor, and former Director of Carbon Economics here at Nori. She also serves as a carbon markets advisor to several organizations, including Terramerra, Inc. and the Livestock Carbon Exchange. On this episode of Reversing Climate Change, Aldyen joins Ross and Nori CEO Paul Gambill to discuss how the new rules will lead to export controls for carbon credits and describe how such protectionism is likely to impact developing nations. Aldyen and Paul share their concerns around blockchain crypto projects like KlimaDAO and weigh in on why carbon removals are preferable to carbon avoidance credits. Listen in to understand why throughput might matter more than permanence and learn how the upcoming Nori token launch aims create a true price discovery mechanism for carbon that others can use. Connect with Ross Purchase Nori Carbon Removals Nori Check out our other podcast, Carbon Removal Newsroom Resources Aldyen on Reversing Climate Change EP031 ‘Cryptocurrency Traders Move into Carbon Markets' in The Wall Street Journal KlimaDAO Toucan Protocol Olympus Careers at Nori Support the show: https://www.climactic.fm/p/support-the-collective/

Subscribe to Nori's Reversing Climate Change podcast here: https://nori.com/podcasts/reversing-climate-change Prior to COP26, there was a big problem in international carbon accounting. Both the country where a carbon credit was generated and the country where it was sold could count those very same credits toward their Paris climate commitments. COP26 seeks to remedy this issue with the practice of double entry bookkeeping. But is it too late? What are the unintended consequences of implementing the new rules now? Aldyen Donnelly is a cofounder, advisor, and former Director of Carbon Economics here at Nori. She also serves as a carbon markets advisor to several organizations, including Terramerra, Inc. and the Livestock Carbon Exchange. On this episode of Reversing Climate Change, Aldyen joins Ross and Nori CEO Paul Gambill to discuss how the new rules will lead to export controls for carbon credits and describe how such protectionism is likely to impact developing nations. Aldyen and Paul share their concerns around blockchain crypto projects like KlimaDAO and weigh in on why carbon removals are preferable to carbon avoidance credits. Listen in to understand why throughput might matter more than permanence and learn how the upcoming Nori token launch aims create a true price discovery mechanism for carbon that others can use. Connect with Ross Purchase Nori Carbon Removals Nori Check out our other podcast, Carbon Removal Newsroom Resources Aldyen on Reversing Climate Change EP031 ‘Cryptocurrency Traders Move into Carbon Markets' in The Wall Street Journal KlimaDAO Toucan Protocol Olympus Careers at Nori Support the show: https://www.climactic.fm/p/support-the-collective/

Subscribe to Nori's Reversing Climate Change podcast here: https://nori.com/podcasts/reversing-climate-changePrior to COP26, there was a big problem in international carbon accounting. Both the country where a carbon credit was generated and the country where it was sold could count those very same credits toward their Paris climate commitments. COP26 seeks to remedy this issue with the practice of double entry bookkeeping. But is it too late? What are the unintended consequences of implementing the new rules now?Aldyen Donnelly is a cofounder, advisor, and former Director of Carbon Economics here at Nori. She also serves as a carbon markets advisor to several organizations, including Terramerra, Inc. and the Livestock Carbon Exchange. On this episode of Reversing Climate Change, Aldyen joins Ross and Nori CEO Paul Gambill to discuss how the new rules will lead to export controls for carbon credits and describe how such protectionism is likely to impact developing nations.Aldyen and Paul share their concerns around blockchain crypto projects like KlimaDAO and weigh in on why carbon removals are preferable to carbon avoidance credits. Listen in to understand why throughput might matter more than permanence and learn how the upcoming Nori token launch aims create a true price discovery mechanism for carbon that others can use.Connect with RossPurchase Nori Carbon RemovalsNoriCheck out our other podcast, Carbon Removal NewsroomResourcesAldyen on Reversing Climate Change EP031‘Cryptocurrency Traders Move into Carbon Markets' in The Wall Street JournalKlimaDAOToucan ProtocolOlympusCareers at Nori See /privacy for privacy and opt-out information.

Prior to COP26, there was a big problem in international carbon accounting. Both the country where a carbon credit was generated and the country where it was sold could count those very same credits toward their Paris climate commitments. COP26 seeks to remedy this issue with the practice of double entry bookkeeping. But is it too late? What are the unintended consequences of implementing the new rules now? Aldyen Donnelly is a cofounder, advisor, and former Director of Carbon Economics here at Nori. She also serves as a carbon markets advisor to several organizations, including Terramerra, Inc. and the Livestock Carbon Exchange. On this episode of Reversing Climate Change, Aldyen joins Ross and Nori CEO Paul Gambill to discuss how the new rules will lead to export controls for carbon credits and describe how such protectionism is likely to impact developing nations. Aldyen and Paul share their concerns around blockchain crypto projects like KlimaDAO and weigh in on why carbon removals are preferable to carbon avoidance credits. Listen in to understand why throughput might matter more than permanence and learn how the upcoming Nori token launch aims create a true price discovery mechanism for carbon that others can use. Key Takeaways [1:26] How COP26 adopted new rules to implement double entry bookkeeping [4:33] How a failure to implement double entry bookkeeping in prior carbon markets led to the price crash of 2012 [8:00] Why double entry bookkeeping was blocked until now [12:33] Paul and Aldyen's fear that the new rules will lead to export controls around carbon credits [17:58] How export controls will negatively impact the carbon removal industry in developing nations [20:19] The 3-year window COP26 allows for the creation of an international carbon market oversight body (and the opportunity that gives us at Nori) [22:29] How crypto projects like KlimaDAO perpetuate a system where carbon credits are resold more than once and the underlying value isn't actually one tonne [26:10] The loophole in COP26 allowing the backlog of carbon credits to be sold without double entry bookkeeping [28:05] What differentiates carbon avoidance credits from carbon removal credits (and why large corporations don't necessarily care) [33:07] How Nori's take on the fundamental constraint of carbon markets differs from that of KlimaDAO [35:30] How Paul and Aldyen think about permanence and why It's more important to focus on throughput [41:40] How the upcoming Nori token launch will create a price discovery mechanism for carbon Connect with Ross Purchase Nori Carbon Removals Nori Check out our other podcast, Carbon Removal Newsroom Resources Aldyen on Reversing Climate Change EP031 ‘Cryptocurrency Traders Move into Carbon Markets' in The Wall Street Journal KlimaDAO Toucan Protocol Olympus Careers at Nori --- Send in a voice message: https://anchor.fm/reversingclimatechange/message Support this podcast: https://anchor.fm/reversingclimatechange/support

In this episode we dive into the economics of carbon credits. Specifically, how should farmers approach the emerging markets that are popping up for carbon offsets and credits. We are joined by Dave Archer, an agricultural economist at the Northern Great Plains Research Laboratory. His specific research interests include risk management, simulation modeling, decision aid development, bioenergy economics, and decision making to achieve both economic and natural resource goals. Dave is going to answer some of the most asked questions about these carbon markets, such as: What questions should a farmer be asking before they get involved with one? Why are they not willing to compensate for the previous decades of soil health building practices? How should this influence farm management decisions? Dave highlights three important components in this discussion: additionality, permanence, and pricing. “The value of these credits goes up and down and will continue to go up and down. So it's important to understand how those price changes are handled in any contract, whether you can get the benefits of any price increases or whether you have losses with price decreases.” - Dave Archer, Ph.D. While these carbon programs can be great incentives to try soil health building practices, Dave says it's important to keep them in perspective and consider first and foremost how incorporating new practices will impact the bottom line. As an added benefit, practices that build soil health and sequester carbon can also be more profitable over time. “I think the most important thing is just understanding the system impacts. If you're thinking about adopting practices that may build carbon, there are potential economic benefits associated with that. Carbon credits and carbon markets may be a way to get additional incentives and help you make that change.” - Dave Archer, Ph.D. Watch the Capturing Carbon Workshop Here! This Week on Soil Sense: Meet Dave Archer, an agricultural economist at the Northern Great Plains Research Laboratory Explore the economic impacts of the carbon credits market for producers Discover the questions producers need to ask and the answers they need to understand before pursuing a contract based on carbon credits Connect with Soil Sense Soil Sense Initiative Soil Sense Podcast is hosted by Tim Hammerich of the Future of Agriculture Podcast.

"We can sequester with regenerative agriculture between 5% of all emissions and 100% of all emissions. That's a big difference" Whenever we used to find ourselves around farmland, we never paid much attention to the soil beneath our feet. Making this episode will make us think twice next time... Why? Because, when you dig a little deeper, soil is far more important for carbon storage than you might have imagined. The world's soils hold more carbon than the atmosphere and the world's forests combined - but what potential do they hold for helping our carbon removal cause? In this episode, we delve into the silent crisis of our soils, and discover the regenerative agriculture movement ready to address it, with a mix of ancient wisdom and novel technologies. This episode's guests Many thanks to our excellent guests in this episode: Aldyen Donnelly, co-founder and Director of Carbon Economics at NoriBen Flock, Head of Transition Finance at Climate Farmers ~~~~~~~~~~~~~~~~~~~~~~~~~~~ To learn more about The Carbon Removal Show, including further reading, sources from the episode, and our free newsletter head to: https://restored.cc/ Thanks to Patch for sponsoring the podcast

We need to harness 'tech to measure how ecological issues created by our built environment are interconnected and can be better managed, so we can influence what we do about them. Pooran Desai advises projects around the world on ways they can help meet the One Planet Living principles he pioneered 20 years ago - otherwise we will continue to contribute to what he calls the 'sixth mass extinction' of species.

The race is on globally to scale carbon markets, where farmers can sell the carbon they sequester in their soil to buyers who want to offset emissions. But right now, the space is often confusing for buyers, sellers, and the intermediaries working between them. And further, both public and private market schemes have been criticized for inefficiencies and high costs to participate.But the game is changing as new technologies and business models seek to lower barriers to entry and improve transparency, and the demand side continues to explore, driven by consumer and regulatory pressures. But with all this activity, what will it take to scale up and deliver worthwhile returns for farmers?In this panel discussion, you’ll hear a variety of perspectives - from those developing new technologies and carbon market methodologies, to organizations helping farmers operate within existing emissions trading schemes.Today's guests:Aldyen Donnelly - Co-Founder and Director of Carbon Economics, Nori.Sam Duncan - Founder, FarmLabMatt Schmitt, Senior Director of Commercial Carbon, CargillDave Moore - Chief Operating Officer, Green CollarThis episode is an edited version of a live AusAgritech event, organized by the AgThentic Group, Sprout X and Platfarm.Check out our insights and more on our website.

Nori is a Seattle-based startup that aims to reverse climate change through their marketplace for carbon removal. Aldyen Donnelly, director of carbon economics with Nori, joins us on the podcast to discuss how the company is helping farmers get paid to fight climate change, how these carbon removal practices can benefit farmers' productivity and what she believes are the keys for encouraging the corporate world to commit to reducing their production emissions.

This week's panelists are Dr. Jane Zelikova, Chief Scientist at Carbon180; Vanessa Suarez, Policy Advisor at Carbon180; and Aldyen Donnelly, Director of Carbon Economics at Nori. Here are the articles we discussed this week: Carbon removal represented in the Appropriations process in both Energy & Water and Agriculture. The Biden-Sanders climate plan: "Biden-Sanders Unity Task Force Recommendations: Combating the Climate Crisis and Pursuing Environmental Justice" [PDF]. "Potential for large-scale CO2 removal via enhanced rock weathering with croplands" in Nature. --- Send in a voice message: https://anchor.fm/carbonremovalnewsroom/message Support this podcast: https://anchor.fm/carbonremovalnewsroom/support

This week's panelists are Ugbaad Kosar, Senior Policy Advisor at Carbon180; Tito Jankowski, cofounder of Negative, a startup making jewelry from captured carbon dioxide, and host of the AirMiners community; and Aldyen Donnelly, Director of Carbon Economics at the Nori carbon removal marketplace. This week's stories are: Rhodium Group's new report: "Capturing New Jobs and New Business: Growth Opportunities from Direct Air Capture Scale-Up" details how direct air capture might create jobs, be supported by policy, etc. Ugbaad wrote up a short summary of it here. The Growing Climate Solutions Act had a full committee hearing, and we learn more about what happens moving forward. The House Select Committee on the Climate Crisis released a new report, "Solving the Climate Crisis: The Congressional Action Plan for a Clean Energy Economy and a Healthy, Just, and Resilient America" that has implications for carbon removal. --- Send in a voice message: https://anchor.fm/carbonremovalnewsroom/message Support this podcast: https://anchor.fm/carbonremovalnewsroom/support

This week's panelists are Aldyen Donnelly, Nori's Director of Carbon Economics, and Tito Jankowksi, cofounder of Negative (a startup making products out of captured atmospheric carbon dioxide) and host of the AirMiners community. Here are the articles discussed: "Unilever’s New Climate Plan Puts Carbon Labels on 70,000 Products" by Akshat Rathi in Bloomberg Green. "Impossible Foods CEO says the meat industry will be obsolete in 15 years — ‘That’s our mission’" by Tyler Clifford on CNBC. WRI's webinar on soil carbon: "Why Regenerative Agriculture Is Good for Soil Health, but Has Limited Potential to Mitigate Climate Change". Here's the link to apply to join the AirMiners Slack community, and here is Cool Farm Tool. --- Send in a voice message: https://anchor.fm/carbonremovalnewsroom/message Support this podcast: https://anchor.fm/carbonremovalnewsroom/support

An entirely new format! Carbon Removal Newsroom is now a panel show. We are finding our cadence now, and new episodes should come out weekly, biweekly, monthly—we will see—with panelists from the world of carbon removal to give listeners the latest in carbon removal news. This week's news: Stripe has announced its first negative emissions purchases! Climeworks, Project Vesta, CarbonCure, and Charm Industrial were selected after a rather interesting and open-source vetting process. The panelists discuss issues of permanence, the tradeoffs between various industrial, ecological, and hybrid approaches to carbon removal, and what this means for the sector as a whole. This week's panelists: Noah Deich, Founder and Executive Director of Carbon180 Tito Jankowski, Cofounder of Negative and the AirMiners virtual community Aldyen Donnelly, Cofounder and Director of Carbon Economics at Nori You can support the show and become a part of our community by becoming a patron on Patreon! Please do if you feel so moved. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/carbonremovalnewsroom/message Support this podcast: https://anchor.fm/carbonremovalnewsroom/support

“The good news is the opportunities to remove carbon from the atmosphere and store it in soils have a lot of side benefits, making the soil more resilient in the event of warming, increasing moisture in the soil, reducing pollution from farms into water systems. So let's go for it. It's crazy not to, not to do this!” ~Aldyen Donnelly, Co-Founder and Director of Carbon Economics at Nori.Aldyen Donnelly is a co-founder and the Director of Carbon Economics at Nori, a company whose goal is to “create a new way for anyone in the world to pay to remove excess carbon dioxide from the atmosphere.” She has 30 years of experience in environmental and carbon markets and developed the world's first major forward emission reduction credit purchase agreement to finance carbon sequestration in agricultural soils.Carbon Sequestration and Soil CarbonIn this episode we discuss the massive potential for storing carbon in the soil, what farmers can do to store more carbon in their fields and how buying Nori carbon removal tons can help farmers make the investments required to do that.Carbon Offsets and Carbon MarketsWe also talk about some of the problems that carbon offsets have had up to now, what we’ve learned from those experiments and how the Nori Carbon Removal Marketplace is addressing some of the past issues with streamlined software, more transparency and better verification.Please share the show with a friend.If you would like to support the show please click here.Do you have a great idea for stopping climate change? We want to hear it.Click here to share your idea and it might be featured on the show.Click here to read the full transcript.Music was provided by:Avery ReidyKeaton ButlerTheme music is by JuicesAudio production by Keaton Butler – keatonbutlerrecording@gmail.comSupport the show (http://patreon.com/howtostopclimatechange)

One of the challenges of engaging in conversation about climate action, is that we are speaking to highly technical issues of science and economics, and the vast majority of us are not in the position to interpret or extrapolate, query or question. But how can some people say that Australia will meet its Paris agreement, and others tell us not? Will we or won't we? We are told to trust science, and trust the economist, but we should all be empowered to engage in the conversation, and help us disentangle fact from theory from opinion. Today's episode is about you with the basics, and breaking down key terms and issues that are relevant to carbon economics and policy debate. Joining me today in studio is Climate policy specialist and economist Dr Graham Sinden.

Global warming, green economy, sustainability, carbon credits, carbon tax...buzz words that are being discussed a lot more lately than they were in 2013 when Karen first recorded this interview.  It is amazing to consider, the progress we have made on a global basis to acknowledge the threat before us, as climate change becomes undeniable, even if you are a science denier. Yet on the other hand, the powerful special interest groups and the political establishment continue to resist any conversation about the deterioration of our climate and the impact it will have on our economy and the way of life as we know it in the next 20 years.    Karen listened the original legacy podcast and discovered the simple, yet quite clear, definitions and explanations she and her guest discuss is VERY relevant for even today's audience.  By educating yourself, you can help to make sure the 'green economy', that many are promoting, becomes a way of strengthening businesses to move in a positive direction, not hinder business growth.  Also, by understanding the relevant matter, as an investor, you can be smart at how you put your money to work making money in the green economy.    Enjoy, please share, and subscribe.  Visit http://karenrands.co to get in touch with Karen, as an entrepreneur seeking help to grow, an investor seeking to diversify your portoflio, or to interview her on a show or to request to be on this show.    Latest on Carbon Pricing:  https://carbonpricingdashboard.worldbank.org/what-carbon-pricing History and World Participation:  https://carbonpricingdashboard.worldbank.org/map_data

Global warming, green economy, sustainability, carbon credits, carbon tax...buzz words that are being discussed a lot more lately than they were in 2013 when Karen first recorded this interview.  It is amazing to consider, the progress we have made on a global basis to acknowledge the threat before us, as climate change becomes undeniable, even if you are a science denier. Yet on the other hand, the powerful special interest groups and the political establishment continue to resist any conversation about the deterioration of our climate and the impact it will have on our economy and the way of life as we know it in the next 20 years.    Karen listened the original legacy podcast and discovered the simple, yet quite clear, definitions and explanations she and her guest discuss is VERY relevant for even today's audience.  By educating yourself, you can help to make sure the 'green economy', that many are promoting, becomes a way of strengthening businesses to move in a positive direction, not hinder business growth.  Also, by understanding the relevant matter, as an investor, you can be smart at how you put your money to work making money in the green economy.    Enjoy, please share, and subscribe.  Visit http://karenrands.co to get in touch with Karen, as an entrepreneur seeking help to grow, an investor seeking to diversify your portoflio, or to interview her on a show or to request to be on this show.    Latest on Carbon Pricing:  https://carbonpricingdashboard.worldbank.org/what-carbon-pricing History and World Participation:  https://carbonpricingdashboard.worldbank.org/map_data

In this first episode of Carbon Removal Newsroom, Alexsandra and Aldyen discuss what happened at the United Nations COP24 in Katowice, Poland in December 2018, and what it means for market-based mechanisms for trading carbon dioxide certificates.   Guests: Alexsandra Guerra, Nori's Director of Strategic Planning https://twitter.com/CleanEnergyGrl   Aldyen Donnelly, Nori's Director of Carbon Economics https://twitter.com/aldyendonnelly   Email us with stories you want covered at podcast@nori.com.

Paul Gambill and Aldyen Donnelly discuss the outline for the Green New Deal released by Rep. Alexandria Ocasio-Cortez on February 7th, 2019. They talk about the small references made to carbon removal, and share their opinions on whether this is a good plan for the future of carbon removal.   Links discussed during the episode: https://assets.documentcloud.org/documents/5729033/Green-New-Deal-FINAL.pdf https://theconversation.com/capturing-carbon-to-fight-climate-change-is-dividing-environmentalists-110142   Guests: Paul Gambill, Nori CEO https://twitter.com/paulgambill   Aldyen Donnelly, Nori Director of Carbon Economics https://twitter.com/aldyendonnelly

Aldyen and Paul are back in episode 3 to discuss the moves large oil and gas companies are making when it comes to investing in the future of direct air capture technology.   Links discussed in this episode: https://techcrunch.com/2019/01/09/oil-and-gas-giants-chevron-and-occidental-are-backing-tech-to-combat-carbon-emissions/ https://www.chron.com/business/texas-inc/article/Heady-energy-thinker-envisions-an-atmospheric-13532169.php#item-85307-tbla-8   Guests: Paul Gambill, Nori CEO https://twitter.com/paulgambill   Aldyen Donnelly, Nori Director of Carbon Economics https://twitter.com/aldyendonnelly

Jaron Lukasiewicz, CEO of Influential Capital, joins us to discuss Veridium.Update: Veridium project has reached out and has made clear that the words of Jaron on this podcast do not represent the team, company, or project and are his words only.The materials provided are for information only and do not constitute as an offer. For investment advice, please consult professional advisors. Neither Zach or Jack are financial advisors.The information contained in this podcast episode has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness.We shall not be responsible for any consequential effect, nor be liable for any direct, consequential, incidental, indirect loss or damage, howsoever caused, arising from the use of, inability to use or reliance upon any information or materials provided on this podcast, whether or not such loss or damage is caused by us.Links to third party sites are provided for your information only. The content and software of these sites have been issued by third parties. As such, we cannot be responsible for the accuracy of information contained in these sites, nor be held liable for any loss or damage arising from or related to their use.Investors should be cautious about any and all cryptoasset and investment recommendations and should consider the source of any advice on cryptoasset selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.All investors are advised to conduct their own independent research into individual cryptoassets before making a purchase decision. In addition, investors are advised that past cryptoasset performance is no guarantee of future price appreciation.Do not invest money you cannot afford to lose. All investments come with a degree of risk.

If we don’t learn from history, we are doomed to repeat it. Yet when it comes to reducing carbon in the atmosphere, the current solutions fail to recognize what has worked in the past. So, what can we learn from the pollution reduction success stories in our history? What can those successes tell us about the shortcomings of existing strategies like cap-and-trade and carbon taxes? Why do our current methods of carbon pricing fail so spectacularly? Aldyen Donnelly is Nori’s Director of Carbon Economics. She has been working to develop market-driven strategies for reducing carbon in the atmosphere since the mid-1990’s, creating a consortium of Canadian energy companies that developed the world’s first ‘emission reduction credit’ or ‘ERC’ purchase agreement to finance soil carbon sequestration as well as the first ERC-financed carbon capture and storage project. Today, Aldyen joins Ross, Christophe and Paul to explain the fundamentals of cap-and-trade, discussing why allowances don’t represent a real reduction in emissions. They cover the inaccuracy of carbon prices as set by cap-and-trade markets and the Nori team’s eye-opening experience with the CarbonSim trading simulation game. Aldyen speaks to what we can learn from successful pollution reductions in history, describing how market competitors will find ways to innovate if we order fossil carbon reductions in the energy supply chain. Listen in for Aldyen’s insight on the failure of carbon taxes and learn how such measures have resulted in a negligible reduction in emissions while shifting the tax burden from the rich to the poor.   Resources ‘Why Carbon Pricing Isn’t Working’ in Foreign Affairs Verified Carbon Standard Climate Action Reserve The Gold Standard RECLAIM CarbonSim   Key Takeaways [3:48] The fundamentals of cap-and-trade Quota-based management regime Government creates limited amount of entitlements Purchase allowances or buy carbon offsets if go over Allowances don’t represent real reduction in emissions  [8:23] Why cap-and-trade doesn’t work Theory that allowances purchased from those who reduced emissions Government supplies more quota than everyone needs Intention to decline entitlements over time too hard politically [12:27] Aldyen’s take on the ‘success’ of RECLAIM Reduced value of allowance by half every four years Punished for overcompliance, banking allowances  [17:12] Why carbon pricing set my cap-and-trade markets is inaccurate Price per certificate = fraction of cost of permanent reduction of emissions ‘Trading pieces of paper for $12’ Storing carbon in cropland looks expensive by comparison  [20:36] The Nori team’s experience with CarbonSim Trading simulation game, goal to hit cap numbers and make profit [24:21] What we can learn from successful pollution reductions in history  Order fossil carbon reductions in energy supply chain (e.g.: 3% per annum) Market competitors will innovate (i.e.: lead out of gasoline)  [28:42] Why a carbon tax doesn’t work to reduce emissions Regulations that dictate solution or price tie hands of private sector Better for participants to compete for market share (innovation) [31:00] Aldyen’s top insights for government officials Concentrations high enough that removing CO2 from atmosphere is essential Offer same $35-$50/ton tax credits to farmers as gas-fired power plant [32:53] Why carbon taxes don’t change behavior Recent increase in gas prices of 56¢, total sales still up Retail pump price not same signal as price at wellhead Consumers put off other capital expenditures to compensate [38:29] How carbon taxes have impacted Sweden, Denmark and Norway Negligible reduction in emissions Massive shift of cost burden for electricity to smallest consumers [41:58] Aldyen’s view on British Columbia’s carbon tax One 18-month period when gasoline use dipped 100% of dip attributed to low-income group Added $117/year to typical commute by car Increased cost of public transit by $480/year

Why don’t voluntary or compliance carbon offset markets work? The numbers simply don’t add up. A lack of connection between the certificates and the physical inventory means that both parties—the seller and buyer—take credit for a reduction in emissions. And this double counting (issuing two certificates for a single credit) leads to a surplus of certificates under which the associated markets crash and burn. The good news is, the blockchain will allow us to start over and do the math correctly, ensuring that a traded certificate represents a real reduction in emissions.  Ross and Christophe are joined by Aldyen Donnelly, the Director of Carbon Economics for Nori. She has enjoyed a 40-plus year career as a small business developer and consultant, with a focus on cost-effective methods of reducing pollutants. In 1996, Aldyen designed a non-profit consortium of Canada’s largest emitters, bringing those corporations together to reduce and remove emissions via a carbon offset market. By 2002, the Greenhouse Emissions Management Consortium (GEMCo) was the largest private sector buyer of carbon credits in the world.  Aldyen joins Ross and Christophe to discuss how GEMCo employed double-entry bookkeeping to trade in certificates that represented an actual reduction in inventory and why the voluntary and compliance markets that followed did not. Aldyen explains the fundamentals of cap and trade, the concept of ‘pump and dump,’ and the function of a derivatives market. She shares her experiences with landmark climate change work like the Kyoto treaty, COPT, and the Vancouver Stock Exchange. Listen in for Aldyen’s insight into how the transparency of blockchain technology can help farmers become more productive and profitable—with or without the benefit of carbon credit sales!   Key Takeaways [2:18] Aldyen’s experience through the GEMCo Brought together consortium of Canada’s largest emitters Pretend that existing carbon offset markets work Purchase offset credits, seek emissions reduction/removal   [3:40] The fundamentals of cap and trade ‘Quota-based supply management’ Government-induced limits on particular sector   [5:44] Aldyen’s involvement with COPT and the Kyoto treaty Proposed global cap and trade on carbon emissions of developing nations Work with tech innovation, company adoption led to her focus on greenhouse gasses   [9:18] How the principles of GEMCo differed from current markets GEMCo offset credits represented reduction in physical inventory (double-entry bookkeeping) Other markets lack connection between certificates and physical inventory (double counting) Surplus of compliance certificates cause markets like Chicago Climate Exchange to crash in 3-7 years   [15:30] The elements of a good market Trade in certificates that represent real emissions reductions Removing carbon from atmosphere only viable path forward   [18:33] How the ‘additionality test’ limits innovation Must prove that project wouldn’t make profit without carbon credit sales Cannot build sustainable new economy, eliminates incentive to find new ways to make money   [20:38] The difference between voluntary and compliance markets Voluntary means no obligation to offset (e.g.: airplane) Compliance indicates obligation imposed by government (i.e.: California Cap and Trade) Both implement additionality test Both lack contractual link between inventory and certificate   [27:06] Aldyen’s role in the Vancouver Stock Exchange Served as public governor (not part of brokerage community) Brought in for experience in carbon markets   [29:10] The concept of ‘pump and dump’ Create illusion of increased demand, sell at higher price Cryptocurrency can contain without regulations Nori token = one credit, link with physical commodity   [34:07] How a derivatives market could be useful for Nori Commodities markets about allocation, distribution of ownership Derivatives markets about allocation, distribution of risk Accounting discipline required for lasting derivatives opportunity Easier to build accounting discipline on foundation of blockchain   [39:02] The benefits of blockchain technology for farmers Changing farm practices costs money up front 50% quit between year three and year five More productive, profitable by year seven Blockchain transparency provides asset to borrow against in tough time   [44:42] Aldyen’s climate change solution Everyone who sells energy, building products worldwide would report global fossil content Obliged to reduce at 3% per annum with option to buy carbon removal credits   Connect with Ross & Christophe Nori   Resources Aldyen’s Website Aldyen on Twitter Kyoto Protocol

 Third in a series on Carbon Tax Credits and the New Carbon Economy.  Part of the Legacy Compassionate Capitalist Podcast Series.  Black carbon plays a much bigger role in global warming than many scientists previously thought. Black Carbon is produced as a by product from the CO2 that is emitted when any thing is burned.  When there is one environmental factor that has potential to impede sustainability across the board for all business and community, there is a profound economic impact as a result.  Decline in business viability and quality life hurts the economy.  Yet when there is an innovation that changes the way things are done so as to no longer produces the same amount of the bad Black Carbon, or even produces the opposite effect, and that  can be measured, a financial value can be placed on that.  When something can be measured and valued, it becomes the subject of trade and finance - an economy.  That is New Carbon Economics, and we are the threshold of profound shifts and potentially the start of the bubble Karen and Ian talked about nearly 3 years ago. Tune in to hear the latest - the money that is available, the growth of the free market, and how entrepreneurs can find out if the qualify for this type of value add to their business model. Learn more about New Carbon Economics on Facebook Show 1:   Carbon Credits - Will a Futures Exchange be the Next Bubble for Investors? Show 2:  Monetizing Black Carbon - Karen Rands - Ian Adlington

 Third in a series on Carbon Tax Credits and the New Carbon Economy.  Part of the Legacy Compassionate Capitalist Podcast Series.  Black carbon plays a much bigger role in global warming than many scientists previously thought. Black Carbon is produced as a by product from the CO2 that is emitted when any thing is burned.  When there is one environmental factor that has potential to impede sustainability across the board for all business and community, there is a profound economic impact as a result.  Decline in business viability and quality life hurts the economy.  Yet when there is an innovation that changes the way things are done so as to no longer produces the same amount of the bad Black Carbon, or even produces the opposite effect, and that  can be measured, a financial value can be placed on that.  When something can be measured and valued, it becomes the subject of trade and finance - an economy.  That is New Carbon Economics, and we are the threshold of profound shifts and potentially the start of the bubble Karen and Ian talked about nearly 3 years ago. Tune in to hear the latest - the money that is available, the growth of the free market, and how entrepreneurs can find out if the qualify for this type of value add to their business model. Learn more about New Carbon Economics on Facebook Show 1:   Carbon Credits - Will a Futures Exchange be the Next Bubble for Investors? Show 2:  Monetizing Black Carbon - Karen Rands - Ian Adlington