Earth911 Podcast: Decarbonizing Business With Climate Vault and Genpact

Learn how businesses can accelerate the decarbonization of their operations and contribute to eventually removing that can help drawdown the more than 1 trillion tons of carbon dioxide emitted by humans during the Industrial Era. Discover some of the complicated details of how carbon markets, credits, and allowances work with Jason Grant, chief operating officer of Climate Vault, a non-profit that purchases and manages carbon allowance and credits to support carbon capture and sequestration technologies, and Sanjay Srivastava, chief digital strategies at Genpact, a digital services firm provides carbon tracking capabilities for large organizations. The companies have partnered to deliver an end-to-end solution for tracking, managing, and turning a profit by reducing CO2 emissions.Climate Vault was named a World Changing Idea for 2022 by the business magazine, Fast Company. Jason and Sanjay explain the difference between a carbon allowance and a carbon credit. Carbon allowances let you emit, for example, one ton of CO2 within an overall carbon budget. Genpact's tools track whether the allowance goes unused, so that the resulting savings can be retired or sold. That’s where Climate Vault comes into the picture — they buy carbon allowances and retire them to prevent the emissions, as well as turn that avoided emissions into finding that supports carbon capture and sequestration technology development. In other words, Climate Vault helps companies use one carbon allowance to both retire CO2 and fund the tools that will remove more CO2 in the future. You can learn more about Genpact at https://www.genpact.com and about Climate Vault at https://climatevault.org/