Carbon Exposure

In Episode 3 of Season 4 of the Carbon Exposure Podcast, we sit down with Finn O'Muircheartaigh, General Manager APAC at BeZero Carbon.As carbon markets mature, one of the biggest questions facing the industry is simple:How do we turn carbon credits from a leap of faith into an investable asset class?Finn brings a unique perspective shaped by experience in government, policy, and now carbon markets. In this conversation, we explore how ratings, data, and risk analysis are helping build trust, improve price discovery, and attract more institutional capital into both voluntary and compliance carbon markets.We also discuss the growing role of Asia-Pacific, why Singapore is becoming a major carbon hub, and how Article 6 could reshape global demand and supply.In this episode, we cover:• Why carbon ratings emerged and how they work• How quality increasingly drives pricing in carbon markets• Why investors need better risk tools before deploying capital• The intersection of voluntary and compliance markets• How ratings may support Article 6 and CORSIA markets• Why portfolio products could unlock new demand• Why APAC may lead the next phase of carbon market growthIf you work in carbon markets, climate finance, sustainability, policy, or investing, this is a must-listen episode.Chapters00:00 Introduction03:08 What BeZero Carbon Does08:26 Why Carbon Ratings Matter15:30 How BeZero Was Built20:11 Quality Drives Price27:40 Ratings in Compliance Markets34:24 Singapore, Article 6 & APAC39:16 Ratings for Compliance Markets47:20 Portfolio Ratings & Risk Management59:34 Why Finn Is Optimistic for APAC#CarbonMarkets #ClimateFinance #CarbonCredits #BeZero #Article6 #APAC #CarbonExposurePodcast

In Episode 2 of Season 4 of the Carbon Exposure Podcast, we sit down with Ingo Puhl, Co-founder of South Pole and one of the original pioneers of global carbon markets.With nearly three decades of experience in climate finance, project development, and environmental markets, Ingo offers a rare perspective on how carbon markets were built, where they went wrong, and what needs to change next.This is not just a conversation about the past.It’s a bold discussion about the future structure of carbon markets.We explore why the current market model may no longer be fit for purpose, how sovereignty and national registries are reshaping the landscape, and why new infrastructure will be needed to scale environmental markets globally.In this episode, we cover:• The early days of carbon markets and the creation of South Pole• Lessons from the CDM boom, collapse, and trust crisis• Why developing countries want more sovereignty over carbon assets• How Thailand became a leader in Article 6 and market innovation• Why standards, registries, and verification models need to evolve• The role of ratings agencies, satellite data, and technology• What renewable energy certificates (RECs / I-RECs) get right• Tokenization, interoperability, and future market infrastructure• Why ASEAN could become a major carbon market growth regionTimestamps00:00 Intro03:10 Carbon Market Origins08:47 CDM Boom & Bust13:16 Trust, Trauma & Sovereignty18:25 Thailand as Blueprint27:25 Broken Market Infrastructure33:29 Ratings, Innovation & Integrity43:04 Tech, Data & Verification47:42 Why RECs Work52:28 Rebuilding Market Design58:12 Tokenization & Liquidity01:02:22 ASEAN Carbon Opportunity01:06:45 Future Market Vision#CarbonMarkets #ClimateFinance #CarbonCredits #Article6 #SouthPole #CarbonExposurePodcast #ClimateTech #EnergyTransition #CarbonExposurePodcast #CarbonExposure

In this episode of the Carbon Exposure Podcast, we sit down with Perumal Arumugam from the UNFCCC for an in-depth discussion on Article 6 of the Paris Agreement and what it means for the future of global carbon markets.As countries move from rule-setting to real implementation, Article 6 is becoming one of the most important mechanisms for scaling climate finance and enabling international carbon trading. We explore how Article 6.4 (PACM) is being operationalized, how it compares to Article 6.2, and where supply and demand for carbon credits are expected to come from in the coming years.Perumal shares insights from inside the UNFCCC on the transition from Kyoto to Paris, Article 6 implementation, supply and demand dynamics, registry infrastructure, and the outlook toward 2030.Chapters:00:00: Intro & Background06:25: From Kyoto to Paris10:49: Article 6.4 Explained12:32: Supply & Demand Fundamentals15:10: Host Country Bottlenecks20:45 Article 6.2 vs 6.427:48: Multilateral Advantage of Article 6.433:29: First Issuances & CDM Transition38:11: Project Pipeline & New Methodologies41:17: Registry Infrastructure Overview46:24: Interoperability & Registry Architecture54:39: Outlook to 2030This conversation is essential listening for anyone working or interested in:- Carbon markets- Climate finance- Article 6 implementation- Corporate climate strategy- Carbon credit project development- Government policy and compliance marketsThe Carbon Exposure Podcast brings conversations with leading experts shaping the future of carbon markets, removals, and climate finance.#CarbonMarkets #Article6 #ParisAgreement #CarbonCredits #ClimateFinance #UNFCCC #CarbonExposure #CarbonExposurePodcast #NDC #CORSIA #ClimatePolicy

In this episode of the Carbon Exposure Project, we sit down with Scobie Mackay, Co-Founder & CEO of Imperative, to unpack what it will take to make nature a genuinely investable asset class.Scobie brings a rare perspective — combining 15+ years in structured finance at Macquarie and Standard Chartered with hands-on experience developing infrastructure-grade nature-based carbon removal projects across the Global South.We explore why capital has struggled to flow into nature at scale, why delivery and reputational risk remain misunderstood, and why the risk of climate inaction is still not being priced into financial decision-making — despite trillions of dollars at stake.This is a conversation about projects, execution, and capital discipline, not theory.🔍 What we coverWhy the risk of climate and biodiversity inaction remains off balance sheetTreating nature-based carbon projects like infrastructure, not offsetsProfessionalising project development to attract institutional capitalDelivery risk, permanence, and why “day-one diligence” isn’t enoughBuilding large-scale native ecosystem and mangrove restoration projectsLong-term offtakes, insurance, and managing commodity price riskWhy biodiversity outcomes are already commanding a market premium⏱️ Chapters00:00 Introduction02:30 From finance to climate05:20 Climate and biodiversity as a test of collective intelligence06:40 Discovering carbon markets08:40 Why institutional capital struggles with carbon projects11:15 Treating nature projects like infrastructure14:45 Imperative’s focus: nature-based removals17:00 Flight to quality and removals20:10 Execution risk and project controls24:00 In-house execution and long-term operations27:40 Risk in carbon markets32:10 Pricing the risk of climate inaction40:00 Insurance, offtakes, and delivery guarantees46:50 Biodiversity premiums and market signals53:00 Making nature investable

How Verity Nature is Planting 4 Billion Trees in Kenya 🌳 | Duncan Van Der MerweIn this episode of Carbon Exposure, we sit down with Duncan Van Der Merwe – Co-founder & Chair of Verity Nature to unpack one of the world’s most ambitious nature-based climate programmes.Verity Nature is a profit-for-purpose company that designs, builds and operates large-scale nature restoration projects with local communities at the centre. From their base in Australia, with teams in New Zealand, East Africa and beyond, they focus on high-integrity carbon and co-benefit credits backed by science, technology and long-term operations. Their projects span reforestation and landscape regeneration in New Zealand (e.g. Black Hill Station in Canterbury and a large natural regeneration programme in the Chatham Islands) and blue carbon restoration pilots in Australia, where they’re restoring coastal and tidal ecosystems as future carbon sinks. At the heart of this conversation is Kenya. Under President Ruto’s national drive to plant 15 billion trees by 2032, the Kenyan government has asked Verity Nature to help restore degraded landscapes at unprecedented scale. Verity has proposed reforesting up to 4 billion native trees as part of this effort – potentially the largest ARR (Afforestation/Reforestation/Revegetation) programme in the voluntary carbon market. Their model combines:Infrastructure-grade project design – 40-year operations with long-term permanence rightsCommunity-led restoration – partnering with local organisations like CCB Corridors and using mobile tools (e.g. “Si Si Na Miti”) so farmers and grandmothers can plant trees, track survival and earn incomeTech from satellites to blockchain – remote sensing, MRV and digital traceability to show exactly where credits come from and how trees are performing over timeWhat we cover: 00:00 – Introduction: Why Nature-Based Removals Need Infrastructure Thinking04:30 – Verity Nature’s Model: Building & Operating Long-Term Projects09:00 – Why East Africa? Strategic Focus on Kenya and Uganda14:00 – The Kenya Project: Tying into President Ruto’s 15-Billion-Tree Vision19:30 – Planting Up to 4 Billion Trees: Scale, Design and Execution25:00 – Communities, Farmers and Grandmothers: Why Women Are Central31:00 – Tech Stack: From Satellites to Blockchain for Integrity & MRV38:00 – Risk Management & Delivery: Avoiding the Non-Delivery Trap45:00 – The 400M Credit Pipeline & the 2030 Removals Gap51:00 – What Buyers Should Do Now & Closing Reflections

Saudi Arabia is moving fast: top-down ambition, patient capital, and a vision to scale carbon markets across the entire Arab region.In this episode, Erik Ringvold — Chief Business Development Officer at the Saudi Voluntary Carbon Market Company (VCM) — breaks down how the Kingdom is building the infrastructure, the demand base, and the regional alliances to make it happen.And momentum is accelerating: VCM recently announced major partnerships with MSCI Carbon Markets to bring advanced carbon market intelligence to Saudi companies, and with BeZero Carbon to strengthen credit quality and transparency across its exchange.What we cover:00:00 – Introduction & Tunisia Setting01:43 – Erik’s Journey into Carbon Markets02:55 – From McKinsey to Carbon Market Development06:26 – Why Saudi Arabia Has the Ingredients for a Carbon Hub11:50 – Building Integrity and Confidence in the VCM14:46 – The Role of Corporates and Perverse Incentives28:30 – Financing, Demand Signals & Market Fundamentals29:41 – Nature-Based vs. Durable Removals32:19 – Regional Collaboration Across the Arab World33:52 – The Tunis Auction & Interconnected Order Books36:30 – Global Participation & Future Outlook

The Carbon Exposure Project is back to wrap up Season 3 of the Carbon Exposure Project after the summer break!This week, we sit down in Singapore with John Sharp, co-founder of Hatcher — an investor, technologist, and builder who has helped raise hundreds of millions for nature-based climate projects.John brings a rare investor’s lens to the voluntary carbon markets: what really happened after the Guardian exposé, why investor confidence evaporated, and how capital is now pivoting toward infrastructure-grade climate solutions.From the rise and fall of Carbon Nation to bold bets on green steel, carbontech, and even a space-based sunshield, this episode explores where the next generation of climate investments will come from — and what makes them truly bankable.💡 In this episode:💸 The Carbon Nation story — raising $250M for nature-based solutions before the 2023 crash📉 How sentiment collapsed after the Guardian article — and what that meant for investors🏗️ The shift toward infrastructure-grade assets: green steel, cement, and carbontech🌍 What makes a project “bankable” in climate finance🚀 John’s next frontier: Earth Guard, a satellite project designed to stabilize Earth’s temperatureChapters: 00:00 – Introduction: From Music to Markets05:30 – Building Hatcher: Automating Venture Capital07:00 – Entering Carbon: Launching Carbon Nation09:30 – Market Shock: The Guardian Article & Carbon Crisis15:00 – Lessons from the Field: Soil, Cookstoves & Mangroves23:40 – Pivoting Strategy: From Carbon to Green Infrastructure34:50 – The Bigger Picture: How Large Is the Carbon Market Really?38:00 – Policy & the Politics of Carbon Pricing45:00 – Investing in Climate Tech: Hardware, Deep Tech & Patience55:30 – Beyond Earth: The Earth Guard Project

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by Head of Projects & Legal at ONE TRIBE. Welcome to the Carbon Exposure Project!

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by Stephanie Zhu, former sustainability member at Delta Air Lines, and now active as Director of Climate at Yum! Brands. Topics discussed: 00:00 – introductionA light intro leading into the live recording at the European Climate Summit.01:25 – Stephanie Zhu’s Sustainability JourneyFrom finance to ESG leadership at Delta Airlines and Yum! Brands.03:42 – Inside Delta: Navigating the Voluntary Carbon Market A first-hand look at how one of the world’s biggest airlines approached offsets.05:10 – Reduce and Invest: A Dual Strategy for DecarbonizationWhy internal reductions and external investments must go hand-in-hand.06:57 – Carbon Markets Are Complicated—Here’s WhyChallenges in understanding offsets, additionality, and building a credible portfolio.10:55 – From Aviation to Agriculture: Cross-Sector Climate StrategyThe different decarbonization hurdles across industries—and how to tackle them.14:05 – The Voluntary ParadoxWhy companies taking climate action face more scrutiny than those doing nothing.16:00 – A Pragmatic Path Forward for Corporate Climate ActionLet’s not let perfection stall progress—what realism looks like in sustainability.

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by David Antonioli, former Founder & CEO of Verra.Topics discussed in this episode:00:00 – Introduction02:32 – David’s new paper: “Financing the Transitions the World Needs”03:41 – Rethinking carbon markets: key insights from the report06:03 – Biochar: a case for real-world carbon solutions09:04 – Developer vs. biochar business: shifting identities11:29 – “On paper” vs. reality in project scalability14:58 – The “three buckets” of climate project economics18:03 – Keeping projects operational & long-term thinking21:03 – Market incentives and insetting as cost strategies24:03 – Rewriting the climate narrative & new leadership27:03 – Global insights and financial infrastructure reform28:26 – A new paradigm for transition-focused markets30:03 – Carbon credits as tools, not destinations

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by Sandra Pinzón García, Founder & CEO of Global Zero Waste. Sit back, relax, and enjoy the episode! Topics discussed in this episode: 00:00 – Introduction & Sandra’s mission in circular economy 01:26 – From carbon markets to plastic credits 02:54 – Defining circular economy: water, energy & materials 06:03 – The rise of plastic credits & Cercarbono partnership 09:04 – Building a new methodology for global recycling projects 10:24 – Innovation, R&D and project transformation 14:53 – Scaling impact through zero-waste strategies 18:37 – Sandra’s reflections on climate leadership

In this new episode of the Carbon Exposure Project, Rene Velasquez sits down with Oi-Yee Choo, CEO of Climate Impact X. Together, they dive into a dynamic conversation on the evolution of carbon markets, regulatory clarity, and the future of climate finance—offering sharp insights from both financial and sustainability perspectives.In this episode, the following topics are discussed: 00:00 – Intro & Oi-Yee’s path into carbon markets06:43 – From banking to fintech to impact11:08 – REITs, tokenization & new asset classes15:37 – Market building: trust, structure & growth18:15 – Risk aversion & regulatory clarity20:36 – ASEAN cooperation & Singapore’s role26:58 – Why governments must build confidence29:43 – Oi-Yee's market experience as CEO35:34 – The myth of oversupply & demand lag38:40 – What the market needs now44:43 – Aviation & urgency in decarbonization48:30 – Shipping & new sectoral demand51:39 – Tech players & CDR57:30 – The future of the market

this episode, we're joined by Daniel Lee, an Associate Professor in Carbon Markets at the Nanyang Business School. Before transitioning to academia full-time, he spent close to 18 years in the industry, where he undertook a variety of roles across the Energy and Decarbonization value chains, including Commodity Trading, Acquisitions & Divestments, and Capital Project Delivery.This episode's discussed topics: 00:00 – Welcome & IntroductionSetting the stage for the conversation and the importance of carbon market education.01:50 – Daniel’s Journey: From Trading Desks to AcademiaA look at Daniel’s professional background, early involvement in carbon markets, and the winding path to teaching.07:23 – Why Academia? Daniel’s Motivation to TeachWhat inspired the transition from industry to education—and why giving back matters.10:13 – Building the Carbon Market Academy at NTUHow NTU’s new initiative is shaping future talent for the carbon services and trading sector.21:50 – Evolving Carbon Markets & The Need for Continuous LearningInsights into the current state of carbon markets and the importance of staying sharp in a transforming space.30:10 – Why Education is the Backbone of Climate FinanceExploring the critical role of structured learning in empowering new and existing professionals in the space.34:52 – What Motivates the Next Generation to Join Carbon Markets?Understanding the perspectives, anxieties, and hopes of students and young professionals entering the field.42:25 – Singapore’s Carbon Hub VisionHow Singapore is positioning itself as a global carbon market hub—and what’s driving its rapid ecosystem growth.

Welcome back to the first episode of the Carbon Exposure Project season 3! Our guest for this episode is Alvin Lim, former Executive Director and head of Asia Environmental Products at Morgan Stanley. He is also a Senior Fellow at the NUS Business School. In this episode, the following topics are discussed: 00:00 – IntroductionRene welcomes Alvin Lim and sets the stage for a deep dive into carbon markets, investing, and impact.02:06 – Alvin’s Journey into Climate and CarbonFrom COP15 in 2009 as a student to building a carbon thesis at a sovereign wealth fund.09:21 – Understanding the Private Carbon MarketWhat are ecosystem enablers? Exploring infrastructure, data, and services in the carbon value chain.11:00 – Compliance vs. Project-Based MarketsHow these two market types differ and intersect—and how fungibility is starting to emerge.17:35 – Article 6.2 and 6.4: The Road AheadAlvin breaks down international cooperation, policy trends, and cost-saving potential from the 2019 IETA–Maryland study.20:30 – What Makes a Carbon Project Bankable?Alvin outlines three key risks investors look for: country/political, merchant/price, and performance risk.26:00 – Methodological Shifts & Issuance UncertaintyHow changing methodologies (e.g. REDD+ VM0048) affect future credit issuance and investor confidence.29:49 – De-risking the Market: The Role of Public CapitalPhilanthropy, DFIs, and blended finance mechanisms that help crowd in institutional investors.31:15 – Assessing Project Performance RiskWhy track record, conservative estimates, and insurance matter in evaluating project reliability.33:00 – Does Vintage Matter? A Carbon Market MythA myth-busting segment on vintage bias and the time value of carbon, including a reflection on how trading norms shaped perceptions.41:07 – The Power of Mentorship and EducationAlvin shares his personal story, teaching roles at NUS and Columbia, and why giving back is essential.48:46 – Carbon Markets & the Energy TransitionThe role carbon finance plays in enabling large-scale transition—especially in Asia.50:25 – Accelerating Coal Phase-Out in Emerging MarketsFinancing and incentives needed to speed up coal retirement.53:10 – How Do We Actually Accelerate the Transition?The importance of investment, innovation, and international alignment.57:16 – Reflections on Progress and What’s NextA look at where we stand in the global decarbonization journey—and what it will take to reach net zero.

For this episode, the Carbon Exposure Project traveled to Kuala Lumpur to visit the Bursa Malaysia Carbon Market Forum 2024. We sat down with the head of carbon markets at Bursa Malaysia, Dr. Wei Nee, to talk about ongoing carbon market developments in Malaysia and Asia.Bursa Malaysia led the development and implementation of a Malaysian carbon market framework, leading to the launch of the Bursa Carbon Exchange, BCX, in December 2022. BCX offers a diverse portfolio of standardized carbon credit products, differentiating between nature-based and technological solutions that mitigate emissions. With two recent auctions for carbon credits and Renewable Energy Certificates (RECs), BCX effectively focuses on these two key verticals, enhancing its market offering.As Malaysia and other Asian countries prepare for COP, Bursa Malaysia is taking an active role in fostering regional collaboration. Dr. Wei Nee shares insights on how they intend to work with neighboring countries like Thailand, Indonesia, and Singapore to build a unified Asian carbon framework.Join us as we dive into the evolving landscape of carbon markets in Asia and explore how Malaysia is positioning itself at the forefront of this critical transition. Timestamps:00:00 Introduction to Wei Nee, Bursa Malaysia, and BCX03:02 The Diverse Portfolio of BCX08:28 Creating an Ecosystem at BCX11:28 Key Takeaways from the Carbon Market Forum15:12 Why Are Carbon Markets Not Allowed to Evolve?17:39 Carbon Collaboration Within the ASEAN Region23:25 The Domestic Ambitions of BCX27:55 BCX’s Expectations for COP2929:30 Advancing Carbon Project Financing as a Multi-Asset Exchange37:46 End Note

In this episode, we sit down with Peter Zaman, Partner at HFW, to explore the evolving landscape of carbon markets. Peter is one of the foremost legal experts in the carbon markets. We discuss the challenges of implementing the Paris Agreement, the role of voluntary carbon markets in global decarbonization efforts, and the various types of carbon credits, including the differences between voluntary, CORSIA, and Article 6 credits. Peter breaks down these complex topics with clear analogy, providing listeners with a comprehensive understanding of how carbon credits differ and how carbon markets contribute to the fight against climate change. Timestamps: 00:00 Introduction to Peter and the Carbon Markets 1.0 8:59 Peter’s Role in Carbon Markets 2.0 16:30 The Paris Agreement and its implementation challenges 22:59 The role of the VCM in the global decarbonization strategy 27:32 Different types of carbon approaches and credits 35:15 The difference between voluntary / Corsica / Article 6 credits 37:01 An analogy to explain the difference in credits

For this episode, we invited Ana Haurie, CEO of Respira International. In collaboration with other organizations, Respira launched the Reduce and Invest Campaign in September, encouraging businesses to balance their carbon emissions by simultaneously reducing emissions and investing in climate solutions through the VCM. Their mission is to promote rapid decarbonization while channeling investments to accelerate global net zero. Companies must take immediate action to account for their emissions today, not just in the future. This approach benefits both the planet and businesses, driving long-term value and leadership in climate responsibility. This episode was recorded before the launch of this new campaign, but it highlights the need for such initiatives. In this episode, Rene talks with Ana about Respira, the current state of the VCM, and what is necessary to scale it. Enjoy this episode! timestamps: 00:00 Introduction to Respira 01:49 Project developers; the demand uncertainty 04:24 The returning VCM support 10:30 Solving market issues 12:30 Nature-based solutions are left behind 16:06 Reducing barriers to entry 19:10 Co-benefits should be rewarded 23:43 Insurance companies 25:26 Institutionalization of the VCM 30:43 Reingaging the demand side to scale

Our guest for this episode is Tin Dalida, Chief Operations Officer at Wovoka. Wovoka's mission is to empower communities to grow sustainable Southeast Asian forests through high-quality, nature-based carbon solutions. They have a growing pipeline of additional upland forest and mangrove restoration and conservation projects in the Philippines. In this episode, Rene and Tin talk about different topics like project development, blue carbon, co-benefits, the importance of mangroves, and the challenges project developers face. Timestamps: 00:00 Introduction 01:58 Tin’s journey & Wovoka’s work 03:42 Blue carbon and its potential 06:29 The role of mangroves for ecosystems 8:37 Mangrove protection benefits local communities 11:06 Why nature-based solutions? 15:25 Challenges as a project developer 21:33 Financing challenges 24:56 Tin’s motivation to go on with her work

In this episode, we are joined by Murray Collins, CEO and Co-founder of Space Intelligence. Space Intelligence plays a crucial role in advancing nature-based solutions by delivering precise data on forest coverage and carbon storage. This data is essential for ensuring transparency and accountability in nature investment decisions. The episode features a compelling discussion between two experts, each from a different field but united by a common goal: to help develop markets and mechanisms that effectively combat climate change. Timestamps: 00:42: introduction 00:42: Introduction of Murray and Space Intelligence 2:35: 3 types of satellite data 9:45: Digital MRV 11:42: Providing data to enhance insights and confidence 17:53: Murray’s career in Asia and the start of Space Intelligence 23:30: Singapore as carbon center 25:58: Space Intelligence’s part in reaching Net Zero 29:38: The strange anti-nature rhetoric of the press 36:20: A message for the media

This new CXP episode is featured by Dominic Lüdin, Chief Growth Officer at Carbonfuture. Carbonfuture aims to accelerate climate action with the Trust Infrastructure for durable carbon removal. Rene and Dominic discuss the development and growth of CDR, how CDR should be combined with carbon reduction strategies and the durability of CDR projects. Timestamp: 0:00: introduction 0:54: Introduction to Carbonfuture 3:30: Dominic’s career in carbon markets 8:24 :The development and impact of CDR 16:41 :Pioneers of the CDR market 19:55: The Trust infrastructure 22:30: Combining carbon reduction and -removal 26:46: The price of removals in the future 31:07: Durability & the CDR portfolio

The guest for this episode is Dinesh Babu Nithyanandam, Executive Director of Climate Action Data Trust. CAD trust is a decentralized metadata platform that links, aggregates, and harmonizes all major carbon credit registry data to enhance transparent accounting in line with Article 6 of the Paris Agreement. Topics discussed in this episode: 0:00 Introduction 0:40 Introduction of Dinesh and CAD trust 4:26 CAD Trust: Linking, Aggregating, Harmonizing 8:14 CAD Trust’s blockchain technology & benefits 11:21 The Power of Data 18:45 CAD’s funding model 26:57 Challenges 35:37 Plans for this Year 38:08 Mitigating Double Counting Risks 40:34 Evolution of CAD Trust in the Future

Due to the importance of the discussion with Rene, a representative of the VCM, and Patrick, a representative of the media that has been scrutinizing the market, we have created this highlight video. We hope this episode will foster respectful dialogue. Ultimately, both the media and the VCM should play crucial roles in scaling up efforts to address the most pressing issue we face: climate change.

In today's episode, we are joined by Patrick Greenfield, a biodiversity reporter for The Guardian. Over the past two years, Patrick has extensively covered carbon markets and their effectiveness. He has been at the forefront of media scrutiny surrounding the Voluntary Carbon Market. In this episode, Rene talks with Patrick about this media scrutiny, the effectiveness of the scheme, and whether carbon credits are worthless or worthwhile. Enjoy this very engaging discussion! Topics: 00:00 - Introduction 1:25 - Patrick’s job as a reporter and involvement in the VCM 5:50 - Negative story writing and the use of “Worthlessness” 21:20 - The ‘binary’ outcome of the VCM’s functionality 28:50 - Community impacts from carbon projects 35:07 - Scaling the VCM in the future 44:10 - The use of the term ‘worthlessness’ 49:10 - Additionality in forestry projects 55:02 - Enhancing the integrity of credits 59:05 - Solutions for the future 1:03:58 - Ratings and third-party reviews 1:13:02 - Julia’s opinion piece on the West et al. study 1:16:08 - Partnering between the VCM and the media

In this episode, the tables are turned. Vincent Verweij, Co-Head of Carbon Markets at Valitera, hosts our Carbon Exposure Project founder, Rene Velasquez. Rene met Vincent at a conference, started mentoring him, and they now work together at Valitera, a business they started together with two other partners. Valitera helps clients achieve their net-zero ambitions by providing the best possible advice and access to environmental markets. In this episode, the following topics are addressed: 1:10 Expectations: Developments in the VCM 2:46 The changing market sentiment 5:46 Rene’s background in the carbon markets 10:30 The growth of the VCM 11:40 Addressing growing pains 14:36 CXP’s goal 15:47 The importance of mentoring 20:46 The goal and purpose Valitera 24:49: Biggest threats for the market

Welcome to the first episode of season 2 of the Carbon Exposure Project! We have amazing episodes and guests lined up to provide engaging discussions and insights into everything that has to do with carbon markets. Our first guest: Lorna Ritchie, Director of Public Affairs at the ICVCM. Enjoy! Timestamps: 1:50: Background of ICVCM 5:00: Core carbon principles 8:05 Reaction from buyers on the CCP-eligible program 9:30 Background of Lorna 12:05 The intersection between the compliance and voluntary markets 14:20 The program assessment process 17:50 corresponding adjustments 24:02 Why carbon credits are essential 28:38 A positive note: the future is bright

In this video, the great initiative 'Women in Carbon' takes over the podcast for one episode. Women in Carbon aims to demonstrate the importance of having balanced diversity within markets and organizations. Today, Camile and Eilís have the opportunity to take charge of our male host's role and co-host the podcast together. Topics discussed in this episode: 00:34: Introduction Eilís 2:34 Joining Women in Carbon 3:47 How WiC helps the Carbon Industry 7:25 changing diversity in the markets and companies 11:35 Long-term partnership between WiC and the CXP

In this episode, we dive into a great initiative to drive gender diversity in the carbon markets: Women In Carbon. Our guest in this episode is Camile Pêtre, CFO of BeZero Carbon; one of the top carbon market rating agencies. In this episode, the following topics will be discussed: 1:22 Introduction Camile Pêtre 3:53 Women in Carbon 4:43 Benefits of Women in Carbon 10:21 The Growth of Women In Carbon 11:40 Events of Women In Carbon 13:21 What’s next for Women In Carbon? 14:17 Constraints in taking the next steps

Explore an absolute masterclass from one of the most experienced carbon professionals in the field. For more than 20 years, he has worked in carbon markets and has played a real part in shaping the market to where it is right now. The following topics are discussed in this episode: 1:23 Introduction Mark Lewis; his professional career 3:02 The history of carbon markets 7:32 The pricing of carbon 9:09 Climate-related policy changes in jurisdictions 10:18 Efficient allocation of resources 14:15 Carbon Border Adjustment Mechanism 19:09 Importance of a global carbon price 19:55 Article 6 23:49 EU ETS 25:03 Allowance of offset use in the EU ETC 30:46 Why carbon pricing is necessary 32:37 The perfect endnote

This episode highlights the role of insurance in carbon markets to reduce uncertainty and turn risks into opportunities. The following topics are discussed in this episode: 0.57 Introduction: Natalia 6:20 The establishment of Kita 8:10 Risk and insurance companies in the carbon markets 11:26 Risk as an opportunity 14:14 Risk in the carbon markets 15:55 Insurance for project developers 17:20 Insurance for buyers 17:51 Timing risk 19:16 Unlocking capital; insurances bringing opportunities 22:50 How the insurance is structured 27:03 Portfolio Insurance 30:53 Buffers 35:00 Hopes for insurance to unlock

KlimaDAO, co-founded by Giorgio Donà-Danioni, reached a market cap of billions of Dollars within a few months. In this conversation, Giorgio explains the establishment and development of KlimaDAO and talks about his new projects; Carbonmark and KCG. Timestamp: 1:51 Introduction Georgio  4:42 Blockchain in carbon markets; democratizing the market  15:00 Launch of the blockchain 18:12 How the Klima coin exploded  22:50 Friction with the traditional carbon credit ecosystem  36:21 Building forward with Carbonmark  38:44 KCG   

Dive into a masterclass on Article 6, as Kelley Hamrick simplifies the complex topics of carbon markets. In this COP28 UAE Special episode, the following topics are discussed: 0.50 Introduction; Kelley and carbon markets 5:17 COP28; moving from talking to taking action 8:00 Carbon markets and article 6.2 15:18 Article 6.4 21:00 Fungibility between articles 6.4 and 6.2; interoperability 23:07 Article 6.8 25:00 Hopes for COP28 29:00 The non-profit sector 33:41 Resolve the lack of resources in the global south

Dive into this very interesting conversation between two former colleagues, and above all, very good friends. Russel Karas, Head of Commodities at Xpansiv, discusses the following topics together with our host Rene Velasquez: 1:49 Introduction: Russell 6:00 Working Together at Xpansiv 9:03 The Development of Launching GEO and N-GEO 15:50 The Influence of COVID/Russian-Ukrainian War on Market Dynamics 17:07 The Growth of Xpansiv and the Carbon Markets 21:02 Optimism: The Calm Before the Storm 28:00 Hopes for 2024 and the Later Future

This episode is featured by Stephanie Russo, CEO of Carbon Growth Partners. After Rich Gillmore, she is the second guest returning to our podcast for the second time! And this is not without a reason; she is phenomenal in what she does.

Dive into a conversation with two inspiring leaders within climate finance: Naveed Tariq, CEO at Seagrass, and Ely Sandler, Fellow at the Harvard School of Government. 00:00 Introduction Monologue 00:45 Host Welcome and Introduction 01:14 Introduction by Naveed Tariq, CEO at Seagrass 03:24 Introduction by Ely Sandler, Fellow at the Harvard School of Government 03:40 Ely explains the economic basis for carbon finance 04:30 Ely explains the fundamentals of Article 6 under the Paris Agreement 05:36 Ely discusses the model that he and his colleague Professor Daniel Schrag developed for financing the energy transition through cross-border investment (see: https://www.belfercenter.org/publication/financing-energy-transition-through-cross-border-investment) 07:25 Financing gap for energy grid infrastructure 09:15 Need to link the investment in grids necessary, estimated at $830B annually, to the emission reductions that this infrastructure enables and the intersection under the Paris Agreement 12:58 How to scale the carbon market through innovative financing mechanisms 15:45 The role of the Seagrass marketplace in helping to scale the market 21:00 The scale of the financing gap required to achieve the climate goals and the opportunity for carbon markets 24:03 The role of additionality in carbon financing 24:48 The potential for Hydrogen as an energy source 26:48 The importance of bankability to help unlock scale in climate finance 31:22 Article 6 potential for scaling finance and concluding remarks

We're thrilled to present our newest episode featuring Mark Kenber, Executive Director at VCMI. On this episode, Mark and our very own Rene Velasquez dive deep into the intricacies of Voluntary Carbon Markets (VCMs) and their pivotal role in driving the global transition to Net Zero. Timestamps: 0:43 Introducing VCMI 2:24 Framework to make claims using carbon credits. 3:25 The importance of transparency and integrity to build trust and scale in VCMs. 5:25 Companies struggling meeting SCOPE 3 targets. 9:20 How to incentive investment in Innovation & Technology and Carbon markets to drive transformation within companies. 10:34 Building an end to end High Integrity Framework to channel corporate finance in developing countries while achieving efficient decarbonisation. 16:10 VCMs role in innovation and infrastructure as a tool for enabling compliance markets initiatives. 19:42 VCMs in developing countries as a vehicle to meet NDC´s and more ambitious targets in the future. 23:30 The importance of corporate incentives when acquiring carbon credits to develop VCMs. Review case. Aviation Sector. 27:26 Cost of Action vs. Cost of Inaction. BeZero review case –Portfolio/Risk adjustment basis for offsets. 29:39 Evolution of standard methodologies and the importance of highlighting the progress across the industry in the VCMs narrative.

We are excited to present our latest episode with Sheri Hickok, the dynamic Chief Executive Officer at Climate Impact Partners. Join us as we delve into an enlightening conversation about the nuances and potential of carbon credits. Episode Highlights: Introduction: Meeting Sherry and Initial Impressions - 00:00 Exploring Opportunities: The Potential of Carbon Credits - 00:02:05 Technical Deep Dive: Engineering Challenges in Carbon Credit Systems - 00:04:13 Economic Insights: Efficiency and Waste Reduction in Carbon Systems - 00:06:20 Critical Discussion: Key Aspects of Carbon Credit Mechanisms - 00:08:24 Addressing Challenges: Overcoming Destructive Practices in Carbon Credits - 00:10:29 Asset Management Perspective: Bringing Financial Insights into Carbon Credits - 00:12:27 Policy and Governance: Enhancing Regulatory Frameworks for Carbon Credits - 00:14:30 Sustainability Focus: Concluding Thoughts on Long-term Viability - 00:16:40 Personal Stories: Transformative Effects of Carbon Credit Initiatives - 00:18:46 Wrapping Up: Gratitude and Reflections on the Carbon Credit Journey - 00:20:45 Tune in for a rich and engaging discussion that sheds light on the future of sustainable practices and carbon credits. Watch now: #CarbonExposureProject #CarbonCredits #SustainableFuture #ClimateImpactPartners

We're back with another episode of the Carbon Exposure Project (CXP), on this episode we will interview the highly experienced Benedikt Von Buttler, Portfolio Manager, Evolution Environmental Asset Management, LP. On this episode, he will discuss:- 0:34 Perspective about market evolution & demand. 3:20 Understanding carbon offsetting. 7:00 The role of portfolio/risk management in developing VCMs. 10:00 Understanding price information and trading liquidity in VCMs. Case example: The GIO contract in reflection of demand from the aviation sector. 11:15 High Integrity to encourage more companies to act voluntarily. 11: 50 Fungibility in VCMs. From substantiating voluntary claims to compliance systems. 16:13 Private sector funds/risk signals 17:17 Governance support to give confidence to the markets. 19:40 Inaction being safer than action. 21:25 Review case –Portfolio/Risk adjustment basis for offsets to scale markets. 24:11 Hedge risk in compliance markets towards 2030 targets. 28:31 Fluctuating supply and demand and future balancing in carbon markets. 30:10 Forecasting risk past the short term. 31:40 The importance of developing demand to catch up with supply. #cop28 #vcm #carbonmarkets

Join us on this episode of the Carbon Exposure Project (CXP) as we interview one of the top minds and voices in the climate space, Alexia Kelly, Managing Director, Carbon Policy and Markets Initiative of the High Tide Foundation. Here are some timestamps of the episode:- 0:18 - Alexia´s overview on announcements at COP on the Integrity Council for Voluntary Carbon Markets (ICVCM) and the Voluntary Carbon Markets Integrity Initiative (VCMI). 3:58 - CFTC – Commodity Futures Trading Commission releasing voluntary guidance in the voluntary carbon crediting market. 4:52 - Existing voluntary standards announcing a new initiative for environment integrity. 6:46 - Highlight ICVCM’s work around processes and systems to issue credits and standardization on VCM as well as capital and climate finance mobilization into the Global South. 8:28 - DMRV - as a tool to accelerate issuance and verification processes. 12:20 - Communication initiatives to establish confidence and achieve scale on VCMs. 17:30 - IC VCM work on social benefits and core practices across VCM and its existing standards 22:14 - Thoughts around stabilizing concentration of GHG effectively while decarbonizing our economy. 23:24 - The challenges on the supply chain to achieve systemic transformation. 27:00 - The importance of both internal decarbonization and high quality carbon credits as a mechanism for residual emissions - Analysing positions against carbon credits. 31:15 - VCMs to help address and deliver mitigation opportunities. #cop28 #vcm #carbonmarkets

Join us on this special episode of the Carbon Exposure Project COP28 UAE Special, as our host Rene Velasquez interviews Raymond Song who handles Carbon Markets and Policy at CTrees.

Don't miss this Special Christmas Episode of the Carbon Exposure Project, with Rich Gilmore (CEO, Carbon Growth Partners). On this episode, they discuss:- 1. They discuss the year past in the realm of the carbon markets, epecially looking back at COP28. 2. The underlying principles at play in supply and demand within the carbon markets the various players and drivers of demand in the space (i.e corporates and policy makers). 3. Statistics about carbon credit retirements and issuance in the year past and what they mean in terms of growth within the field (2023 was the highest number of credits retired so far). 4. An indepth explaination of Article 6 and the differences between Article 6.3 and 6.4. 5. Discussing about news of ICVCM and VCMI's collaboration in terms of setting up an integrated market integrity framework and what it means for the carbon market as a whole. 6. Discussing REDD+ (The Hows, Whys, Drivers of Progress and Proven effects to Communities and The Environment). 7. Looking foward at 2024 and what to expect based on the progress from COP28 and the year past as a whole. A not to be missed masterclass from two highly experienced and well known leaders of the Carbon Markets. #christmas #ICVCM #cop28 #markets #VCMI #santaclaus

Dive into this COP28 UAE Special episode featured by Juan David Duran Hernandez, Executive Director of EcoRegistry. In this episode, the following topics are discussed: 0:20 Ecoregistry’s functionality and its role in developing new solutions for VCM´s 4:31 Leveraging from blockchain technology to differentiate from other registries 5:35 The importance of immutability on the chain to build transparency and confidence 7:49 Ecoregistry speed and efficiency to build trust in the market 10:40 Involvement in developing a robust ecosystem to operationalize Article 6 13:50 VCMs as an innovation hub to boost the overall carbon market 15:08 VCM´s participation in the policies at the compliance level – Colombia and Singapore´s case

Join us on this special episode of the Carbon Exposure Project COP28 UAE Special, as our host Rene Velasquez interviews Anna Lerner Nesbitt, CEO of Climate Collective.

Timestamp: 0:54 Communication strategy on VCM 2.0 3:06 The importance of integrating VCM messaging 5:00 VCM as a viable solution for an urgent problem 6:26 Urgent call to leaders and businesses to tackle inaction on decarbonization 9:19 Reflecting back on a real case 12:00 Call to action on communication to scale carbon markets

On this special episode of the Carbon Exposure Project COP28 UAE Special, our host Rene Velasquez interviews Sam Gill, Co-Founder and President of Sylvera.

On this special episode of the Carbon Exposure Project COP28 UAE Special, our host Rene Velasquez interviews Rich Gilmore, CEO of Carbon Growth Partners.

In this episode, our host Rene Velasquez talks to Diego Saez Gil, Co-founder and CEO of Pachama; a company that helps other companies invest in nature through high-quality carbon credits.

Dive into the first episode of our COP28 UAE series, where Marcelo Labre, co-founder and CEO of Veridios AI, engages in a dynamic conversation with our host, Rene Velasquez, live from COP28 UEA. Stay tuned for more insightful conversations with industry leaders during COP28 UAE! 00:40 Instruction on Veridios AI and how they developed 03:38 Pricing: How the prices get determined 04:54: The clients of Veridios 06:26 The Influence of SDGs on projects and pricing 08:13 How Veridios’ AI models get trained to drive the outputs 10:04 The evolving market and its evidence digitalization transition 13:34 Complementarities en differences between Rating agencies and Veridios 15:40 What is needed to scale up the carbon market

We're thrilled to have Wei Mei Hum from ACX (AirCarbon Exchange) join us this week. As the Head of Asia Pacific and Head of Carbon & Environmental Products, Wei Mei Hum plays a key role in advancing ACX (AirCarbon Exchange)'s initiatives in the region, focusing on carbon and environmental solutio​​ns. With a rich background in climate change policy, including significant work at Singapore's National Climate Change Secretariat, Wei Mei brings deep expertise in greenhouse gas accounting and carbon markets. Dont miss this episode where she talks to our host Rene Velasquez, about ACX's growth and evolution; blockchain technology ACX employs and its benefits interms of transparency and increasing accessibility of carbon credit trading and the inclusiveness of the Global Carbon Offset Markets in regards to its various players.

We dive deep into the world of carbon, nature, and the crucial role of scientific research in understanding and combating climate change. Akash talks about his journey in his career as well as academics. He also shares his insights on forest recovery in the Himalayas, and delves into the tropical ecosystems of Southeast Asia from his perspective as a postdoctoral researcher. Akash enlightens us on various scales and tools for estimating carbon amounts. From peat swamps in Southeast Asia to the intriguing use of space lasers, he gives us an insight into the latest in carbon measurement technology. Akash discusses the ease of processing space data, the costs associated with forest plots and satellite launches, and the importance of scientific collaboration with private companies. Plus, a thought-provoking question: How would you spend a billion dollars for the planet? Don’t miss an exciting episode with a brilliant researcher sharing his insights into nature and climate based solutions Catch the part by part episodes on Youtube Stay Tuned! #CarbonExposureProject #NatureBasedSolutions #ClimateChange #vcm #carbonmarkets #netzero #climate #sustainability #carbonoffset #article6 #sdg #COP28

On this week’s episode of the Carbon Exposure Project (CXP), were thrilled to have on the show Dale Hardcastle, who oversees Bain’s global carbon market and nature-based solutions efforts. This episode consists of three parts, where our Rene Velasquez will talk to Dale Hardcastle to get his insights about the carbon markets drawing from his role at one of the leading consultancy firms in the world. The episodes cover topics starting from the recent developments of Carbon Markets to methods on spurring future growth; the evolulution of the carbon markets and how to get corporates involved in carbon markets.