Do carbon credit ratings help or harm the growth of carbon markets? How important is standardization to liquidity? Should we look to lessons from the bond market? Equities? Commodities? Derivatives? Precious metals? Real estate?! Get ready to go full high finance — it’s a show about market structure.
In this episode, Reversing Climate Change’s host and Nori Co-founder Ross Kenyon is joined by Tommy Ricketts, CEO and Co-founder of BeZero Carbon, a carbon credit ratings agency, and Matt Trudeau, the CEO of Nori, for a friendly debate about how the industry rates and prices carbon credits.
What do you do with heterogeneous credits? And what is the overall price of carbon — what is the price-setting instrument? Should or could there be an idealized financial instrument that represents a tonne of perfect carbon removal? What does this unlock? What might it obscure?
The discussion revolves around the vital role of project-level quality in the carbon market and the significance of a risk-based approach. Tommy sheds light on the creation of BeZero Carbon and its mission to distinguish the quality of carbon credits. The conversation underscores the potential growth constraints of striving for perfection in carbon markets. The trio explore the evolving landscape of carbon credit markets, the possibility of governmental intervention, and the role of private capital in fueling climate-positive projects.
Tune in to tickle the market structure nerd in your heart you didn’t know existed.
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Resources
BeZero Carbon
Tommy on LinkedIn
Follow Matt on X
Tommy’s article that inspired the show, “Carbon isn’t just another commodity market”
Matt’s response, “Commodities markets and the financialization of carbon”
Matt writing on buffer pools for VCM
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Nov 9, 2023
54 min
Is hunting on the brink of extinction? Is that a good or a bad thing?
In this episode, we delve into the intricate connection between the art of hunting and our profound relationship with the natural world. Our is guest Bruce McGlenn, Founder and Lead Instructor of Human Nature Hunting—a program that, as Bruces describes it, is fundamentally and foremost about helping people reconnect or strengthen their connection to nature through hunting.
By delving into the immersive process of the hunt, we uncover the journey's transformative impact, from meticulous planning to profound reconnection with the environment.
Bruce sheds light on the intersections between veganism and hunting, emphasizing the shared commitment to minimizing animal suffering and aversion to conventional factory farming. The episode culminates with a reflection on the spiritual significance of acknowledging the sacrifice inherent in our sustenance, prompting listeners to contemplate their role within the delicate balance of nature.
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Purchase Nori Carbon Removals
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Check out our other podcast, Carbon Removal Newsroom
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Resources
Human Nature Hunting
Braiding Sweetgrass by Robin Wall Kimmerer
A Sand County Almanac by Aldo Leopold
José Ortega y Gasset
Wolf Reintroduction in Yosemite
S3E41: Whole animal butchery, nose-to-tail eating, & climate—w/ Kevin Smith, butcher & owner of Beast and Cleaver
S2E53: Paul Kingsnorth on the shared roots of climate crisis, transhumanism, & immortality
S2E64: How to Be Animal: a guide for confused humans—w/ Melanie Challenger, author
Bonjerk jerky
Here is the quote from Kahlil Gibran's The Prophet:
Then an old man, a keeper of an inn, said,
Speak to us of Eating and Drinking.
And he said:
Would that you could live on the fragrance of the earth, and like an airplant be sustained by the light.
But since you must kill to eat, and rob the newly born of its mother’s milk toquench your thirst, let it then be an act of worship,
And let your board stand an altar on which the pure and the innocent offorest and plain are sacrificed for that which is purer and still more innocentin man.
When you kill a beast say to him in your heart,
“By the same power that slays you, I too am slain; and I too shall be consumed.
For the law that delivered you into my hand shall deliver me into a mightierhand.
Your blood and my blood is naught but the sap that feeds the tree of heaven.”
And when you crush an apple with your teeth, say to it in your heart,
“Your seeds shall live in my body,
And the buds of your tomorrow shall blossom in my heart,
And your fragrance shall be my breath,And together we shall rejoice through all the seasons.”
And in the autumn, when you gather the grapes of your vineyards for thewinepress, say in your heart,
“I too am a vineyard, and my fruit shall be gathered for the winepress,
And like new wine I shall be kept in eternal vessels.”
And in winter, when you draw the wine, let there be in your heart a songfor each cup;
And let there be in the song a remembrance for the autumn days, and forthe vineyard, and for the winepress.
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Nov 2, 2023
57 min
What if you bought carbon removal, not as an offset, but rather as a gift?
This week we sat down with the founding team at Thanks a Ton (Laura Katayama, Tessaria Mihangel, and our own Siobhan Montoya Lavender), a carbon dioxide removal gifting startup on a mission to spread awareness about the burgeoning high-quality CDR industry.
“We take climate change very seriously, but try not to take ourselves too seriously” is a mantra the team lives by.
Thanks a Ton offers a platform where you can send the gift of carbon removal via a digital greeting card. Although the team admits that they are still circling product-market fit, they have had little problem securing high-quality project developers and have gotten a lot of attention for their fun-loving and often striking artwork.
In this episode we dive into this scrappy startup and the surprisingly robust platform they’ve built to engage non-insiders with carbon removal.
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Purchase Nori Carbon Removals
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ResourcesThanks a Ton platform
Thanks a Ton on Instagram
Thanks a Ton on Tiktok
Tessaria on Tiktok
Siobhan on X
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Oct 26, 2023
42 min
In this week’s episode, the name of the goal is not ‘net zero’, it’s regeneration. We’re joined by Paul Hawken: author of many books including Drawdown and Regeneration, activist, and entrepreneur to talk about the tools that he believes can end the climate crisis.
Paul takes us through the concept of "carbon tunnel syndrome," an overemphasis on carbon as a mere numerical figure, often favored by the tech industry. He also sheds light on the staggering statistic that less than 1% of the global population actively works on climate solutions. He also is quite skeptical that direct air capture will ever make energetic sense.
Throughout history, the climate movement has urged individuals to focus on future existential threats. However, Paul highlights a stark reality: over five billion people wake up every day preoccupied with current existential threats.
This episode serves as a stark reflection on the array of solutions within our grasp. It underscores the urgency of prioritizing Earth's regeneration and explores the intricate relationship between carbon removal and the broader climate solution landscape. Join us in this candid conversation about addressing the climate crisis head-on, and be sure to check out Paul’s new book Regeneration: Ending the Climate Crisis in One Generation.
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Resources
Paul Hawken’s website
Paul Hawken on X
Project Drawdown
Drawdown: The Most Comprehensive Plan Ever Proposed to Reverse Global Warming
Regeneration: Ending the Climate Crisis in One Generation
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Oct 12, 2023
47 min
Solar geoengineering. It's not just a question of whether or not to do it, but of how it might be done and why.
This week we are joined by Shuchi Talati, founder of The Alliance for Just Deliberation on Solar Geoengineering, to talk about who is making decisions about solar geoengineering and whether or not populations most vulnerable to climate change have a seat at the table.
Solar geoengineering or “Solar Radiation Modification/Management (SRM)” is the large-scale and intentional intervention to increase the amount of sunlight reflected back into space. The purpose is to temporarily limit temperature increase.
Shuchi walks us through why the Alliance is not for or against SRM, why refusing to discuss or research RSM is potentially an inherently privileged standpoint, and why she believes we should center voices from regions already experiencing horrific climate impacts.
Listen in to find out who is currently researching SRM, what the potential risks and benefits are, and how the Alliance plans to make such a controversial topic more open and accessible.
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Purchase Nori Carbon Removals
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Check out our other podcast, Carbon Removal Newsroom
Carbon Removal Memes on Twitter
Carbon Removal Memes on Instagram
Resources
The Alliance for Just Deliberation on Solar Geoengineering
The Ministry for the Future by Kim Stanley Robinson
UNEP 2023 Report
Follow Shuchi on X
The Degrees Initiative
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Oct 5, 2023
45 min
Imagine a biomass substance that reduces our reliance on petroleum and deforestation for physical products. This is the vision of Hexas Biomass, a company that is developing new raw materials from sustainable sources. Their flagship product, XanoFiber, has been bred to possibly be(!) a #carbonnegative fiber that can be used to create a wide range of products, from clothing to building materials.
In this week's episode, Wendy Owens, CEO and Founder of Hexas Biomass, discusses the challenges and opportunities of integrating new raw materials into the existing supply chain. She introduces XanoFiber and its potential to revolutionize the way we produce and consume goods and materials.
Owens highlights the importance of using marginal lands for biomass production, which can help to avoid competition with farming. She also discusses why we still use trees for low-value commodity products, the potential of XanoGrass to outcompete tree farms, the gradual transition to a bioeconomy, and why we need to make use of the trillion dollars worth of manufacturing infrastructure that already exists.
This episode is a must-listen for anyone interested in learning more about the future of sustainable materials—enjoy!
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Check out our other podcast, Carbon Removal Newsroom
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Resources
Hexas website
Follow Hexas on Twitter
Wendy’s previous Reversing Climate Change episode: 84: Good Biomass, Bad Biomass: Giant Reed Edition—Wendy Owens of Hexas Biomass
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Sep 28, 2023
51 min
Is buying carbon credits like buying real estate? What would a tradable commodity market for the carbon removal industry look like?
In today's episode, Ross sits down with Matt Trudeau, Nori’s new CEO, to get a glimpse of how a veteran market builder thinks about building carbon markets that meet the challenges of a rapidly scaling industry.
Matt talks about the balance between standardization and innovation within carbon market development, discusses the evolution of financial markets, and explores the impact of high-frequency trading on fairness and efficiency.
Listen in to get a sense of where the burgeoning carbon market is encountering hurdles and what we can learn from the historical transition to electronic trading systems.
If you've ever pondered the transformation of bespoke carbon credit transactions into a full-fledged commodities market, this episode is a must-listen.
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Resources
Follow Matt on Twitter
Flash Boys: A Wall Street Revolt by Michael Lewis
Tradewind
ErisX
NASDAQ
New York Stock Exchange
IEX
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Sep 21, 2023
48 min
Kenya is exploding into the Direct Air Capture scene. New York City is hosting the first ever global DAC conference. And while Al Gore is deeply knowledgeable about climate change, he might be wrong about carbon removal.
In this episode of Reversing Climate Change, Jason Hochman, the co-founder and senior director of the DAC Coalition, takes us on a foray into Nairobi, Kenya, where he recently attended the first Africa Climate Summit. We learn why Kenya and the countries along the East African Rift will be critical for carbon removal.
Coming up on October 16th and 17th, Jason shares that Columbia University will play host to the first ever Global Direct Air Capture Conference. This event is designed to bring together all interested stakeholders to discuss the current and future states of DAC, and how the parties can come together to bridge the gap.
The conversation explores what is considered to be "responsible" DAC, why there is opposition to it, and why there is also bipartisan support for it.
Come for the direct air capture, stay for Jason's new nickname.We hope you enjoy this episode as much as we did!
Connect with Nori
Purchase Nori Carbon Removals
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Check out our other podcast, Carbon Removal Newsroom
Carbon Removal Memes on Twitter
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Resources
Direct Air Capture Coalition
Global Direct Air Capture Conference
RMI
Breakthrough Energy
Carbontech Development Initiative
Jason on X
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Sep 14, 2023
41 min
In this episode of Reversing Climate Change, we are joined once again by Caroline Saunders, a skilled pastry chef and dedicated recipe tester, who channels her passion into crafting delectable treats using climate-friendly ingredients.
Ross Kenyon and Radhika Moolgavkar enthusiastically embraced the challenge of trying Caroline’s climate-friendly baking recipes. Discover who fared better in their quest to bake the perfect key lime pie!
Discover how Caroline’s journey towards becoming a climate-conscious baker was ignited in her personal life but then involved a radical career change out of environmental media and into studying abroad at Le Cordon Bleu in Paris and interning at a Michelin-starred restaurant. The ingenuity and precision of the pastry chefs she encountered inspired her to harness her culinary skills for a greater environmental cause.
Explore how Caroline is developing best practices, creating a gateway for at-home bakers into regenerative foods.
Currently, Caroline tests recipes for a cookbook author who shares her passion for climate-friendly baking. She experiments with Kernza flour, spelt flour, and non-dairy milks, sharing her innovations on her blog and social media.
Caroline encourages culinary exploration with novel elements and the generous sharing of discoveries. She underscores the importance of supporting businesses that embrace climate-friendly ingredient choices. Discover the perspectives of other bakers on seed-saving and recipes that prioritize the climate's welfare. Envision the future of global sustenance in the decades and centuries ahead.
Connect with Nori
Purchase Nori Carbon Removals
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Resources
Caroline on Twitter
Pale Blue Tart
The Sustainable Baker podcast
Earth Alliance
Le Cordon Bleu
Culinary Institute of America
Kneading Conference
Mark Hyman
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Aug 24, 2023
51 min
S3E51: The Heat Will Kill You First—w/ Jeff Goodell, author and contributing editor of Rolling Stone
Extreme heat. What does it feel like? Why is it getting worse and who is it impacting?
In this Reversing Climate Change podcast episode, we spoke with Jeff Goodell, contributing editor at Rolling Stone and author of The Water Will Come and his latest, The Heat Will Kill You First: Life and Death on a Scorched Planet.
Tune in to hear about Jeff Goodell's personal experience with extreme heat. Learn about what cities are doing to combat the urban heat island effect, and what the true costs of adaptation will likely be.
Could certain cities become uninhabitable due to escalating heat levels? Ross and Jeff explore the variations in heat adaptation across different regions and income brackets, along with the possibility of introducing new labor laws in response to heat-related challenges.
The discussion also delves into the preparedness of the U.S. military for climate change impacts, the future outlook for ranking or naming extreme heat events, and the implications for the fossil fuel industry and the transition to clean energy.
One thing becomes clear, as temperatures continue to rise: the Phoenix, Las Vegas, or Austin that people know and love, is going to look very different in the future.
The show also discusses Jeff's long-running reportage on both carbon removal and geoengineering, and evaluates the status of both ideas, and what's likely to play out in the near-future.
Connect with Nori
Purchase Nori Carbon Removals
Nori's website
Nori on Twitter
Check out our other podcast, Carbon Removal Newsroom
Carbon Removal Memes on Twitter
Carbon Removal Memes on Instagram
Resources
Jeff Goodell on Twitter
Jeff Goodell’s Website
The Heat Will Kill You First, Life and Death on a Scorched Planet
The Water Will Come
Jeff's writing for Rolling Stone
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Aug 17, 2023
57 min
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