Episode description
Episode description
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
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
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