Cofounder/CPO of @nori on a mission to reverse climate change using crypto incentives. I like hockey, blockchain, making food, local politics, & Phish.
May 27, 2022 • 6 tweets • 3 min read
This by @neel_dhan is the best I've seen at characterizing the actual problems in carbon removal/offset industry. All these web3 offset marketplaces are making the mistake of assuming this is a demand-side liquidity problem. There is not enough supply! 1/
vox.com/recode/2314210…
Carbon credits should not be traded. Period. They should be retired immediately upon first sale. Immediate retirement ensures the financial incentives are driven towards the people removing the CO2, not rent-seeking middleman brokers.
2/
May 26, 2022 • 7 tweets • 3 min read
We don’t deserve someone so thoughtful and considering in the SEC, but I’m grateful @HesterPeirce is there. More and more, I’ve been thinking that “carbon accounting” as it exists and is evolving, is a dead end for reversing climate change. There’s far too much ambiguity.
