Brennan Spellacy, Co-Founder, and CEO of carbon offset technology business Patch shares the story behind the company. I also learn how their technology enables customers to calculate their carbon footprint to identify and finance offset projects that capture the equivalent carbon dioxide emissions associated with that footprint. The company works with over 100 corporations and institutions, including the likes of Farfetch, Afterpay, Harvard University, and the University of Oxford. Its customer portfolio spans industries such as travel, fintech, crypto, and ecommerce. Patch is jointly headquartered in London and San Francisco, and its principal investor is American VC fund Andreessen Horowitz. We discuss how the software allows companies to choose which projects they'd like to finance to support the removal of carbon dioxide from the atmosphere, with projects ranging from reforestation and conservation projects to more high-tech, early-stage technologies like direct air capture and sequestration projects.
Finally we explore the current macroeconomic landscape for climate technology founders in the UK and US right now and how Patch's technology works in practice and why it should not be viewed as an alternative to the decarbonisation of business.
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