The Dark Arts of Finance - Moss Adami

We are joined by reporter Avi Asher-Schapiro who, along with his colleague Fabio Teixeira, has published an investigation into the crypto carbon credits markets. This collision between green finance and crypto economics reveals many of the worst tendencies of both sectors as financiers take advantage of highly profitable opportunities for price arbitrage. Such as bundling low quality “zombie credits” with high quality carbon credits, labeling these subprime assets as premium, and selling the tokens at the highest price. All in the name of making the markets more efficient at saving the planet, of course. ••• Follow Avi: https://twitter.com/AASchapiro ••• Fears of 'subprime' carbon assets stall crypto rainforest mission https://www.context.news/net-zero/long-read/fears-of-subprime-carbon-assets-stall-crypto-rainforest-mission Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)