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Climate Confident
Fighting Climate Change With Carbon Removal - A Chat With Patch CEO Brennan Spellacy
Sep 7, 2022
Brennan Spellacy, CEO of Patch, discusses the complexities of the carbon credit marketplace. He highlights how firms can navigate ethical implications and the need for transparency in carbon offsets. Spellacy dives into the varying costs of carbon removal technologies, from affordable reforestation to high-tech solutions like direct air capture. He emphasizes making carbon offset programs accessible and discusses the future of carbon abatement, including innovative investment strategies and evolving sustainability platforms.
30:56
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Quick takeaways
- Investing equitably in both renewable energy and carbon abatement is essential for achieving comprehensive climate action at scale.
- Patch facilitates trust in the carbon credit market by ensuring sellers meet stringent verification standards to combat greenwashing.
Deep dives
Investment Discrepancy in Climate Solutions
Current global investment in renewable energy vastly surpasses funding for carbon abatement strategies, with ratios estimated at three to four hundred times more. While renewables have shown positive impacts and established technologies, there remains a gap in understanding effective carbon abatement strategies at scale. This means that as we pursue climate goals, it's essential to allocate a fair percentage of investment toward carbon abatement, acknowledging it as a critical part of the solution. Therefore, it is important for stakeholders to keep an eye on how investments are distributed between these two areas as we strive for comprehensive climate action.
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