Tech Talks Daily
2229: Patch and the Technology Scaling Unified Climate Action
Jan 7, 2023
Brennan Spellacy, Co-Founder and CEO of Patch, shares insights from his carbon offset technology company that helps businesses calculate and manage their carbon footprints. They explore how Patch empowers over 100 companies, including Farfetch and Harvard University, to finance various carbon removal projects. Brennan discusses the intersection of technology and sustainability, the challenges companies face in adopting eco-friendly practices, and the crucial role of transparency in carbon offsetting. This conversation emphasizes the necessity of integrated solutions for effective climate action.
27:12
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Quick takeaways
- Patch's technology empowers companies to calculate their carbon footprints and finance diverse projects for carbon removal and sequestration.
- The growing demand for sustainable practices highlights a shift in investment trends, emphasizing the need for long-term commitments to climate technology solutions.
Deep dives
The Role of Carbon Removal in Climate Action
Carbon removal plays a pivotal role in addressing climate change, as it complements traditional decarbonization efforts. While decarbonization focuses on reducing emissions at their source, the current levels of atmospheric CO2 necessitate carbon removal strategies to achieve net-zero objectives effectively. Businesses must recognize that a ton of carbon prevented from being emitted is more beneficial than a ton emitted and later removed, making it clear that both strategies are essential for combating climate change. Patch operates as a carbon removal marketplace that connects corporations with various carbon abatement projects, thereby facilitating a comprehensive approach to environmental responsibility.
