In this episode, Martin and Jahed speak with Raphaël Haupt, co-founder and CEO of Toucan Protocol. In the conversation, they cover the historical arc of the carbon markets, how we got to the market we have today through greenwashing and in some cases fraud, and what Toucan is building to enable transparent and auditable climate finance at scale. They touch on the recent Verra controversy, and how Toucan is building tools and financial infrastructure to help registries, marketplaces, brokers, and corporates understand what they are buying so that they can finance the economic system change we need to power through this century’s energy and environmental challenges. We hope you enjoy the episode.