a16z Podcast

Building a Marketplace for Carbon

6 snips
Dec 6, 2022
Brennan Spellacy, Co-founder and CEO of Patch, dives into the evolving marketplace for carbon credits. He discusses the challenges of buyer education and the importance of transparency in carbon transactions. The conversation highlights how API integration can enhance climate action and the need for reliable verification in the carbon offset space. Brennan also explores the dynamics of corporate sustainability commitments, influenced by consumer preferences and regulatory pressures, while addressing the complexities of validating carbon offset projects.
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INSIGHT

Patch's Approach to Carbon Credits

  • Patch doesn't treat carbon credits as commodities like traditional exchanges.
  • It emphasizes transparency and metadata, unlike exchanges that only provide basic information.
INSIGHT

Emerging Carbon Credit Standards

  • Multiple carbon credit standards are emerging, including traditional ones and newer rating agencies.
  • These standards, while different in approach, produce similar outputs about carbon projects.
ANECDOTE

Buyer Education in Carbon Markets

  • Many buyers lack familiarity with carbon market metrics, unlike simple e-commerce.
  • Patch addresses this through education within the platform and by partnering with consulting firms like the Big Four.
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