Cold Call
Calyx Global: Improving the Quality of Carbon Credits
Apr 1, 2025
Mike Toffel, an HBS Professor focusing on climate change, joins Duncan van Bergen, Co-founder of Calyx Global, to delve into the challenging landscape of carbon credits. They explore how organizations navigate ethical dilemmas while striving for credibility in the voluntary carbon market. The duo discusses the criteria for high-quality carbon credits, the importance of maintaining integrity, and how emerging technologies like AI and blockchain are transforming evaluation processes. Tune in for insights on balancing business growth with sustainability!
39:15
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Quick takeaways
- Calyx Global aims to enhance the credibility of carbon credits by improving their quality assessment amidst concerns of legitimacy and greenwashing.
- The company faces critical dilemmas regarding potential business model changes that could impact its trustworthy reputation in the evolving carbon credit market.
Deep dives
Understanding Carbon Footprints
A carbon footprint quantifies the total greenhouse gases, primarily carbon dioxide, emitted through human activities that contribute to climate change. Everyday actions such as driving, heating homes, eating, and shopping significantly influence individual carbon footprints, with the average in the U.S. being 16 metric tons—three times higher than the global average. Reducing one's carbon footprint can be achieved through lifestyle changes, but for quicker impact, carbon credits are available as a means to offset emissions. These credits allow individuals and organizations to finance projects that reduce greenhouse gases, thus providing a way to compensate for their own emissions.
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