In part 1 of our carbon removal series, we talked to Nan Ransohoff — Head of Climate at Stripe — about what it might take to jumpstart the market of carbon removal solutions. But what happens when there is a true, thriving market of buyers and sellers? How will suppliers effectively reach the right buyers, and as more solutions become available, how will buyers effectively vet the options?In part 2, we address these questions and more, together with Brennan Spellacy, co-founder & CEO of Patch – a growing marketplace for carbon credits. We also cover many evolving market dynamics, like the potential differences between two sets of tons delivered, the opportunity and challenge of effectively educating buyers, the integration of software like Patch's API, verification solutions and their current limitations, how even the voluntary market is being held accountable for their carbon claims, and the role that Patch is playing to help develop this nascent industry.By the way, if you like this episode, be sure to look out for part 3 of our series where we get into the nitty gritty of 3 emerging carbon removal solutions — ranging from biomass pyrolysis to carbon mineralization. Resources: Patch’s website: https://www.patch.io/Follow Patch on Twitter: https://twitter.com/usepatchFollow Brennan on Twitter: https://twitter.com/bspellacy_ Stay Updated: Find us on Twitter: https://twitter.com/a16zFind us on LinkedIn: https://www.linkedin.com/company/a16zSubscribe on your favorite podcast app: https://a16z.simplecast.com/Follow our host: https://twitter.com/stephsmithioPlease note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. For more details please see a16z.com/disclosures. 

Brennan Spellacy, CEO of Patch, discusses the evolution of carbon credit developers and the shift towards blockchain-enhanced transparency in the market. He shares insights on founding his startup amid market peaks, emphasizing adaptability and caution. The conversation also highlights Patch's innovative applications across various sectors and the urgent need for increased investment in climate solutions to drive meaningful change in the energy transition. It's a compelling look at the future of climate action.

Brennan Spellacy, a co-founder of the innovative startup Patch, discusses revolutionizing corporate climate neutrality. He explains how their platform bridges the gap between lofty sustainability pledges and tangible actions. The conversation dives into the complexities of carbon markets, the role of blockchain technology, and the challenges of carbon accounting. Brennan emphasizes the significance of transparency in sustainability claims and shares insights on their impressive $55 million funding milestone. He also highlights the power of collective action in driving climate solutions.

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.

Brennan Spellacy, Co-founder and CEO of Patch, is on a mission to harness technology for climate action. He shares his journey from chemical engineering to launching a fintech platform dedicated to sustainability. Topics include the vital role of consumer behavior in combatting climate change and innovative tools to enhance climate initiatives. Brennan also discusses the realities of entrepreneurship and Patch's ambitious plans for European expansion, highlighting the need for tailored strategies for diverse customer journeys.