Diego Saez Gil

Our guests today are, Diego Saez-Gil of Pachama and Sam Gill of Sylvera, and we're talking about forestry carbon offsets.Forestry carbon offsets were designed as a financial tool to provide an economic incentive for landowners to make alternative decisions, to pay landowners to keep their forests intact in the case of deforestation avoidance credits or to reforest previously damaged land in the case of reforestation credits. The money for this economic incentive comes from large actors who can then take "credit" for their action and apply it against the carbon footprint of their own organization. This is a carbon offset. In the simplest terms, if part of a company cannot decarbonize quickly, but still aims to achieve net-zero emissions, they can pay a forest landowner to preserve their forest and take an agreed upon amount of carbon off their balance sheet accordingly. And it’s a relatively new thing. Forestry carbon offsets have become a popular product over the last decade, and like any maturing industry, it has challenges.Diego and Sam are here to walk us through why forests matter, the history of offsets and how they work, some of the challenges highlighted recently, and what they think the path forward looks like. Regardless of what you think of carbon offsets, this is a crucial problem to solve. Without an economic incentive to maintain and regrow the world's forests, any thought of avoiding the worst effects of climate change is out the window. In this episode, we cover: Diego's background and intro to PachamaSam's experience and an overview of SylveraForests in the world today and why they matter for climateRisk of deforestation and the Amazon becoming a self-reinforcing negative feedback loopHow the story of biodiversity has changed from a forestry perspectiveEconomic levers at play with regard to forests, including reforestation and afforestationThe link between forest credits, offsets, and carbon marketsProblems associated with deforestation credits and managing illegal activityThe voluntary market for deforestation credits, who's buying and whyHow deforestation credits are measured now and historicallyMeasuring reforestation and afforestation projectsDiego and Sam's thoughts on a recent article in The Guardian claiming that most forest carbon offsets are worthlessHow Sylvera assesses forest projects and its reaction to The Guardian articlePachama's approach to creating synthetic baselines and validating the uncertainty of predictionsOvercoming challenges through collaborationPredictions for the future of forest carbon marketsGet connected: Cody Simms Twitter / LinkedInDiego Twitter / LinkedInSam Twitter / LinkedIn  MCJ Podcast / Collective*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.Episode recorded on January 31, 2023 Enjoyed this episode? Please leave us a review! Share feedback or suggest future topics and guests at info@mcj.vc.Connect with MCJ:Cody Simms on LinkedInVisit mcj.vcSubscribe to the MCJ Newsletter*Editing and post-production work for this episode was provided by The Podcast Consultant

Diego Saez Gil discusses founding Pachama for carbon reduction, AI tools for climate projects, net zero pledges, raising $90 million, and surviving a house fire linked to climate change.

Diego Saez Gil, co-founder of Pachama, discusses his journey in building a marketplace linking companies to carbon offset projects. He dives into how technology, like remote sensing, revolutionizes carbon tracking and boosts trust in offsets. The conversation also covers the vast potential of reforestation and the challenges of funding in the carbon market. Diego emphasizes corporate responsibility in achieving sustainability and shares insights on attracting investors interested in climate solutions.