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Our Climate Week Blockchain Summit Recap

Our Climate Week Blockchain Summit Recap

October 3, 2022
Still feeling the momentum from the inaugural Climate Week Blockchain Summit where Flowcarbon gathered leaders in the industry to discuss its most crucial questions and opportunities. In case you missed it, we’re recapping some of the key moments from a few of the most knowledgeable players in the field.

"The last 12 months have seen an unprecedented degree of technical talent and innovation being directed at the climate crisis, which has included some of the most interesting and impactful applications of blockchain technology," said Flowcarbon Co-founder and CEO Dana Gibber.

Check out some more of our favorite highlights:

"In order to prevent temperatures from rising above 1.5 degrees Celsius there's going to be a need to see the voluntary carbon market expand exponentially. Some estimates indicate that it must expand by a factor of 15 by 2030. That's not going to happen without tokenization, without harnessing the power of technology and democratizing access to carbon credits."

Democratic Congressman Ritchie Torres

Democratic Congressman Ritchie Torres

“There is clearly a spike now, but underpinning it there is real wealth and demand like we haven’t seen before. I think it’s driven by corporations who have these long term net zero commitments. A survey of 6,000 companies showed that only two percent had net zero commitments, so the potential market is enormous. It’s really going to be about building out the market infrastructure and maintaining integrity.”

Eron Bloomgarden, Founder and CEO of Emergent

“Part of what you’re seeing with the carbon market now is a bunch of bottlenecks all over the place. This is scaling so fast. Nobody saw it coming to this extent. The real promise of blockchain is decentralizing and transparency. That may help alleviate some of the bottlenecks because you’re no longer relying so much on central authorities.”

Lars Mathias Kvale VP of Market Strategy at Chia Network

“This used to be mostly a North American market. It’s now completely global and it’s getting more and more global. I think it’s a good domino in that respect. We need to be careful to have safeguards in place to strengthen the stability that the market has developed in the past 10 or 15 years.”

Stephen Donofrio Managing Director of Ecosystem Marketplace

Benoît Clément Director of Financial Innovations at Verra

“I am particularly interested in the opportunities around transparency as well as liquidity. Composability, how these tokens can plug into other kinds of applications is a really interesting subcomponent of liquidity.”

Benoît Clément Director of Financial Innovations at Verra

Big thank you to our co-hosts dClimate and DeepMarkit, and to our sponsors senken Watr Protocol, Celo Foundation, Greenly | Certified B Corp, C+Charge and Climate Collective.

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