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Learn how companies can speed up the decarbonization of their operations, serving to to attract down the greater than 1 trillion tons of carbon dioxide emitted by people throughout the Industrial Era. Jason Grant, chief working officer of Climate Vault, and Sanjay Srivastava, chief digital strategist at Genpact, focus on the sophisticated particulars of how carbon markets, credit, and allowances work. Climate Vault, a nonprofit that purchases and manages carbon allowance and credit to assist carbon seize and sequestration applied sciences, and Genpact, a digital providers agency that gives carbon tracking capabilities for large organizations, have partnered to ship an end-to-end resolution for monitoring, managing, and turning a revenue by lowering CO2 emissions.
Climate Vault was named a World Changing Idea for 2022 by the enterprise journal, Fast Company. Jason and Sanjay clarify the distinction between a carbon allowance and a carbon credit score. Carbon allowances allow you to emit, for instance, 1 ton of CO2 inside an total carbon funds. Genpact’s instruments observe whether or not the allowance goes unused, in order that the ensuing financial savings might be retired or offered. That’s the place Climate Vault comes into the image. It buys carbon allowances, retires them to forestall emissions, and turns the averted emissions into funding that helps carbon capture and sequestration technology growth. In different phrases, Climate Vault helps corporations use one carbon allowance to each retire CO2 and fund the instruments that can take away extra CO2 sooner or later.
You can study extra about Genpact at genpact.com and about Climate Vault at climatevault.org.
This podcast initially aired on November 18, 2022.