Why Carbon Credits Don't Legally Change Hands, and what GCMU has Built to Fix that
Carbon markets have been around for three decades, and we are still working out the foundational infrastructure they need to scale.
On the newest episode of This Week in Carbon, GCMU CEO Chris Canavan spoke with Rene Velasquez on why this is, and what it will take to close that gap.
The conversation ranges from what we can learn from the origins of the likes of the Depository Trust Company, SWIFT, and Chicago as the capital of commodities trading, to the challenges of demonstrating that a transfer of carbon credit from a seller to a buyer is a legally enforceable transfer of ownership.