Carbon Exposure Project

Welcome to the Carbon Exposure Project! A platform for peer-to-peer conversations with people who are driving forward the carbon markets of tomorrow. Join your host Rene Velasquez we get to discuss topics at the intersection of ESG and finance over cocktails, with the amazing backdrop of the lion city, Singapore.

Demystifying Carbon Credits - Galia Orme

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by Head of Projects & Legal at ONE TRIBE. Welcome to the Carbon Exposure Project!

05-28
13:50

From Delta to Yum! - Stephanie Zhu on Corporate Climate Action

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by Stephanie Zhu, former sustainability member at Delta Air Lines, and now active as Director of Climate at Yum! Brands. Topics discussed: 00:00 – introductionA light intro leading into the live recording at the European Climate Summit.01:25 – Stephanie Zhu’s Sustainability JourneyFrom finance to ESG leadership at Delta Airlines and Yum! Brands.03:42 – Inside Delta: Navigating the Voluntary Carbon Market A first-hand look at how one of the world’s biggest airlines approached offsets.05:10 – Reduce and Invest: A Dual Strategy for DecarbonizationWhy internal reductions and external investments must go hand-in-hand.06:57 – Carbon Markets Are Complicated—Here’s WhyChallenges in understanding offsets, additionality, and building a credible portfolio.10:55 – From Aviation to Agriculture: Cross-Sector Climate StrategyThe different decarbonization hurdles across industries—and how to tackle them.14:05 – The Voluntary ParadoxWhy companies taking climate action face more scrutiny than those doing nothing.16:00 – A Pragmatic Path Forward for Corporate Climate ActionLet’s not let perfection stall progress—what realism looks like in sustainability.

05-21
19:11

Building Climate Businesses, Not Just Carbon Projects – David Antonioli

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by David Antonioli, former Founder & CEO of Verra.Topics discussed in this episode:00:00 – Introduction02:32 – David’s new paper: “Financing the Transitions the World Needs”03:41 – Rethinking carbon markets: key insights from the report06:03 – Biochar: a case for real-world carbon solutions09:04 – Developer vs. biochar business: shifting identities11:29 – “On paper” vs. reality in project scalability14:58 – The “three buckets” of climate project economics18:03 – Keeping projects operational & long-term thinking21:03 – Market incentives and insetting as cost strategies24:03 – Rewriting the climate narrative & new leadership27:03 – Global insights and financial infrastructure reform28:26 – A new paradigm for transition-focused markets30:03 – Carbon credits as tools, not destinations

05-07
31:11

Turning Waste into Worth: Circular Solutions & Carbon Innovation – Sandra Pinzón García

During the IETA European Climate Summit held in Lisbon, we spoke with some inspiring voices at the conference. In this European Climate Summit Special Episode, we're joined by Sandra Pinzón García, Founder & CEO of Global Zero Waste. Sit back, relax, and enjoy the episode! Topics discussed in this episode: 00:00 – Introduction & Sandra’s mission in circular economy 01:26 – From carbon markets to plastic credits 02:54 – Defining circular economy: water, energy & materials 06:03 – The rise of plastic credits & Cercarbono partnership 09:04 – Building a new methodology for global recycling projects 10:24 – Innovation, R&D and project transformation 14:53 – Scaling impact through zero-waste strategies 18:37 – Sandra’s reflections on climate leadership

04-30
24:33

Why Education Could Be the Most Powerful Tool in Climate Finance - Daniel Lee

this episode, we're joined by Daniel Lee, an Associate Professor in Carbon Markets at the Nanyang Business School. Before transitioning to academia full-time, he spent close to 18 years in the industry, where he undertook a variety of roles across the Energy and Decarbonization value chains, including Commodity Trading, Acquisitions & Divestments, and Capital Project Delivery.This episode's discussed topics: 00:00 – Welcome & IntroductionSetting the stage for the conversation and the importance of carbon market education.01:50 – Daniel’s Journey: From Trading Desks to AcademiaA look at Daniel’s professional background, early involvement in carbon markets, and the winding path to teaching.07:23 – Why Academia? Daniel’s Motivation to TeachWhat inspired the transition from industry to education—and why giving back matters.10:13 – Building the Carbon Market Academy at NTUHow NTU’s new initiative is shaping future talent for the carbon services and trading sector.21:50 – Evolving Carbon Markets & The Need for Continuous LearningInsights into the current state of carbon markets and the importance of staying sharp in a transforming space.30:10 – Why Education is the Backbone of Climate FinanceExploring the critical role of structured learning in empowering new and existing professionals in the space.34:52 – What Motivates the Next Generation to Join Carbon Markets?Understanding the perspectives, anxieties, and hopes of students and young professionals entering the field.42:25 – Singapore’s Carbon Hub VisionHow Singapore is positioning itself as a global carbon market hub—and what’s driving its rapid ecosystem growth.

04-09
49:06

What Makes a Project Investable and Bankable? - Alvin Lim

Welcome back to the first episode of the Carbon Exposure Project season 3! Our guest for this episode is Alvin Lim, former Executive Director and head of Asia Environmental Products at Morgan Stanley. He is also a Senior Fellow at the NUS Business School. In this episode, the following topics are discussed: 00:00 – IntroductionRene welcomes Alvin Lim and sets the stage for a deep dive into carbon markets, investing, and impact.02:06 – Alvin’s Journey into Climate and CarbonFrom COP15 in 2009 as a student to building a carbon thesis at a sovereign wealth fund.09:21 – Understanding the Private Carbon MarketWhat are ecosystem enablers? Exploring infrastructure, data, and services in the carbon value chain.11:00 – Compliance vs. Project-Based MarketsHow these two market types differ and intersect—and how fungibility is starting to emerge.17:35 – Article 6.2 and 6.4: The Road AheadAlvin breaks down international cooperation, policy trends, and cost-saving potential from the 2019 IETA–Maryland study.20:30 – What Makes a Carbon Project Bankable?Alvin outlines three key risks investors look for: country/political, merchant/price, and performance risk.26:00 – Methodological Shifts & Issuance UncertaintyHow changing methodologies (e.g. REDD+ VM0048) affect future credit issuance and investor confidence.29:49 – De-risking the Market: The Role of Public CapitalPhilanthropy, DFIs, and blended finance mechanisms that help crowd in institutional investors.31:15 – Assessing Project Performance RiskWhy track record, conservative estimates, and insurance matter in evaluating project reliability.33:00 – Does Vintage Matter? A Carbon Market MythA myth-busting segment on vintage bias and the time value of carbon, including a reflection on how trading norms shaped perceptions.41:07 – The Power of Mentorship and EducationAlvin shares his personal story, teaching roles at NUS and Columbia, and why giving back is essential.48:46 – Carbon Markets & the Energy TransitionThe role carbon finance plays in enabling large-scale transition—especially in Asia.50:25 – Accelerating Coal Phase-Out in Emerging MarketsFinancing and incentives needed to speed up coal retirement.53:10 – How Do We Actually Accelerate the Transition?The importance of investment, innovation, and international alignment.57:16 – Reflections on Progress and What’s NextA look at where we stand in the global decarbonization journey—and what it will take to reach net zero.

03-26
01:00:36

COP28 UAE Special - Sheri Hickok (Chief Executive Officer, Climate Impact Partners)

We are excited to present our latest episode with Sheri Hickok, the dynamic Chief Executive Officer at Climate Impact Partners. Join us as we delve into an enlightening conversation about the nuances and potential of carbon credits. Episode Highlights: Introduction: Meeting Sherry and Initial Impressions - 00:00 Exploring Opportunities: The Potential of Carbon Credits - 00:02:05 Technical Deep Dive: Engineering Challenges in Carbon Credit Systems - 00:04:13 Economic Insights: Efficiency and Waste Reduction in Carbon Systems - 00:06:20 Critical Discussion: Key Aspects of Carbon Credit Mechanisms - 00:08:24 Addressing Challenges: Overcoming Destructive Practices in Carbon Credits - 00:10:29 Asset Management Perspective: Bringing Financial Insights into Carbon Credits - 00:12:27 Policy and Governance: Enhancing Regulatory Frameworks for Carbon Credits - 00:14:30 Sustainability Focus: Concluding Thoughts on Long-term Viability - 00:16:40 Personal Stories: Transformative Effects of Carbon Credit Initiatives - 00:18:46 Wrapping Up: Gratitude and Reflections on the Carbon Credit Journey - 00:20:45 Tune in for a rich and engaging discussion that sheds light on the future of sustainable practices and carbon credits. Watch now: #CarbonExposureProject #CarbonCredits #SustainableFuture #ClimateImpactPartners

01-10
20:49

COP28 UAE Special - Benedikt von Butler (Partner, Portfolio Manager, Evolution Environmental Asset Management, LP)

We're back with another episode of the Carbon Exposure Project (CXP), on this episode we will interview the highly experienced Benedikt Von Buttler, Portfolio Manager, Evolution Environmental Asset Management, LP. On this episode, he will discuss:- 0:34 Perspective about market evolution & demand. 3:20 Understanding carbon offsetting. 7:00 The role of portfolio/risk management in developing VCMs. 10:00 Understanding price information and trading liquidity in VCMs. Case example: The GIO contract in reflection of demand from the aviation sector. 11:15 High Integrity to encourage more companies to act voluntarily. 11: 50 Fungibility in VCMs. From substantiating voluntary claims to compliance systems. 16:13 Private sector funds/risk signals 17:17 Governance support to give confidence to the markets. 19:40 Inaction being safer than action. 21:25 Review case –Portfolio/Risk adjustment basis for offsets to scale markets. 24:11 Hedge risk in compliance markets towards 2030 targets. 28:31 Fluctuating supply and demand and future balancing in carbon markets. 30:10 Forecasting risk past the short term. 31:40 The importance of developing demand to catch up with supply. #cop28 #vcm #carbonmarkets

01-10
32:29

COP28 UAE Special - Alexia Kelly (Managing Director, Carbon Policy and Markets Initiative)

Join us on this episode of the Carbon Exposure Project (CXP) as we interview one of the top minds and voices in the climate space, Alexia Kelly, Managing Director, Carbon Policy and Markets Initiative of the High Tide Foundation. Here are some timestamps of the episode:- 0:18 - Alexia´s overview on announcements at COP on the Integrity Council for Voluntary Carbon Markets (ICVCM) and the Voluntary Carbon Markets Integrity Initiative (VCMI). 3:58 - CFTC – Commodity Futures Trading Commission releasing voluntary guidance in the voluntary carbon crediting market. 4:52 - Existing voluntary standards announcing a new initiative for environment integrity. 6:46 - Highlight ICVCM’s work around processes and systems to issue credits and standardization on VCM as well as capital and climate finance mobilization into the Global South. 8:28 - DMRV - as a tool to accelerate issuance and verification processes. 12:20 - Communication initiatives to establish confidence and achieve scale on VCMs. 17:30 - IC VCM work on social benefits and core practices across VCM and its existing standards 22:14 - Thoughts around stabilizing concentration of GHG effectively while decarbonizing our economy. 23:24 - The challenges on the supply chain to achieve systemic transformation. 27:00 - The importance of both internal decarbonization and high quality carbon credits as a mechanism for residual emissions - Analysing positions against carbon credits. 31:15 - VCMs to help address and deliver mitigation opportunities. #cop28 #vcm #carbonmarkets

01-08
32:12

COP28 UAE Special - Raymond Song (Carbon Markets and Policy, CTrees)

Join us on this special episode of the Carbon Exposure Project COP28 UAE Special, as our host Rene Velasquez interviews Raymond Song who handles Carbon Markets and Policy at CTrees.

01-08
15:41

CXP Christmas 2023 Special Episode: Interview with Rich Gilmore (CEO, Carbon Growth Partners)

Don't miss this Special Christmas Episode of the Carbon Exposure Project, with Rich Gilmore (CEO, Carbon Growth Partners). On this episode, they discuss:- 1. They discuss the year past in the realm of the carbon markets, epecially looking back at COP28. 2. The underlying principles at play in supply and demand within the carbon markets the various players and drivers of demand in the space (i.e corporates and policy makers). 3. Statistics about carbon credit retirements and issuance in the year past and what they mean in terms of growth within the field (2023 was the highest number of credits retired so far). 4. An indepth explaination of Article 6 and the differences between Article 6.3 and 6.4. 5. Discussing about news of ICVCM and VCMI's collaboration in terms of setting up an integrated market integrity framework and what it means for the carbon market as a whole. 6. Discussing REDD+ (The Hows, Whys, Drivers of Progress and Proven effects to Communities and The Environment). 7. Looking foward at 2024 and what to expect based on the progress from COP28 and the year past as a whole. A not to be missed masterclass from two highly experienced and well known leaders of the Carbon Markets. #christmas #ICVCM #cop28 #markets #VCMI #santaclaus

12-25
19:47

COP28 UAE Special - Anna Lerner Nesbitt (CEO, Climate Collective)

Join us on this special episode of the Carbon Exposure Project COP28 UAE Special, as our host Rene Velasquez interviews Anna Lerner Nesbitt, CEO of Climate Collective.

12-15
29:09

COP28 UAE Special - Sam Gill (Co-Founder and President, Sylvera)

On this special episode of the Carbon Exposure Project COP28 UAE Special, our host Rene Velasquez interviews Sam Gill, Co-Founder and President of Sylvera.

12-13
11:46

COP28 UAE Special - Rich Gilmore (CEO Carbon Growth Partners)

On this special episode of the Carbon Exposure Project COP28 UAE Special, our host Rene Velasquez interviews Rich Gilmore, CEO of Carbon Growth Partners.

12-11
08:54

COP28 UAE Special - Diego Saez Gil (Co-founder, CEO Pachama)

In this episode, our host Rene Velasquez talks to Diego Saez Gil, Co-founder and CEO of Pachama; a company that helps other companies invest in nature through high-quality carbon credits.

12-09
14:15

COP28 UAE Special - Marcelo Labre (Co-founder, CEO Viridios AI)

Dive into the first episode of our COP28 UAE series, where Marcelo Labre, co-founder and CEO of Veridios AI, engages in a dynamic conversation with our host, Rene Velasquez, live from COP28 UEA. Stay tuned for more insightful conversations with industry leaders during COP28 UAE! 00:40 Instruction on Veridios AI and how they developed 03:38 Pricing: How the prices get determined 04:54: The clients of Veridios 06:26 The Influence of SDGs on projects and pricing 08:13 How Veridios’ AI models get trained to drive the outputs 10:04 The evolving market and its evidence digitalization transition 13:34 Complementarities en differences between Rating agencies and Veridios 15:40 What is needed to scale up the carbon market

12-08
16:49

How Carbon Markets Grow: Clarity, Confidence & the Will to Act - Oi-Yee Choo

In this new episode of the Carbon Exposure Project, Rene Velasquez sits down with Oi-Yee Choo, CEO of Climate Impact X. Together, they dive into a dynamic conversation on the evolution of carbon markets, regulatory clarity, and the future of climate finance—offering sharp insights from both financial and sustainability perspectives.In this episode, the following topics are discussed: 00:00 – Intro & Oi-Yee’s path into carbon markets06:43 – From banking to fintech to impact11:08 – REITs, tokenization & new asset classes15:37 – Market building: trust, structure & growth18:15 – Risk aversion & regulatory clarity20:36 – ASEAN cooperation & Singapore’s role26:58 – Why governments must build confidence29:43 – Oi-Yee's market experience as CEO35:34 – The myth of oversupply & demand lag38:40 – What the market needs now44:43 – Aviation & urgency in decarbonization48:30 – Shipping & new sectoral demand51:39 – Tech players & CDR57:30 – The future of the market

04-23
01:00:23

Episode 9 - Wei Mei Hum

We're thrilled to have Wei Mei Hum from ACX (AirCarbon Exchange) join us this week. As the Head of Asia Pacific and Head of Carbon & Environmental Products, Wei Mei Hum plays a key role in advancing ACX (AirCarbon Exchange)'s initiatives in the region, focusing on carbon and environmental solutio​​ns. With a rich background in climate change policy, including significant work at Singapore's National Climate Change Secretariat, Wei Mei brings deep expertise in greenhouse gas accounting and carbon markets. Dont miss this episode where she talks to our host Rene Velasquez, about ACX's growth and evolution; blockchain technology ACX employs and its benefits interms of transparency and increasing accessibility of carbon credit trading and the inclusiveness of the Global Carbon Offset Markets in regards to its various players.

11-21
28:19

Episode 8 - Akash Verma

We dive deep into the world of carbon, nature, and the crucial role of scientific research in understanding and combating climate change. Akash talks about his journey in his career as well as academics. He also shares his insights on forest recovery in the Himalayas, and delves into the tropical ecosystems of Southeast Asia from his perspective as a postdoctoral researcher. Akash enlightens us on various scales and tools for estimating carbon amounts. From peat swamps in Southeast Asia to the intriguing use of space lasers, he gives us an insight into the latest in carbon measurement technology. Akash discusses the ease of processing space data, the costs associated with forest plots and satellite launches, and the importance of scientific collaboration with private companies. Plus, a thought-provoking question: How would you spend a billion dollars for the planet? Don’t miss an exciting episode with a brilliant researcher sharing his insights into nature and climate based solutions Catch the part by part episodes on Youtube Stay Tuned! #CarbonExposureProject #NatureBasedSolutions #ClimateChange #vcm #carbonmarkets #netzero #climate #sustainability #carbonoffset #article6 #sdg #COP28

11-14
37:57

Episode 7 - Dale Hardcastle

On this week’s episode of the Carbon Exposure Project (CXP), were thrilled to have on the show Dale Hardcastle, who oversees Bain’s global carbon market and nature-based solutions efforts. This episode consists of three parts, where our Rene Velasquez will talk to Dale Hardcastle to get his insights about the carbon markets drawing from his role at one of the leading consultancy firms in the world. The episodes cover topics starting from the recent developments of Carbon Markets to methods on spurring future growth; the evolulution of the carbon markets and how to get corporates involved in carbon markets.

11-07
42:16

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