BBE: Fintech4Good — Unlocking the Blue Carbon Credits Marketplace
In episode 184, our host Roberto Capodieci took on the challenge to learn and inform our auditors on this “Blue Carbon Credits Marketplace”. To do that, we invited Jahed Momand (Co-founder of Cerulean Ventures) expert in the carbon credits sector.
In the rapidly evolving world of fintech, where innovation is driving new financial services and solutions, there’s a fascinating concept that’s gaining traction: “blue carbon credits.” Blue carbon credits are a revelation that is reshaping the carbon market and playing a crucial role in protecting our oceans and marine ecosystems. In a recent episode of Breaking Banks Europe, an exceptional guest, Mr. Jahed Momand from Barcelona, Spain, shed light on this exciting and relatively unexplored territory.
Unlike the traditional carbon credits associated with forests and land-based solutions, blue carbon credits are all about the incredible carbon-capturing capacity of our oceans. It turns out that the sea captures more carbon than forests, which has been a revelation to many. While we often think of forests as the primary carbon absorbers, there are other powerful carbon-capturing entities like algae and various marine plants in the ocean.
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The primary actions in this field undoubtedly revolve around measuring emissions, understanding the capacity for capture, and, in general, quantifying the impact, which is the most complex aspect. The issue of oceans is highly intricate, with one of the leading financial institutions stating their inability to enter this sector due to a lack of information and legal concerns regarding ocean ownership.
The concept of externalities is pivotal in this field, and artificial intelligence can be immensely helpful as it can measure and balance the ecosystem of participants, in this case, those who contribute to pollution and those who mitigate it. Additionally, integrating IoT (Internet of Things) and AI (Artificial Intelligence) technologies can provide real-time data and analytics on the health and performance of these projects. Through AI-powered solutions like causal AI, it becomes possible to identify and quantify the contributions of each participant in an ecosystem game, such as a nature-based project. This data can then be fed into the blockchain, updating the value of the NFTs and ensuring transparency for investors.
The potential of blue carbon credits and nature-based solutions is immense, and the financial industry must embrace them to drive meaningful environmental impact. By adopting blockchain, AI, and IoT technologies, we can ensure fair valuation, scalability, and liquidity for nature-based projects. Blue carbon credits offer a new frontier for fintech to contribute to a sustainable future, and with continued innovation and collaboration, we can unlock their full potential. So, let’s dive into the world of blue carbon credits and make a lasting impact on our planet’s health.
📺 Watch the full episode here: https://www.youtube.com/watch?v=3Ot0DDkJsxE&t=2s
Article by Giovanni Scandroglio
