INSUBCONTINENT EXCLUSIVE:
greenhouse gases accumulate in the atmosphere, but one startup company is trying to facilitate reforestation by supporting carbon offsets
Pachama has raised $4.1 million to create a marketplace where companies can support carbon offset projects
The company is backed by some big names in tech investment, like former Uber executive Ryan Graves, through his private investment firm,
Saltwater, and Chris Sacca, a prominent early investor in Uber, through his Lowercase Capital firm.Founded by Diego Saez-Gil, a serial
through the Amazon rain forest in Peru
that these investors have at their disposal), but investors are right to be a little wary.Carbon markets are driven by policy, and
policymakers have been reluctant to draft legislation that would put a high enough price on carbon emissions to make those markets
only when the price of carbon moves beyond $15 per ton of carbon dioxide (or similar emissions) offset
forests can contribute to replenishing global biodiversity, and captures more carbon than cultivating forests for industrial use, but both
existing certification bodies, but offers its customers monitoring and management services through access to satellite imagery and sensors
plaguing countries like Brazil
If carbon markets paid as much as ranching, it would reduce the need for animal husbandry and plantation farming in Brazil, Indonesia or
projects are being double-counted or sold, according to Saez-Gil
Pachama has a person who is contacting forest project developers so that they can list the projects independently
forest in Brazil and Peru and projects in the United States in California, Vermont, New Jersey, Connecticut and Maine .Saez-Gil has high
hopes for the future of carbon markets based on demand coming, in part, from new regulations like those imposed on the airline
