Phil Fogel, the co-founder and Chief Blockchain Officer at FlowCarbon, discusses FlowCarbon, Carbon Credits, ReFi, Climate Change, and much more.
Today’s guest is Phil Fogel, the co-founder and Chief Blockchain Officer at FlowCarbon. Flowcarbon is a pioneering climate technology company that brings carbon credits onto the blockchain. Its mission is to make carbon markets accessible and transparent, enabling the efficient and early flow of capital to be invested directly into projects that combat climate change. FlowCarbon is committed to driving real impact for people, biodiversity, and the planet. Phil has deep expertise in finance and market research. Phil is also currently the managing partner at Corner3 Ventures, a seed and early-stage angel investing firm. Previously he was head of strategy at Bitgreen, COO of Datavore, he has started a financial services company, and a blockchain startup. We discuss FlowCarbon, Carbon Credits, ReFi, Climate Change, and much more. We begin our conversation by discussing carbon credits. Phil explains at a high level the role of carbon credits and how it benefits the environment. We discuss how by providing an economic incentive to decarbonize, we will help push society toward renewable energy. We discuss the changing narrative around climate change and the push for ESG. Phil explains why the current carbon credit marketplace is so complex. We discuss how FlowCarbon is bringing the carbon credit market on-chain. Phil explains the benefits of putting carbon credits on a blockchain. We discuss an emerging crypto sector called “ReFi,” or Regenerative Finance. Phil explains the movement behind ReFi. We discuss the importance of providing an economic incentive to solve climate change. We pivot our conversation to discuss how Phil fell down the crypto rabbit hole and how he concluded that blockchain technology can be used to construct new economic paradigms. We transitioned our conversation to discuss why FlowCarbon decided to build on top of Celo. Phil explains how decentralizing the carbon credit market opens the market up to a new set of participants who would’ve never had access to it in the traditional system. We discuss the second-order effects of making the carbon credit market more efficient and transparent. We discuss how blockchains are investing a portion of their block rewards to help fight climate change. We also discuss the positive impact of having non-financial use cases for blockchain as a positive for regulators. Our final discussion topic centered around FlowCarbon’s future roadmap. Please enjoy my conversation with Phil Fogel.
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