Thomas McMahon, AirCarbon - Making Carbon trading frictionless, starting next week (S2E3)
Thomas McMahon is the Co-Founder and Chief Executive Officer of AirCarbon, a Singapore-domiciled digital exchange focused on eliminating market friction in a carbon-constraint economy by securitizing carbon credits into fungible and tradable securities with transparent pricing and real-time settlement. The soft launch is currently planned for August 19, with the full go-live in September 2020.
A veteran of the global commodities markets, with long experience in establishing by now well-accepted benchmarks like WTI, Tom is leading the push towards creating the first commodities exchange establishing a global carbon standard in compliance with various ESG and SDG requirements.
Our conversation covers, among other topics:
- What are carbon credits, and how are they different from allowances?
- Previous attempts at creating emission trading schemes (ETS) under the Kyoto Protocol
- The difference to the current approach under the Paris Accord
- Producers and consumers of carbon credits, and the different products initially traded on AirCarbon
- The impact of building upon a blockchain platform on the ability to innovate on products
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