... set up this discussion.

Super.

Well, look, I think there's a lot in both- in what both of you just said, and so I'll give you my take.

And Mike, it might differ a little bit in some respects, but let me start with how I see the US case, which is what I know best, but I also wanna touch on a little bit about the global case, 'cause I know you've got, uh, listeners from all over the world.

The US, we are in a remarkable moment right now in the US with respect to the energy transition.

And for somebody who sort of is, um, always predisposed [laughs] to think about things in terms of the path forward and action and hope and optimism, uh, lar- if I, if I weren't optimistic, I couldn't [laughs] show up and do my job every day.

Um, I think it's a moment of incredible opportunity, but also of risk.

So, uh, so you've been talking about solar and battery storage, but what about wind?

... set up this discussion.

Super.

Well, look, I think there's a lot in both, in what both of you just said, and so I'll give you my take.

And Mike, it might differ a little bit in some respects, but let me start with how I see the US case, which is what I know best, but I also wanna touch on a little bit about the global case, 'cause I know you've got listeners from all over the world.

The US, we are in a remarkable moment right now in the US with respect to the energy transition.

And for somebody who sort of is, um, always predisposed [chuckles] to think about things in terms of the path forward and action and hope and optimism, uh, or if I, if I weren't optimistic, I couldn't show up and do my job every day, um, I think it's a moment of incredible opportunity, but also of risk.

And let me explain what I mean.

So, uh, so you've been talking about solar and battery storage, but what about wind?

Okay, so let's just sort of, you know, set the scene for us, help us understand when we talk about the voluntary carbon markets, what do we have in mind and how big is this market and what is its potential, both when we think about it from a financing perspective, an environmental perspective, and a technology perspective?

Thanks, Joe.

And thanks a lot to the Salata Institute and to Harvard for hosting this.

And thanks all of you for coming.

I'm really pleased to be on the panel with really terrific co-analysts.

To set the stage a little bit, the voluntary carbon market is essentially the marketplace in which private entities, mostly companies, can go and buy credits that represent, ideally, real verified emission reductions from a range of projects.

This might be a carbon dioxide removal project that takes emissions out of the air and stores it underground.

So if we think that there's a potential here to sort of leverage market forces to ramp up financing and decarbonization, what do we think about the different roles of ratings, of liability, of factors that may influence prices that gets us away from I may buy the two dollar garbage 'cause it's cheaper than the twenty dollar quality and gets us actually moving towards quality projects where we have greater confidence about the return? Go ahead.