SOCAP22 - Do We Need a Second Economy?: How to Think Like a Plant
Channel: SOCAP Global
Date: 2023-02-22

In the face of the global climate crisis, Delton Chen sees current conventional methods — carbon taxes, subsidies, credits, and more — falling short. For inspiration on a climate change solution, he looked to nature and a supportive framework to prompt climate action and deliver climate mitigation rewards. 

Chen, Project Director & Founder of Global Carbon Reward, shared his vision for a policy-oriented solution to climate change during a fireside chat at SOCAP22 with Alexis Bunten, Founder and CEO, WAQAA LLC, Senior Advisor, JumpScale LLC, and Program Director, Bioneers. Watch the recording to learn more. 


Speakers:
– Delton Chen, Project Director & Founder, Global Carbon Reward
– Alexis Bunten, Founder and CEO, WAQAA LLC, Senior Advisor, JumpScale LLC, and Program Director, Bioneers 


Highlighted quotes:
"“We have an economy which is specializing for combustion — the availability of biofuels and fossil fuels. We use the energy to produce goods and services. The resolution through this conceptual model is we need a parallel economy which is analogous to photosynthesis. But its role as a parallel economy is to conventionally mitigate, to pull carbon out of the atmosphere and sequester it, because we’re going to need that service.” – Delton Chen

"“We have to stop the extraction with an alternative economy that can price the protection of the planet. We need to convince policymakers and economists that this is a rational policy.” – Delton Chen

"“Today’s carbon markets are not really designed to mitigate, they are designed to lower the aggregate costs of mitigating. Companies are doing things voluntarily because the policies aren’t there — we have a policy hole. … The policy is a missing piece in the jigsaw puzzle.” – Delton Chen


About SOCAP: 
SOCAP Global works under the leadership of Sorenson Impact Center to serve as the thought leadership platform for the accelerating movement towards a more just and sustainable economy. We convene a global ecosystem and marketplace – social entrepreneurs, investors, foundation and nonprofit leaders, government and policy leaders, creators, corporations, academics, and beyond – through live and digital experiences that educate, spur conversation, and inspire investment in positive impact. 

Join us at an upcoming SOCAP: Find all of our events, articles, and resources at www.socapglobal.com.
 
SOCAP22 was held October 17-20, 2022.