In this episode of the Pitch, I spoke with Saif Bhatti from Renoster about their innovative approach to the carbon market. Saif outlined Renoster's mission to revolutionize carbon credit transparency and understanding, a leap from their initial focus on anti-poaching. We explored how they employ advanced techniques like remote sensing and AI to assess carbon sequestration projects accurately, emphasizing their commitment to transparency. This is crucial in a market fraught with challenges like misrated carbon credits and regulatory uncertainties. Saif shared insights into Renoster's unique business model and their role in shaping the integrity of the carbon credit market. It was enlightening to understand Renoster's impact in driving substantial climate action through market transparency.

Find out more at renoster.co

Check out Saif on LinkedIn https://www.linkedin.com/in/saifbhatti/

Questions from the Pod

• How would you pitch Renoster in a couple of sentences?
• What was the aha moment (Came up with the idea)?
• What’s the problem you are trying to solve? Why now?
• What’s your solution? How would you describe your product?
• How would you answer people saying I don’t trust ratings?
• Who is your target customer?
• What’s your business model?
• How big is the market and how fast is growing?
• How do you measure traction? What number proves you are on the right track?
• Who are your main competitors? And how do you think you can build a long lasting competitive advantage?
• USP
• What is the existing solution?
• How is your team? What makes your team perfect for the job?
• What are the major risks you see ahead?
• Have you already raised? Are you looking to raise soon?
• Your take on the latest New Yorker piece

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In this episode of the Pitch, I spoke with Stenver Jerkku about how his company Solid World is working to improve liquidity and transparency in the forward carbon credit market. We discussed how Solid World is creating tokenized prepaid carbon credit pools that allow project developers to sell carbon credits upfront in order to obtain funding. This aims to streamline a process that currently lacks visibility and liquidity. Stenver explained that key metrics like total value locked in the pools and trading volumes have been increasing since launch. While delivery risk remains, Solid World's rigorous vetting process provides projects access to a standardized sales channel. It was fascinating to learn more about the innovative solutions Solid World is bringing to scale high-quality climate action globally.

Timestamps

00:27 - The elevator pitch

05:13 - The problem

09:56 - The Solution

13:53 - Target customers and benefits of working with Solid World

20:57 - Stenver's views on growth in the carbon markets

23:25 - Key metrics and traction Solid World is seeing so far

26:47 - Comparing Solid World to other solutions and competitors

29:45 - Major risks and challenges for going forward

Discover more about Solid World: https://www.solid.world/

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• Nura is building Plano to simplify the carbon credit creation process, which is currently complex, time-consuming and expensive for projects. Their vision is to digitize the process using machine learning and blockchain.
• Plano's initial focus is on "blue carbon" mangrove projects in Indonesia, where they are piloting their rapid assessment tool. Their goal is to eventually support all nature-based carbon projects globally.
• Early traction includes over 40 projects on their early access waiting list and partnerships with 3 pilot projects plus 5 more in the pipeline for testing.
• While competitors exist like Revalue Nature, Plano aims to truly streamline the end-to-end process and make it accessible to anyone wanting to set up a carbon project.
• The voluntary carbon markets targeting natural solutions like mangroves are still small but growing rapidly as more organizations set climate targets.
• Despite criticisms, Nura believes nature-based credits will continue playing a key role given the many environmental and social co-benefits they provide over engineering solutions alone.

0:00-2:00 - Introduction to Nura's founder and experience that led him to identify problems with current carbon credit validation process.

2:00-5:00 - Further background on complex multi-step process today and Nura’s vision to digitize, streamline and automate validation of carbon projects on their SaaS platform Plano.

5:30-8:00 - In-depth explanation of specific pain points Plano aims to solve

8:00-10:30 - How they plan to rapidly assess carbon reductions and generate credits using computer vision, remote sensing and machine learning algorithms

11:00-13:30 - Deep dive on mangrove pilot projects underway in Indonesia, partner details and early lessons from digital assessments.

13:30-16:00 - Challenges assessing mangrove systems and adaptations made to validation tools and methodology.

16:00-18:30 - Partnerships in 5 other countries and pipeline of additional projects interested in using Plano.

18:30-21:00 - Traction to date including 40+ projects on waitlist and differentiation from other vendors.

21:00-23:30 - Outlook for voluntary carbon markets growth and future of compliance markets.

23:30-26:00 - Funding landscape, current fundraising round details and target milestones.

26:00-End - Product roadmap, priority features and customer onboarding plans.

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