Is carbon the new gold?

In this episode of Wicked Problems, Richard talks with Joe Pretorius, one of the visionaries behind the “toco” currency and co-founder of The Carbon Reserve, a non-profit central bank that will manage the money supply of tocos by matching them with carbon credits, with those assets backing the currency - marking a huge difference in approach to assets from the decentralised, vibes-driven approach of cryptocurrencies. As it launches in Switzerland this week, soon to be followed by a launch in Denmark, discover how this carbon-backed digital currency aims to transform our approach to climate change mitigation and foster a sustainable future.

Episode Highlights:

Genesis of the Toco: Joe explains the inspiration behind Toco, detailing its function as an independent carbon-backed currency designed to directly link everyday economic activities with climate action.

Toco's Mechanism and Impact: Discover how Toco operates, its backing by carbon mitigation assets, and the potential it holds for promoting sustainable practices among individuals and businesses alike.

A Vision for Better Money: Joe shares his philosophical perspective on why a carbon-based currency could be the key to a better world, emphasizing how Toco can enable individuals to make a meaningful climate impact effortlessly.

Personal Journey and Climate Awakening: Joe recounts a pivotal moment that deeply impacted his view on climate change, driving him to seek out innovative solutions and dedicate his efforts to environmental sustainability.

Future Aspirations: Joe reflects on the potential long-term effects of Toco and similar initiatives on global climate policy, expressing hope for a future where financial systems are aligned with environmental goals.

Recommended Reading & Resources

"Ministry for the Future" by Kim Stanley Robinson: A novel that explores the social and economic impacts of climate change, influencing Joe's thinking and many others in the climate tech space.

The Toco App

The Carbon Reserve: Learn more about the organization behind Toco and its mission to combat climate change through financial innovation.

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