Santa Cruz Special Event 
Santa Cruz, California, USA — 7 pm, November 2nd, 2022

Funding for the Future: 
New Ways to Value Life on our Planet

On the 2^nd of November, Christine Barrington will host a public talk with Delton Chen (Director & Founder, GCR Project) and Della Duncan (Renegade Economist). The topics of the talk will be economic sustainability, the climate crisis, and how a parallel economy based on a carbon currency might resolve the climate crisis in a way that is both effective and regenerative.  We hope to see you there if you live in the area. In-depth interviews with experts will be broadcast on KSQD Community Radio prior to the event. 

 VERGE22
San Jose, California, USA — 25-27 October 2022

VERGE is one of the most prominent conferences for mobilizing businesses to "save the planet". More than 200 sessions will take place where political, business and other leaders will discuss how to leverage the power of technology to address climate change. On the 26th October, Dr. Delton Chen and Kim Stanley Robinson — author of "The Ministry for The Future" — will speak at a Keynote. Our team will present in a 1-hour breakout session. 

 SOCAP22
San Francisco, California, USA — 17-20 October 2022

SOCAP convenes the largest and most diverse impact investing community with the aim of accelerating progress against the world’s toughest challenges using market-based solutions. Dr Delton Chen will be speaking on the 18th in the morning session. See the SOCAP22 website for details. 

Interview with Peter Clifford
by Desiree Pettersson

Previously: Risk Council at the Federal Reserve

Peter is the newest member of the GCR Board of Advisors. During his career Peter has worked as the Chief Operating Officer at the World Federation of Exchanges, at the World Bank Group, and at the U.S. Central Bank as the Head of the Policy Development Group. Peter was appointed to the Risk Council at the Federal Reserve Board. He is currently working as the director of Central Bank Digital Currency and Payments. Peter is a firm believer of that markets can and should be the leader of positive change. 

The Global Carbon Reward (GCR) policy appeals to Peter since it incentivizes change at both the industry- and government-level. However, GCR is not anti-business, nor does it have a political agenda. Instead, it focuses on the change that must made and recognizes that to be successful at a micro and macro level it has to get everyone onboard. Nevertheless, there is no doubt that policy-making is difficult and that it requires compromise. He argues that the more interests you can bring together in a policy, the more it respects different points of view, ultimately increasing the prospects of it doing more good than harm and being successful in achieving the intended outcome. Peter believes that a coalition of institutional investors, academics, fintech innovators and business leaders are necessary to gain momentum and take the policy to the next level.  

Peter´s main motivation for working with climate change is his conviction that markets have the power to incentive people and motivate institutions in ways that are beneficial to society as a whole while making financial sense. He believes that individuals, corporations, and the market must organize themselves to come through with the investment necessary. The alternative is that we will pay at a later point in time characterized by human misery, financial instability and political chaos in addition to the cost. 

Peter believes that the Inflation Reduction Act is a positive step and is energizing green business leaders in the US as well as providing more clarity for companies to plan their operations. However, there is still a prominent need for a mechanism to reflect the actual price of carbon and acknowledge the negative externalities with unregulated carbon emissions that have been neglected for so long. 
 

Yale University — "Pricing Nature" Podcast