►
From YouTube: Regenerati News Hour May 4, 2023 Regen Registry Q&A
Description
Regen Registry Product Manager, Sam Bennets, joins Regenerati News Hour to give a credit class overview, talk on-chain governance, and answer community questions.
B
A
Awesome
well,
I
may
I
thought
I
would
just
before
we
jump
into
things,
give
a
couple
of
updates
that
are
running
around
in
my
world
again.
This
is
Dave
Fortson
I'm,
with
a
long
time
partner
of
regen,
Network
Community
we're
a
validator
as
Loa
labs
and
long
time,
comms
and
marketing
partner,
honor
to
always
be
associated
with
this
Fantastic
Team
since
2017..
So
anyhow,
I've
got
a
good
sense
of
what's
moving
across
I
I
want
to
actually
get
just
take
a
little
trip
back
briefly.
A
A
I
was
also
there.
You
know
with
a
several
hats,
on
with
lower
Labs
with
regen,
and
also
we
had
a
chance.
I
had
a
chance
to
have
a
discussion
and
speak
on
one
of
the
stages
on
behalf
of
bxc,
the
blockchain
times,
climate
leadership
Network,
where
we
had
a
squad.
Essentially
that
was
looking
at
the
use
case
of
companies
wanting
to
engage
or
upgrade
their
approach
to
ESG
utilizing
web
3.
A
An
exciting
discussion
with
a
lot
of
really
interesting
people
who
showed
up
both
in
the
web
2
and
web
3
space
and
I'd
say
just
more
broadly
that
you
know
consensus
was
you
know,
consensus
after
a
number
of
crypto
conferences,
probably
one
of
my
least
favorites,
for
what
happens
on
the
inside
of
the
convention
center.
It's
I,
you
know,
frankly,
a
little
bit
on
the
generic
side
and
certainly
in
a
bear.
A
A
So
that
was
something
I
was
hoping
to
share
and
just
as
a
big
takeaway
that
I
have
that
still,
despite
bear
market
conditions,
incredibly
bullish
on
web3
and
blockchain
for
ESG,
refi
and
Beyond.
So
quick
report
from
consensus
happy
to
answer
any
questions
if
you
have
them,
but
that
was
a
quick
takeaway.
A
A
How
do
they
work?
Why
are
they
important?
How
are
they
governed?
You
know
what
does
kind
of
picking
apart
understanding
the
full
stack
of
systems
and
structures
in
order
to
originate
carbon
asset
or
sorry,
natural
Capital
assets
or
ecological
credits,
and
bring
them
to
Market
in
a
way
that
you
know
ensures
as
much
transparency,
Integrity
and
yeah
just
quality
as
possible.
A
It
requires
a
bunch
of
pieces
that
people
I
think
don't
understand,
probably
as
clearly
as
they
should,
particularly
as
it
relates
to
how
regen
has
really
taken
a
holistic
approach
to
engaging
the
full
stack
credit
origination
system.
So
I'm
excited
to
dig
into
this
a
little
bit
more
Sam
I
was
wondering
if
you
just
wanted
to,
like
maybe
start
by
just
bringing
us.
You
know
you
know
giving
us
a
30,
000
foot
view:
where
does
what
do
credit
classes
fit?
You.
C
A
B
Yeah
and
maybe
before
I
answer,
I
just
wanted
to
make
a
comment
on
on
your
consensus.
Yes
share
around
around
esg's,
and
you
know,
I
I'm
really
excited
to
hear
that
there
is
a
conversation
around
how
to
upgrade
the
standards
for
claiming
svgs,
especially
at
more
regulatory
pressure
on
doing
that
and
I
I
see
to
be
in
the
audience.
I
know
that
she's
also
thought
a
little
bit
about
this,
but
a
nice
segue
into
thinking
about
you,
know,
governance
and
resetting
these
standards.
B
B
I
would
love
to
invite
that,
because
I
I'd
like
it
to
be
a
little
bit
less
me
talking
and
more
audience
members
engaging
and
asking
questions
and
digging
in
so
with
that
I'll
move
on
to
credit
classes
and
I
think
maybe
to
start
this
kind
of
framing
that
the
10
000
foot
level.
It
would
be
nice
to
just
briefly
describe
how
traditional
ecosystem
service
Registries
work
and
how
regen
is
a
little
bit
different
from
that.
B
So,
typically,
in
more
centralized
ecosystem
service,
Registries
I
would
largely
break
down
the
functions
that
they
do
into
three
separate
things.
One
is
that
they
help
develop
methodologies
and
standards.
The
second
is
that
they
act
as
an
enforcement
body
to
assure
that
projects
registered
under
those
methodologies
and
standards
are
adhering
to
kind
of
the
rules
that
were
outlined
in
those
documents
in
in
doing
so.
B
So,
whether
or
not
you're
running
a
avoided,
peatland
project
and
avoided
deforestation
project,
a
reforestation
project,
a
soil
carbon
project,
you
typically
are
following
some
sort
of
meta
standard,
as
well
as
a
practice-specific
methodology,
and
so
you
know
in
thinking
about
the
design
of
credit
classes.
One
thing
that
we
were
really
digging
into
early
on
is
you
know:
do
these
kind
of
like
Global
approaches,
make
sense?
B
B
Is
that
we're
kind
of
giving
organizations
the
chance
to
develop
methodologies
that
are
more
locally
specific
to
their
needs,
while
allowing
for
a
technical
system
that
can
host
many
different
credit
standards
in
different
parts
of
the
world
with
different?
You
know
types
of
uncertainty
and
rigor
all
on
the
the
same.
You
know
digital
Ledger
and
so
getting
into
kind
of
how
we
use
credit
classes.
B
So
the
first
one
is
people
using
credit
classes
to
develop
a
specific
methodology
for
a
Land
Management
practice
that
falls
within
our
native
regen
registry
program
guide,
and
so
typically,
you
know
that
that
could
be
biochar
production
in
Pacific
Northwest.
It
could
be
rotational
grazing
in
Argentina.
It
could
be
avoided.
Deforestation
in
you,
know,
Brazil,
and
so
all
of
these
organizations
are
developing
methodologies.
They're
working
with
us
in
in
our
program
guide
to
kind
of
develop
a
standard
that
that
fits
those
needs
for
their
specific
region.
B
You
know,
like
we've
seen
two
can
do
in
clima
do
but
then
also
you
know,
we
can
use
credit
classes
to
tokenize
credits
or
migrate
credits
from
other
blockchains.
So
you
know
in
building
this
bridge
with
toucan,
even
though
they
you
know
had
their
own
tokenization
process
from
Vera.
We
actually
built
another
credit
class,
so
they
can
migrate
their
credits
from
their
registry
to
our
registry
and
kind
of
this.
B
This
closed
container,
like
I,
was
saying
and-
and
you
know,
I
think
that
that
third
one
is
really
important
to
highlight,
especially
as
there
are
many
Registries
emerging
out
there.
You
know
we
have
Pro.
Earth
is
is
kind
of
becoming
the
the
big
fifth
or
big
fifth
registry,
alongside
Vera
and
gold
standard
American
carbon
registering
car,
but
then
there's
tons
of
smaller
ones,
all
over
the
the
world
that
are
doing
really
exciting
work
and
kind
of
have
their
own.
B
You
know
registry
structure
and
so
inviting
the
ability
to
kind
of
migrate
between
databases.
Expand
markets
is
really
important,
but
you
know
primarily
we're
focused
on
those
those
first
two.
So
how
can
we
support
communities
to
develop
bioregionally,
specific
or
practice
specific
credit
classes
that
fall
under
our
standard
or
a
standard
that
they
created.
A
So
Sam
on
the
on
the
credit
class
and
again
that's
the
fair
amount
to
unpack
there.
You
know
on
really
all
three
of
those
points
but
trying
to
figure
out
how
to
communicate
this.
So
are
the
credit
class
I
guess
maybe
Define
help
me.
Maybe
help
us
understand
how
to
define
who
originates
the
a
credit
class
like
what
is
the
to
help
us
get
to
where
regen
registry
and
and
and
somebody
like
you
shows
up
in
a
process.
So
can
you
take
us
through?
B
So
the
ability
to
create
new
credit
classes
on
chain
is
gated
by
token
governance.
So
you
have
to
create
a
proposal
to
the
the
community
and
say
you
know:
I
want
to
become
a
credit
class
creator
where
here's.
Why
I
want
to
do
it
here,
essentially
kind
of
my
credentials
and
how
I'm
going
to
use
this
in
good
practice?
B
So
far,
the
only
organization
that
has
applied
for
the
credit
class
Creator
address
permissions
is
regen
registry
and
so
right
now
for
all
the
organizations,
we're
working
with
these
organizations
for
all
three
possibilities
are
going
through
regen
registry.
You
know
at
the
region
registry
team
to
create
credit
classes
and
so
typically
what
those
kind
of
relationships
look
like
is,
you
know
we'll
connect
with
an
organization
and
maybe
all
use
quotient,
carbon
trust
as
an
example,
because
you
know
I
really
love
their
project.
B
Oh
I
also
see
Howard
in
the
audience,
and
so
you
know,
typically,
what
that
looks
like
is,
is
kind
of
we
start
to
understand
kind
of
like
what
what
their
project
is,
what
their
initiatives
is,
how
they
want
to
use
this
credit
class,
and
then
we
identify
you
know.
Are
there
methodologies
out
there
that
fit
your
needs?
Are
there
methodologies
that
don't
fit
your
needs?
Do
you
you
know
kind
of?
B
You
know
they
wanted
to
develop
a
crediting
program
for
the
production
of
biochar,
so
carbon
being
captured
in
you
know
the
the
pyrolysis.
So
when
biochar
is
created,
you're
capturing
carbon
and
then
you're
reapplying
it
on
soils
or
in
their
case
you
know
also
kind
of
the
the
forest,
the
forest
bed
and
mixing
it
in
with
the
the
Duff
and
the
litter
of
the
forest
to
kind
of
help
you
know
boost
the
soil,
health
and
in
in
closing
carbon
trust
example.
B
They
used
of
Vera
methodology
that
came
out
last
year
and
they
decided
that
they
wanted
to
use.
You
know
kind
of
our
program
guide,
which
outlines
some
kind
of
you
know
more
programmatic
rules
and
requirements
for
credit
issuance
management
of
buffer
pools,
project
registration
project
termination.
Things
like
that,
and
so
you
know
in
doing
that.
We
help
them
kind
of
identify
the
the
methodology
they
want
to
use.
They
developed
an
appendix
for
their
specific
region
and
then
they
went
through
and
developed.
B
You
know
this
credit
class
document
which
essentially
outlined
specifically
how
they
want
their
projects
to
be
run.
So
you
know
during
project
registration,
you
know
what
what
are
the
steps
involved
when
thinking
about
permanence
periods?
You
know
how
long
is
the
permanence
period?
How
are
buffer
pools
and
permanence
pools
going
to
be
reconciled
at
the
end
of
that
period,
you
know,
and
so
we
kind
of
went
through
this
process
of
developing.
You
know
this.
B
This
credit
class
document,
which
outlines
you
know
bioregionally
specific
and
practice
specific
rules
and
requirements
and
and
kind
of
were
at
the
final
stage
of
of
finalizing
that,
and
so
the
The
Next
Step
once
that's
approved,
is
you
know,
we'll
create
a
credit
class
on
chain,
and
then
you
know
you
know
I'll
probably
pause
here,
but
you
know,
after
that
we
can
get
into.
You
know
who
is
managing
that
credit
class?
Is
it
regen
registry?
Is
it
culture
and
carbon
trust?
Is
it
a
combination
of
the
two?
A
Yeah,
that's
helpful,
maybe
somewhat
of
a
related
question
I'm
trying
again
in
my
mind,
painting
at
this
visual
map
of
when
you
know
the
and
I
mean
the
word
I'm
kind
of
searching
for
or
I'm
drawn
to
is
fungibility
like
the
fungibility
of
a
credit
class
or
the
fungibility
of
a
methodology.
You
know,
and
it
feels
like
there's
like
a
little
bit
of
a
Russian
doll,
nesting
of
like
all
of
these
terms
and
or
the
and
what
they
represent,
but
maybe
sticking
to
the
credit
class
side.
A
What's
the
incentive
to
bring
to
adopt
credit
classes
that
may
have
been
produced
by
other
registries
and
when
does
it
make
sense
to
originate
a
new
credit
class?
You
know
that
maybe
has
very
specific
characteristics
around
like
a
bioregion
or
a
very
specific
product.
That
may
not
exist
like
what.
How
do
you
like
weigh
or
engage
in
thinking
about
how
to
approach
that
that
issue,
like
strategically,
where
you
know
I'm
sure,
there's
other
bio?
A
My
assumption
is-
and
you
can
maybe
push
back
on
this-
that
there
are
other
biochar
credit
class
credit
classes
that
have
been
created
in
some
other
registry,
but
there's
something
obviously
unique-
maybe
Place
based
or
a
methodology
based
around
this
particular
around
culture,
and
that
has
that
essentially
inspired
or
instigated
Regen
to
con
to
develop
a
unique
credit
class
around
this.
Can
you
just
like
speak
to
that
concept,
so
people
I
think
can
wrap
their
heads
around
that
a
little
bit
more
yeah.
B
This
idea
of
you
know
storing
it
on
a
data
structure.
That
is,
you
know,
not
fully
mutable,
but
but
pretty
darn
close
to
it.
You
know
and
being
able
to
essentially
create
a
digital
audit.
Trail
of
you
know
the
the
claims
that
were
made.
So
you
know
who
made
the
decisions.
How
are
those
decisions
made?
What
was
the
day
data
used?
How
are
the
methodologies
and
standards
being
evolved?
How
are
the
crowds
being
issued?
Who
owns
them
so
on
and
so
forth?.
A
And
so
Sam,
just
just
so
I
understand
just
interject.
Are
you
implying
that
part
of
the
uniqueness
of
this
particular
credit
class
is
tied
to
the
technology
stack
which
may
make
it
requires
some
level
of
customization
to
regen
registry?
In
this
case
versus
a
more
generic
you
know
biochar,
but
but
some
other
credit
or.
B
B
You
know
Ryan
Christopherson
and
The
Ledger
team
for
all
the
work
that
they've
done
there,
because
you
know
in
creating
these
credit
classes.
There
really
is
the
ability
to
customize
the
data
structures
and
the
amount
of
information
you're
storing
in
a
you
know
publicly
in
digital
and
transparent
way,
and
so
you
know
I
think
that
that's
a
very
important
theme.
B
You
know
I
I'm,
not
by
any
means
you
know
kind
of
like
bashing
on
on
Legacy
Registries,
because
I
think
that
they've
done
really
amazing
work.
But
in
those
models
you
know,
as
a
user
of
those
standards
and
of
the
registry,
you
don't
really
have
as
much
opportunity
to
weigh
in
on
updating
the
standards.
B
How
the
standards
created
and
I
think
that
you
know
culture
has
really
been
thinking
about
that
in
creating
you
know
a
regionally
specific
credit
class
with
the
intention
of
you
know
bringing
community
members
in
to
help
manage
that,
so
not
just
managing
the
standards
and
the
production
of
biochar,
but
also
you
know,
selling
credits
in
farmers,
markets
or
setting
up
some
sort
of
trust
and
and
I
see
that
Howard.
You
know
just
hopped
on
the
stage.
B
D
So
it
it
really
is
to
give
the
right
I.
Don't
call
Tone
but
to
be
able
to
go
to
market
with
something
other
than
the
the
carbon.
The
voluntary
carbon
markets
for
offsets
that
have
received
some
some
negative
negative
attention,
and-
and
that's
that's
why
the
credit
class
is
important
to
us-
is
to
go
to
market
locally,
with
the
credibility
of
a
a
platform,
that'll
certify
and
verify
that
this
has
been
done
according
to
to
standards.
B
D
B
Nice
I
really
like
that.
You
know
kind
of
kind
of
Framing,
and
you
know
one
of
one
of
the
the
personal
projects,
or
at
least
ideas
at
this
stage
that
I've
really
been
interested
in
is
engaging
people
in
in
kind
of
local
farmers
markets,
especially
one
of
your
Bozeman,
which
is
really
small,
and
the
community
is
very
unique
and
learning
more
about.
You
know
regenerative
agriculture
and
climate
initiatives
and.
B
How
can
we
create
learning
programs,
people
to
get
vouchers
to
participate
in
learning
about
regenerative
agriculture,
or
you
know,
going
and
visiting
a
farm
and
helping
out
there,
and
so
I
personally
really
appreciate
just
kind
of
hearing
about
your
your
model
to
engage
local
communities
because
I
think
it's.
You
know
it's
it's
almost
easier
to
engage
these
these.
You
know
your
community
in
a
project
that
you're
running
right
next
to
it,
because
they
have
a
lot
more
kind
of
sense.
D
A
Thank
you,
Howard
for
jumping
up
and
sharing
more
about
that.
I
actually
wanted
to
start
picking
apart
and
just
in
this
latter
15-20
minutes
or
so
Sam.
It
feels
like
one
of
probably
the
under,
appreciated
and
maybe
least
understood
aspects
of
regen's
approach
to
credit
class
development
and
really
to
the
full
ecological
asset.
A
Could
you
kind
of
speak
to
again,
maybe
more
help
under
help
us
understand
why
this
may
or
may
not
or
what
the
issues
are
in
the
current
kind
of
Legacy
markets
or
Legacy
Registries
that
when
regen
originated
their
own
idea
of
how
to
approach
this
in
a
different
way?
How
governance
was
one
of
the
key
factors
and
and
why
and
then
maybe
we
can
start
to
unpack.
B
Yeah,
you
know
the
the
kind
of
first
thing
that
comes
to
mind
when
I'm
you
know.
Thinking
about
this
is
a
conversation
I
had
with
with
Gregory
landwa
the
founder
of
regen
around.
You
know
kind
of
the
way
that
historical,
you
know
or
the
the
current
you
know,
Registries
for
voluntary
carbon
markets
have
been.
You
know,
set
up
where
you
know
20
years
ago
it
was
really.
B
There
was
a
lot
of
emphasis
on
the
demand
side
of
things.
So
so,
essentially
you
know
ensuring
that
in
creating
you
know,
rigorous
and
scientifically
sound
carving
credits
that
they're
meeting
the
needs
of
the
buyers
and
assuring
that
essentially
that
they're
having
a
safe
investment
as
they're,
offsetting
their
credits
and
and
I
think
that
that's
definitely
really
important,
but
I
think
one
thing
that
happened
as
a
result
of
that
is.
You
know
the
the
supply
side,
the
people
on
the
ground.
B
We're
definitely
brought
into
those
those
conversations,
but
there
is
more
emphasis
on
you
know.
How
do
we
create
systems
that
meet?
You
know
kind
of
corporate
needs
for
their
emission
reductions
through
offsetting,
and
you
know
in
thinking
about
the
the
you
know
re
the
foundation
of
the
region
network.
Is
we
really
want
to?
You
know
place
the
decision-making
power
in
the
hands
of
you
know
the
the
scientists,
the
land
stewards,
the
farmers.
B
You
know
the
buyers
I
think
that
everyone
really
needs
to
have
a
voice
in
these
kind
of
these
crediting
programs,
but
historically
there
hasn't
been
as
much
opportunity
for
people
on
the
ground
to
weigh
in
or
for
scientists
to
weigh
in
and
especially
because
these
Registries
have
become
so
massive.
You
know
that
they're
massively
overloaded
right
now
Vera
has
a
major
backlog.
It's
really
hard
to
engage
and
even
get
you
know,
kind
of
a
project
registered,
let
alone
updating
a
standard,
and
so
you
know
when
we
were
thinking
about
governance.
B
We
were
really
thinking
about.
How
can
we
ensure
that
the
people
most
affected
by
the
problems
and
that
are
going
to
be
implementing
Land
Management
practices
are
having
a
voice
and
do
have
the
ability
to
weigh
in
on
how
standards
are
created,
how
credits
are
sold?
Things
like
that
I
see
Sophia,
just
hopped
on
you,
wanna
speak.
A
C
C
A
Well,
Sam
and
Sophia,
for
both
of
you
can
you
can
you
practically
speak
to
and
let's
let's
you
know,
with
the
understanding
that
the
let's
say,
calibrated
approach
to
governance
with
this
new
framework
that
regen
is
bringing
forward
is
I,
think
in
development
as
I
understand
it.
It's
not
fully
polished
and,
and
frankly,
it
sounds
like
it
could
be
unique
to
each
credit
class,
but
where
how
and
where
does
actually
governance
show
up
I
mean?
Is
this
like
a
you
know?
Who
decides
what
the
governance
look
like?
A
Is
it
is
it
you
know,
could
it
be
the
farmers
or
or
is
the
project?
Is
it
a
mix
of
project
developers
and
farmers
who
convenes
the
group?
Where
do
they
show
up
and
when,
when
do
they
assert
their
influence
or,
to
some
degree
sovereignty
over
that
credit
class
and
and
how
does
that
end
up
impacting
or
affecting
the
the
the
credits
that
are
being
produced?
A
C
A
B
So
you
know
I
I
do
just
want
to
say
that
you
know
we
talk
a
lot
about
governance,
but
we're
just
really
getting
to
the
point
where
we're
thinking
about
integrating
governance
into,
at
least
from
an
Unchained
perspective,
into
kind
of
our
design
line
process.
You
know
historically,
in
you
know,
developing
these
methodologies
and
approving
these
credit
classes.
B
B
How
do
we
decide
who
should
be
involved?
You
know
and
starting
to
track
some
of
this
on
chain
and
I.
Think
for
me,
what
I
would
like
to
see
happen
even
in
the
short
term,
is
for
the
region.
Registry
team,
just
to
you
know,
have
a
credit
class
Creator
address
in
a
methodology.
Approval
address
just
tracks
our
internal
decision
making
on
whether
or
not
it
meets
our
standards,
and
we
pass
it
on
to
expert
review
because
they
think
that
the
the
first
step
here
is
just
tracking.
B
C
Yeah
I
could
just
add
to
that
really
briefly
and
I.
Think
one
thing
that
really
stood
out
to
me
in
you
know
having
some
of
these
conversations
when
I
was
still
at
Region
and
then
now
working
more
on
the
ground
with
land
stewards
is
the
localization
of
a
lot
of
this
work,
because
the
rigidity
of
some
of
these
previous
methods
or
approaches
or
credits
was
so
wide
reaching
and
I.
C
C
A
Let's
assume
you
know
two
years
from
now
or
10
years
from
now.
There
are
thousands
right
because
we're
decentralizing
the
goal
is
to
decentralize
the
origination
of
of
ecological
credits,
to
quickly
advance
and
better
environmental
behaviors
or
ecological
behaviors,
as
it
relates
to
humans
and
how
they
Steward
land.
So
in
order
to
do
that,
they
need
to
you
know:
we
need
information
that
can
be
quickly
replicated
consumed
and
standardized.
What?
What
does
that
look
like?
A
For
you
know,
within
regen
registry
and
within
credit
class
development
or
governance,
I'm
curious
just
to
get
any
like
kind
of
theoretical.
Like
you
know
how
much
of
this
is
transferable
to
somebody
else
who
may
not
pick
up
everything
that
you
did
with
biochar
this
class
or
what
governance
look
like
for
a
particular
class?
Is
it
transferable?
Is
it
modular
or
or
is
it?
You
know
something
to
be
spun
up
and
originated
every
time.
B
Yeah
I
think
that
you
know
in
this.
Is
it's
a
it's
an
interesting
question
because
you
know
Sophia
oops,
if
you
just
left,
but
Sophie
and
I
kind
of
like
actually
really,
you
know
battled
with
this
question
early
on
as
well.
As
you
know,
Giselle
I
see
giselle's
out
there.
You
know
we're
where
originally
we
were
thinking.
B
Oh,
you
know
we'll
create
Global
standards,
like
all
the
other
registries,
do
and
kind
of
really
very
quickly
realize
that,
like
making
a
standard
that
works
in
the
Pacific
Northwest
and
in
South
America
and
all
these
other
places
is
relatively
difficult,
and
so
what
we've
been
encouraging
is
for
people
to
really
do
kind
of
their
upfront.
Research
of
you
know.
Is
there
something
out
there
that
fits
your
needs?
If
so,
you
should
use
it
and
if
not
develop
your
own
and
I
think
you
know.
B
B
But
I
think
you
know
in
the
in
the
shorter
term:
it's
it's
totally
okay
and
it's
great.
If
people
want
to
spin
up
their
own
because
oftentimes
you
can
do
it
a
lot
quicker,
it's
easier
to
develop
a
methodology
and
credit
class
and
crediting
program
for
a
specific
set
of
pilot
projects
in
your
area
as
opposed
to
thinking
about
okay.
B
A
C
E
And
I
it's
not
about
winning
and
losing,
but
I
really
think
regen
is
not
getting
the
credit
it
deserves
in
terms
of
the
refi
space
and
even
the
greater
you
know.
Corporate
registry
and
climate
space,
so
I
just
I,
just
want
to
really
harp
on
that
that
I
still
believe
in
in
what
region
is
building
and
I.
E
Think
time
will
tell
on
that
specifically
related
to
some
of
the
tweets
I
sent
out
this
morning
yesterday,
pollination
and
the
task
force
for
nature
markets
released
their
report,
titled
biodiversity,
credit
markets
and
the
the
role
of
law,
regulation
and
policy,
and
so
like
I
love.
Obviously,
the
regen
approach
of
like
yeah
I
go
back
to
biodiversity
or
diversity
of
like
methodologies
and
credit
classes
and
creators
and
local
first
approach,
but
but
I
also
think
we
really
need
to
take
a
like
a
fungibility
type
approach
of
like
hey.
Will
corporates
accept
it?
E
Well,
you
know:
will
governments
accept
it
so
like?
How
can
the
credit
classes
be
more
fungible?
And
so
you
know
along
those
lines.
I
really
think
we
need
to
open
up
some
discussions
around
tried
and
true,
you
know,
or
emerging
natural
Capital,
accounting
Frameworks,
like
what
the
task
force
for
nature
related,
Financial
disclosures
is,
is
doing.
E
You
know
the
White
House
is
using
Sia
and
so
is
tnfd
on
on
the
sea
approach.
So
I
really
think
we
need
to
kind
of
like
use
what
the
the
corporates
and
policy
and
wef
and,
like
you
know,
and
and
so
I
guess,
I
wanted
to
just
ask
like
who's
doing
that
I
mean
Basin.
You
know
we're
pretty
far
along
in
doing
that,
but
so
one
natural
Capital,
accounting,
Frameworks,
two
land
use
covers.
You
know
what
what
I
think
there's
some
fungibility
approaches.
E
We
can
apply
across
the
globe
in
terms
of
that
it
doesn't
all
have
to
be
necessarily
bio
region
or
Eco
region.
It
can
actually
be
biome
or
land
cover
and
then
thirdly,
just
ecosystem
service
values.
You
know
Ned's
work
on,
you
know
just
the
regen
work
in
general
and
the
stewardship
or
practice
based
approach.
You
know
a
year
ago
really
opened
up
a
lot
of
thinking
for
us
at
Basin
and
it's
it's
going
to
be
incorporated
in
our
methodology.
So
just
those
three
things.
B
B
Adopting
these
standards
being
aware,
incorporating
them
in
is
is
pretty
crucial
and
yeah
I'm
curious.
You
know,
have
in
in
your
work.
Timo.
Have
you
thought
about
designing
Basin
with
with
this
kind
of
stuff
in
mind,
or
you
like?
How
are
you
striking
the
balance
between
emerging
International
standards
and
Frameworks,
and
you
know
kind
of
Market
thinking
with
the
more
like
localization
approach
that
you're
taking.
E
So
if
we
look
at
the
you
know
the
race
we're
up
against
with
2030
or
this
imaginary
deadline
of
2050,
it's
kind
of
like
what's
going
to
work
now
and
what
can
people
adopt
and
trust
and
I
think
we've
we've
run
into
some
of
that
in
the
carbon
markets
with
where
you
know,
corporates
only
want
Vera
or
only
want
ACR,
or
you
know
even
Puro
right,
I
think
they're
starting
to
adopt
it,
but
they
it's
not
Vera.
So
it's,
it's
kind
of
the
same
thing
I
feel
like
here
with
biodiversity
and
ecological
assets.
E
It's
like
what
will
the
buyers
that
demand
side
accept
and
so
to
me
it's
kind
of
like
looking
at
the
the
approach
we're
taking
at
Basin
is
the
the
banks,
the
insurance
companies,
the
governments,
the
corporations
like
what
are
they
going
to
accept?
What
do
they
want
and
what
can
they?
You
know
what
can
be
justified,
but
what
also
is
economically
expedient,
where
we
can
do
it
quicker
and
faster.
E
B
B
And
is
it
have
you,
you
know
I,
guess
in
and
feel
free
not
to
answer
this
if
it's
a
little
bit
more
sensitive
but
I,
my
question
is
kind
of
like
what
are
you
finding
is
it?
Are
you
finding
that
kind
of
one
approach
makes
more
sense?
Are
there
certain
ways
of
of
framing
these
things
or
talking
about
them?
With
you
know,
kind
of
of
things
and
in
the
investor
side
of
you
know
the
the
kind
of
credit
pipeline
that
have
been
more
successful
than
others.
E
You
know
like
a
like
a
pollination
credit
or
an
erosion,
credit
or
water
quality
credit,
but
we're
taking
a
you
know
this
holistic
bundling
approach
of
like
more
focus
on
like
existence,
value
of
like
what
actually
exists
in
an
ecosystem
or
in
a
land
cover
and
then
starting
to
give
credit,
like
our
you
know,
when
we're
talking
about
our
credit
class
that
we're
designing
that
I
hope
to
submit
here
to
you
guys
here
in
a
few,
maybe
a
few
weeks,
it's
like
what's
already
existing
and
what?
How
does
that
compare
to
a
pristine?
E
You
know
like
Wetland
or
pristine
Mangrove
setting
or
you
know,
Estuary
Wetlands.
You
know
it's
like
what
what's
actually
existing
and
starting
to
give
people
credit
for
that,
and
then
Improvement
like
yes,
that's
the
Baseline
and
then
you
know
improvement
over
time
is.
Is
the
outcome
based
approach?
You
know
so
we're
we're
taking
a
three-prong
approach
is
one.
E
Is
real
estate
two
is
existing
and
three
is
outcome,
so
I
think
people
could
build
on
what
we're
trying
to
you
know
what
we're
trying
to
just
give
people
credit
for
or
like
kind
of
create
a
market
for.
Well
hey
this.
This
Wetlands
does
actually
provide
fifteen
thousand
dollars
of
value
per
acre
per
year
to
society
and
who's
willing
to
pay.
You
know
stewardship
this.
You
know
this
goes
back
to
that
stewardship
approach.
So
we
we
could
I'm.
You
know
I'm,
happy
I'm,
you
know
open
all
the
time
to
talk
about
it.
I
know
we're.
E
Us
it's
it's
really
coming
down
to
per
hectare
or
per
acre
per
year,
and
we
have
you
know
basically
4
000
studies.
You
know
several
different
databases.
You
know
that
we're
using
to
quantify
those
numbers,
those
those
stacked.
You
know
stack
units
into
a
bundle
based
value
of
it
goes
back
to
that
question
of
what's
a
unit
of
biodiversity,
what's
a
unit
of
pollination
and
so
so
for
us,
it's
it's
become
spatial
and
temporal
of
like
here's.
You
know
here's
land
cover
and
here's
a
unit
of
time
and
here's
a
dollar
value.
B
A
Yeah,
thank
you
Timo.
Thank
you.
Howard
really
appreciate
it
and
Sam
your
Fountain
of
Knowledge
and
I
really
appreciate
you
unveiling
the
hard
work
of
the
entire
R
D
team,
who
are
I,
think
you
know
to
teemo's
point
often
working
on
things
that
people
I
think
but
I,
don't
know
if
you
under
appreciate,
but
maybe
it's
just
a
matter
of
like
being
able
to
really
understand
and
distill
this
bigger
Vision
that
regen
is,
is
helping
execute
and
its
community.
A
A
Just
a
reminder:
we
have
our
community
call
every
other
week
so
next
week,
Community
call
it's
far
more
driven
by
Community
dialogue
and
some
Insider
updates
of
that.
The
only
Insider,
if
you're
not
wanting
to
come,
but
otherwise
they're
open
to
really
the
entire
regen
Community
come
drop
in
and
have
a
zoom
based
conversation
about
what's
happening
on
the
ground
within
the
regen
Network
development
team
and
Beyond.
So
either
way
thanks
again,
everybody
have
a
great
week,
get
outside
touch
grass
touch
tree
touch
flower
and
enjoy
each
other.