ReGen backs Pachama to scale nature-based carbon markets globally
I love your newsletter Parker and Pachama seems like a smart investment for the fund. However, I have a question about the size of the voluntary market. You say it will be $100 in size by 2030, but I think you mean that is someone's (your's? BCG's?) forecast. Please explain more about how you think that will develop. One way would be if the voluntary market becomes a mandatory one via regs. I think that would be great, but it doesn't seem like we can count on that. If so, we have to presume that something else compels corporations to spend a lot more on offsets than they spend today. I'm strongly in favor of such an outcome of course but not sure about how likely it is. How do you think it will happen absent regs?