EPISODE #38 – Putting a Price on Pollution with Mike Szabo
In this episode of The Innovators Behind Disruption, we sit down with Mike Szabo of Carbon Pulse to discuss the impact of climate change and the steps put in place to combat carbon emissions. While there is a social cost and the very obvious environmental cost, economists have decided to deal with this by putting a monetary cost on pollution. We discuss the two main approaches and more.
- 0:15 Opening remarks
- 1:50 Cap & trade VS. taxes
- 5:20 Compliance credits VS. voluntary credits
- 8:05 What are California Carbon Offsets
- 10:30 The process of a carbon credit
- 12:20 Addressing the concern of greenwashing
- 15:25 How the industry has evolved
- 19:20 Closing remarks
Mike Szabo – Director and Co-founder, Carbon Pulse
Mike worked as an environmental markets correspondent for Reuters and Point Carbon from 2007 to 2014 prior to his time at Carbon Pulse. He has covered global carbon markets and climate policy extensively, breaking several major stories along the way. He was also editor of Reuters’ European Power, Gas and Carbon Forum, as well as the Thomson Reuters Carbon Market Community.
Raj Lala, President & CEO of Evolve ETFs
Prior to founding Evolve ETFs, Mr. Lala served as Head of WisdomTree Canada – a division of WisdomTree Investments Inc., one of the world’s largest ETF issuers. Prior to this, Mr. Lala was Executive Vice President and Head of Retail Markets for Fiera Capital Corporation, a prominent Canadian investment management firm with over $100 billion in assets under management. Mr. Lala co-founded and served as President and CEO of Propel Capital Corporation (which was acquired by Fiera Capital Corporation in September 2014). Propel raised approximately $1 Billion in structured products in its five years of operation. Prior to Propel, Mr. Lala worked with Jovian Capital. Mr. Lala held several roles at Jovian including President of JovFunds Inc., an asset management division of Jovian Capital. Mr. Lala holds a Bachelor’s degree in Economics from the University of Toronto.