Stan Alcorn

I think they care because they're here and they're willing to listen. Over the course of the last few years, Mauricio has gone from a biology student to a sort of evangelist for this new kind of financial instrument. One that he hopes might turn his family cattle ranch into a permanent refuge for threatened species like the spectacled bear.

I think they care because they're here and they're willing to listen. Over the course of the last few years, Mauricio has gone from a biology student to a sort of evangelist for this new kind of financial instrument. One that he hopes might turn his family cattle ranch into a permanent refuge for threatened species like the spectacled bear.

And there are, of course, several biodiversity credit products touting themselves as compatible with the blockchain. Including Mauricio's, in fact. Now, it isn't totally clear whether all of this is just a circus of hot air or maybe the start of a new gold rush. But Mauricio is hoping that all this marketing hype could mean more people will be willing to buy what he is selling.

And there are, of course, several biodiversity credit products touting themselves as compatible with the blockchain. Including Mauricio's, in fact. Now, it isn't totally clear whether all of this is just a circus of hot air or maybe the start of a new gold rush. But Mauricio is hoping that all this marketing hype could mean more people will be willing to buy what he is selling.

And there are, of course, several biodiversity credit products touting themselves as compatible with the blockchain. Including Mauricio's, in fact. Now, it isn't totally clear whether all of this is just a circus of hot air or maybe the start of a new gold rush. But Mauricio is hoping that all this marketing hype could mean more people will be willing to buy what he is selling.

I have no idea. Mauricio later tells us that Terrasos' goal is to sell 10,000 biodiversity credits by the end of the year. There will eventually be more than 300,000 credits.

I have no idea. Mauricio later tells us that Terrasos' goal is to sell 10,000 biodiversity credits by the end of the year. There will eventually be more than 300,000 credits.

I have no idea. Mauricio later tells us that Terrasos' goal is to sell 10,000 biodiversity credits by the end of the year. There will eventually be more than 300,000 credits.

ISA is willing to take the risk on this new untested product. But as the conference goes on, it seems like they may actually be the exception.

ISA is willing to take the risk on this new untested product. But as the conference goes on, it seems like they may actually be the exception.

ISA is willing to take the risk on this new untested product. But as the conference goes on, it seems like they may actually be the exception.

We think they're a distraction. Mark thinks these credits are a distraction. He's worried that governments might use biodiversity credits as an excuse to not cough up the money they've already promised, to pawn off the biodiversity problem on the private sector. He's also skeptical that these credits will actually be able to deliver on what they promise.

We think they're a distraction. Mark thinks these credits are a distraction. He's worried that governments might use biodiversity credits as an excuse to not cough up the money they've already promised, to pawn off the biodiversity problem on the private sector. He's also skeptical that these credits will actually be able to deliver on what they promise.

We think they're a distraction. Mark thinks these credits are a distraction. He's worried that governments might use biodiversity credits as an excuse to not cough up the money they've already promised, to pawn off the biodiversity problem on the private sector. He's also skeptical that these credits will actually be able to deliver on what they promise.

But then in the last couple of years, there's just been a steady drumbeat of damning research and journalism. Reports that consistently show the majority of those carbon credits didn't actually live up to those claims. And a lot of them didn't actually end up reducing carbon emissions at all. The voluntary carbon market has tanked as a result. It's a fraction of what it used to be.

But then in the last couple of years, there's just been a steady drumbeat of damning research and journalism. Reports that consistently show the majority of those carbon credits didn't actually live up to those claims. And a lot of them didn't actually end up reducing carbon emissions at all. The voluntary carbon market has tanked as a result. It's a fraction of what it used to be.

But then in the last couple of years, there's just been a steady drumbeat of damning research and journalism. Reports that consistently show the majority of those carbon credits didn't actually live up to those claims. And a lot of them didn't actually end up reducing carbon emissions at all. The voluntary carbon market has tanked as a result. It's a fraction of what it used to be.

And sure enough, a week or so into the COP conference, Mauricio seems to be learning firsthand some hard lessons about that lack of demand. He's talked to 30 or 40 companies, but there haven't been any big corporate windfalls yet. Terrazos was trying to sell 10,000 credits by the end of the year, and they had sold about 6,000 before the conference.

And sure enough, a week or so into the COP conference, Mauricio seems to be learning firsthand some hard lessons about that lack of demand. He's talked to 30 or 40 companies, but there haven't been any big corporate windfalls yet. Terrazos was trying to sell 10,000 credits by the end of the year, and they had sold about 6,000 before the conference.

And sure enough, a week or so into the COP conference, Mauricio seems to be learning firsthand some hard lessons about that lack of demand. He's talked to 30 or 40 companies, but there haven't been any big corporate windfalls yet. Terrazos was trying to sell 10,000 credits by the end of the year, and they had sold about 6,000 before the conference.