Paul Gambill
Co-founder & CEO at Nori
Our revenue comes from the 15% that we charge above the price. That aligns incentives for both Nori and the suppliers. We want to see the per tonne carbon price increase, because we make more money on a percentage-basis when that happens. If we and the farmers want that, then, our incentives must align to produce that result.
This is unlike brokers or others who’re engaging in carbon offset crediting and how they work. They try to buy carbon from the supply side at the lowest cost possible and then sell it to the demand side at the highest cost possible. The margin between is their take.
We don't work that way. We want the suppliers to get paid as much as possible.
Nori is building a blockchain-based carbon market.