What is the importance of partnerships in the carbon offsetting market for Patch, given its collaboration with other players like Persefoni?

This is going to be a multi-trillion dollar transformation of the world's economy, so there’s plenty of pie to go around. One of our core cultural values at Patch is actually the idea that we’re all in this together. Partnerships are a very key component of that, because climate change is going to affect everyone—not all equally, but it's going to affect all eight billion plus of us. Partnerships are absolutely critical, not just because of the ethical structural elements, but also because we don't have that much time to get this right. If you're duplicating effort across multiple different areas of responsibility, you're typically going to end up with a lot of subpar outcomes versus when you have people laser-focused on a particular problem.

There’s also the idea that you shouldn’t be monetizing something like e.g. carbon credits if you're doing carbon accounting. We don't do carbon accounting. That's not the role we play. That’s why those relationships and partnerships with carbon accounting providers and carbon credit infrastructure players like us are so essential. We don't want to be determining what percent is reduced and what percent is offset. We’re building the best way to offset and procure carbon removal, and we're going to let someone else determine what amount that ought to be.