The Influential: Daring to Challenge the Status Quo: How Laconic Is Revolutionizing Carbon Trading

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Ebbing climate change and improving the state of the environment are major concerns throughout the world. The planet contains a finite amount of natural resources, and some fear the failure to actively protect and preserve these assets could result in negative and potentially catastrophic consequences for humanity in general. Issues like the release of carbon dioxide and other greenhouse gases are major environmental issues of such concern that it has entered the global economic arena through carbon trading. Some believe that this undertaking is flawed. Laconic attempts to address certain notable systemic shortfalls.

Moving the Market

Carbon trading enables entities to trade carbon credits in an effort to limit the number of greenhouse gases ultimately emitted into the atmosphere. Laconic Founder and Chief Executive Officer Andrew Gilmour thinks employing carbon trading to bring forth global decarbonization is a good idea in theory. However, he also believes that the carbon trading market has been more talk than action in all the years it has existed. He added that, as recently as 2020, the market’s total volume equaled roughly $2 billion. However, about $1 trillion of carbon origination a year is capable of being traded. Laconic was developed to address this inequity.

“That’s the challenge I founded Laconic to solve,” Gilmour said. “How to enable a trillion dollars a year of carbon issuance via a voluntary, free-market approach.”

Daring to Speak the Truth

Gilmour said Laconic stands out because the corporate entity demonstrates little fear in acknowledging that the industry has flaws and needs repair and has taken steps to make the necessary changes.

“We have fundamentally altered the way our entire industry functions,” Gilmour said. “And along the way, we have created new tools for financing developing economies, unlocked more than two gigatons of carbon stock, and enabled, via our technology stack, humanity to achieve NetZero 2050.”

Gilmour said these accomplishments were achieved because the Laconic team possessed the vision and bravery to think differently and take the industry to a new level.

Risk Equals Reward and Notoriety

Laconic risked a great deal by highlighting a major industry shortcoming and displaying the gumption to remediate the problem. These efforts recently manifested in a major agreement between the company and the nation of Bolivia. The two parties shook hands on a $5 billion securitized carbon credit arrangement to help the South American country attain its goal of zero deforestation by the year 2030. This is the largest carbon-related transaction in history.

Only the Beginning

Gilmour believes this deal is merely the start of Laconic’s influence over the carbon trading market.

“In a few years, Laconic will be the backbone of a new, multi-million dollar market in sovereign carbon-linked financial investments,” he said.

Gilmour is also confident that trading these assets will provide enough funding to help the world achieve a NetZero 2050 (a state in which greenhouse gases are removed from the atmosphere and the eventual cessation of global warming).

“Laconic will have done what legions of diplomats have failed to do over the last 30 years,” Gilmour concludes. “And we will have done it with technology, creativity, and an absolute commitment to free and open markets, no coercion, and humanity will be better off for it.”