Sustainable Industries | Columnists | Can the Bay Area become a Carbon [Fraud] Valley?

The Carbon Collaborative is a true case of “thinking globally and acting locally.” San Francisco is well-positioned to host carbon market players throughout the entire chain of carbon credits—from creating credits to facilitating the trade of credits within California, the United States and the rest of the world. Many, including Bill Joy, partner at Kleiner Perkins Caufield & Byers and former chief scientist of Sun Microsystems (Nasdaq: JAVA), are advocating that the skills of Silicon Valley be put at the disposal of Carbon Valley. Additionally, local businessman Barry Hoffner of HFS wants to create a San Francisco Carbon Exchange.

More than 60 companies attended the first San Francisco Carbon Collaborative meeting. Among those in attendance: global carbon credit auditor DNV; global carbon brokers CantorCO2e and Evolution Markets; global carbon project developers EcoSecurities and First Climate; California green building companies; attorneys; U.S and California policymakers; carbon registries; software providers; U.S. carbon and cleantech investors; technology companies; and the media.
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The work of the Carbon Collaborative will continue developing policy and implementation strategies over the coming years. The consequence of good policy will be all the myriad of activities people want to see, including a diverse range of companies prospering in a Carbon Valley hub of entrepreneurs, investors, policymakers—including Steven Chu, Secretary of Energy, Linda Adams, Secretary of Environmental Protection, Gov. Arnold Schwarzenegger and more—educationalist and technology companies, which together would support a Carbon Valley Carbon Exchange.