 All right, so All right, I'm gonna talk today about the path to climate victory because You know we live in a world right now where people hear about climate every day. There's this growing movement called climate doomers people who accept that The best we're gonna do is lose pretty badly, you know We're we talk about goals like 1.5 degrees C and 2 degrees C well 2 degrees C kills every coral reef on earth and It's just not that fun to think about to be honest, so Yeah, I'm gonna talk today about how do we flip that narrative and how do we find a path to where we have a world that we want to live in so whom I am the CEO and founder of running tide running tide is a Ocean-based carbon removal company really focused on measuring and understanding ocean health and what things we can do to intervene in the ocean to protect the ocean against the worst ravages of You know the poly crisis so biodiversity and carbon removal Also a founding signatory of something called the recuVic protocol, which I'll explain what that is today But that's a foundational protocol to help the world generate Generate credits for positive action in nature so if anybody hasn't seen this these are the Planetary boundaries outlined by the Stockholm Institute and what you're looking at right now is Us losing badly So you can see as we're progressing through time we're exceeding planetary boundaries not just carbon But you know ocean acidification biogeochemical flows of phosphorus and nitrogen Biodiversity loss etc. It's just the one metric that we can use to describe like how badly we're losing this fight and There's a human cost to losing I'm from a Community a waterfront community heavily involved in commercial fishing spending my life outdoors in Maine and What you remain all right Okay, so you know really engaged in nature my whole life and you know It's a parent that we're losing and it's causing I think it's a big cause of anxiety and depression among a lot of people The fact that we're watching our environment degrade around us, and I don't think it's You know, I think it's something that isn't talked enough about and and I also think that like that anxiety needs somewhere to go and So, you know what I'm supposed to say here is we need to stop emitting carbon and Decarbonization before we do anything like carbon removal. That's like the party line. We're all supposed to say that You know, I'm supposed to say carbon removal is for the last 10% of emissions You know, it's something that we do after we fully decarbonize the economy I'm supposed to oops. I'm supposed to say net zero by 2050 is our goal That's too late 2050 is 26 years away Do we want to watch it just get hotter and hotter and hotter and for the next 26 years like I don't I've seen enough So I think we're getting it wrong I think we're getting the story wrong, and I think we're engaging people wrong on this And Getting it wrong is killing the ocean. It's killing rivers Getting it wrong is leading us to ruin. We're watching the Amazon rainforest dry out. We're watching coral reefs die And if we want to win we need to get this right the framing correctly and you know, well, I think that we should all Try to be less bad and have less damage on the environment and everything we do There's a little bit of a constraint on the human spirit there I love I'm looking at the recycling and how it's instead of saying like You know sort your recycling it's calling it raw materials Here at slush. I think that's brilliant because that's not about being less bad. That's about being more good It's like feeding into growth So, you know, you look around here and you see all this entrepreneur entrepreneurial spirit It's like how do we unleash this creative spirit to do more good in the world? How do we unleash this exponential mindset all these people at slush have on? positive action in the world and that's what I think what we need to do is start thinking about the victory condition Defining a victory condition. What's the vision for a future? Not plus two degrees C. That's not awesome. That's terrible what How about we define the victory condition is pulling everything back in Inside the planetary boundaries. How about we imagine a world for our kids where their biodiversity is increasing? Above this baseline that we have today not like hey, let's see how let's try to imagine a world where it's like pretty terrible But like we can all still survive. How about like let's imagine a world where it's like bountiful That's how we inspire people that's how you get this creative energy that you feel here is from a war is Imagining abundance in front of you. So how do we get to victory? We have to incentivize the world. We want to live in So we have to pay people for positive action If you if you want to incentivize a world you want to live in like I like bees like who doesn't like bees These are really cool. They make honey. They're wonderful. Like we have to incentivize that we have to get people out there protecting bees spreading beehives around We want to if you like wildlife you need wildlife corridors you need to incentivize people to do that So we need payment for positive action And that's how we get to victory. So there's some bad things that we know what we're doing They create liabilities. So we talk a lot about carbon emissions and taxing carbon, etc There's other bad things biodiversity degradation methane release albedo reduction Mine nightmare ocean acidification kills all the fish You know reducing wildlife water quality, etc, and then you know sprawl and then Okay, so we all know about that and we're like, let's not do that. We can tax that we can make make people buy offsets, etc But then let's talk about the good work Removing carbon massive amounts of carbon gigatons hundreds of gigatons You know, there's biodiversity enhancement albedo enhancement reducing ocean acidification Rewilding, how do we pay people for that? And this is something that's been there's a you know a lot of people in the world that are working on this really hard And they're imagining all these different cool projects they can do and they're working on them But one of the problems is, you know, there's not a ton of trust in people building these these as assets or credits so a Few months ago we pulled together some of the leading companies in the space some of the leading scientists in the space and Got together and said okay, like let's set let's let's form up a protocol Let's figure out what are the things we have to do to generate good credits in the world Applicable to all of these different things and let's just all see what we can agree to let's just decide like one Get everyone in a room forget what we disagree on. What do we all agree on makes sense? It was just really cool experience and What we pulled together was called we called it the recuvik protocol and it's an environmental credit generating protocol and What it does is give a set of best practices for companies like running tide that are doing carbon removal out in the world or doing ocean acidification Or biodiversity enhancement. What are the practices you need to do? And I encourage everyone, you know, we have a website It's a really cool thing. I think that this is something that could help people do more positive action and get paid for it in the world and there's You know 13 principles that make it up everyone could agree to it from scientists to operators and Entrepreneurs and it was just like what are the set of principles a set of steps? You have to do when you go out to do good action in the world such that you can generate a credit and then sell that to somebody and Get paid for doing that good work We formed it, you know a lot of it's just formed around carbon removal because carbon removal is the project, you know You know 250 trillion dollar problem that we have to take on over the next generation But you know, it's applicable to all this good work that we could do in the world And you know, it's built on best available science. It outlines which counterparties who checks your work through the process It's just a really powerful tool people talk about proof of work and crypto and things like that You know, what's the proof of work? What's well? This is the proof of work for doing good work in the world and you know We formed this up 12 people in a room just could we agree to it? And then we just set it loose in the world at New York climate week and by the end of the week We had 50 plus signatories all the best companies in the space or not all of them But most of the best companies in the space I think and it just kind of took off and it's starting to get adopted And people are starting to look at their their work in a really structured way on how do you go do good work in the World make sure you're respecting communities make sure you're respecting regulations make sure that you're building on the best available science You can and working your way and making sure there's people there to check your work such that you can generate these credits Sell them in the market and then go do more work What this is this is the dawn of a largest mobilization and value creation event in human history $250 trillion in a generation and it's the stuff It's it's and it would it what is really exciting about all this is it's Giving us a vision of the future that's bountiful and it's a way like think about all this creative creative energy Just applied, you know all the same anxiety that we have all these people out in the world Who are running out of economic opportunities? How do we unleash them in the environment around them to do good things and get paid for it? You know That's a really exciting victory condition for me, and I think that you know so now you're like, okay Well, this all sounds good. You showed us a diagram with a bunch of boxes and arrows like very cool But what does it look like in practice? So I'll walk you through what we did this year at running tide we created We called it substrate, but it's basically Tums for the ocean or an antacid for the ocean that we we got some Wildfire clear out material from Canada brought it up to Iceland we coated it in 4,000 tons of alkaline materials and built up a bunch of Amazing sensors with some of the best engineers in the world to set them loose and to measure all of this and we put them out in the ocean and You know quite you know 22,000 tons of it and then measured what happened and we worked with you know dozens of Researchers we worked with Auditors we kind of went through this whole Reykjavik protocol to see what we could come up with is a giant experiment and you know working with some brilliant people up in Iceland and What we came out to is 60 and thousand tons of carbon removal and ocean acidification abatement And this is what it looked like through the year. We had this amazing cloud Amazing data-gathering system where we could put out these sensors and watch exactly what would happen We had machine-vision cameras measuring how quickly the materials were dissolving And you know what was sinking? Where was it sinking? Where was it positioned in the world? And you can imagine this scaling up so imagine this times hundreds thousands boats like think of like Dunkirk when they went and rescued when the British went to rescue their Their soldiers in World War two they just took every boat they could and just sent it out into the world And imagine we did that for ocean acidification. We just went out there and we just put tons of materials out in the world and Everyone every coastal community in the world was involved in this effort and we could abate ocean acidification We could halt it in its tracks, and that's what's possible here So this you know we generated you know single-digit millions of revenue off this is Didn't quite pay for itself, but close and But how do we get to 250 trillion dollars of this you know eight nine orders of magnitude more work We need wider adoption and participation in the recuVic protocol running tide is kind of the first to get it going But there's like a bunch of other companies now coming behind us. There's a bunch of entrepreneurial sport spirit getting unleashed on this project You know that's That's the first thing and we need more than just a few car, you know 50 carbon removal companies involved in this we need Biodiversity enhancement we need auditors we need You know buyers in the space we need corporations that are trying to offset their Offset there the negative effects they're having in the world buy into this and we need more people participating in it We need you know it can't just be you know Super tech venture-backed companies that are involved in this it means you know super tech enhanced venture-backed companies It needs to be you know people who have a truck People who live out in on a farm people who see degraded land and like an old industrial site that are able to engage with this and We need to trust in Gauls law Gauls law is a software Well, I think it comes from software But basically it's an idea that any complex system that works We're going to engage in the world with all this biodiversity and complexity You know all complex systems that work are built from simple systems that work what running tide did this year was like Big hard complex effort, but it was a simple system You know we're just just mixing alkaline materials and floating them on the surface of the water How do we get that to the level of complexity of the ocean? How do we get that to the level of complexity of the rain forest into coral reefs, etc? Well, we start with simple systems that work and Then we evolve and we learn and we continue on and the and then we also have to trust in the capacity of innovators to learn Exponentially we have all these amazing tools now. We can measure and watch in real time What's happening out in the middle of the ocean now 15 years ago? You couldn't do that You know now with like the level of compute that we can put on a tiny little buoy out in the middle of the Ocean with all these machine learning systems that we can apply to this we can learn Exponentially so we need to trust in that and just get people going the first projects are going to be simple The next projects will be a little more complex and sophisticated and honor more of nature But over we have to be able to trust people in the process and let these things go You know so my kind of Last message to everybody here is that there is a structure We called it the Reykjavik protocol and maybe this maybe the Reykjavik protocol grows You know it's an open source protocol. We'll see where it ends up But if we can get the structure right around these in these markets and these industries and then we go out and we engage with nature And we act and do things and just be bold and go do positive action out in the world And we learn from that We have a chance to win and we have a chance to leave our kids a better world than we have right now not a Significantly worse world, but like somewhat still survivable like not inspiring so I My final message is like for anyone here. Please. I can gauge with us on the Reykjavik protocol We have a we'll leave the website up here at the end and I hope that we see more participation Like I said, it's an open source protocol. We're open to people engaging You know, we're at the slush audience where there's all these brilliant people working on open source software projects I would love people to build on top of what we're working on so join us Thank you so much for your time and Yeah, we'll see you in a better world. I hope All right, okay