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Dave Folk

Startup founder in carbon markets and sustainability space

Dave Folk is the Head of Carbon Markets at Toucan, a company focused on building technology to support climate action and improve the voluntary carbon market.12 He joined Toucan in this role in July 2023.6

Professional Background

Dave Folk has experience in early-stage startups and a passion for developing new ideas.3 His career has involved several key positions in the climate and technology sectors:

  • Head of Carbon Markets at Toucan (Current role, since July 2023)6
  • Co-Founder and Advisor at Mangrove (2022-2023)6
  • Global Mentor Engagement Manager at Techstars (2021-2022)6

He also helped start companies like Cloverly and Mangrove Carbon.4

Expertise and Interests

Dave's professional focus aligns with Toucan's mission to unlock climate action at scale. He is particularly interested in:

  • Energy
  • Food
  • Carbon markets
  • Climate technology

Recent Achievements

Recently, Dave has been involved in significant developments at Toucan:

  • He participated in Climate Week New York 2023, where Toucan engaged with various partners and events in the climate tech space.1
  • Dave was part of the team that launched CHAR, a liquid market for Biochar credits. This platform aggregates screened biochar carbon credits from Puro.earth, creating infrastructure for automated buying and selling of biochar credits.25

Social Media Presence

You can find Dave Folk on various social media platforms:

  • LinkedIn: dave-folk-996581273
  • Twitter: @davefolk4

Dave's involvement in Toucan and the broader carbon market ecosystem demonstrates his commitment to developing innovative solutions for climate action and improving the efficiency of carbon markets.

Highlights

May 30 · linkedin

Has the US saved the voluntary carbon markets with its Joint Policy Statement?

It's undoubtably huge news for the market, but does nothing to incentivize demand. If you caught Ecosystem Marketplace's release this morning you will know that is the biggest challenge (the market more than halved last year).

What it does do, is clearly outline the US intent to provide oversight to the market up to and including regulation.

It also emphasizes a few principles: 👓 Transparency is the word of the day. Transparency in calculations and transparency in volume and transactions. ➕ Additionality is key in the eyes of the government. ⏲ Credit claims must come with a guarantee of timing for the claim's legitimacy, and be able to confirm the validity throughout that period.

I think blockchain has a huge role to play in the transparency piece, but that is for another post.

May 26 · linkedin

Historic US Carbon Credit Guidelines Announcement: What You Need to Know

On May 28 the US is set to announce its first position on carbon credits. This could provide much needed backing to the carbon markets, and bring businesses back to buying credits.

Why it's important? The US has never taken a stance on credits, leaving any federal action up to the rarely used Green Guides or recent CFTC guidance. This is coming from the Treasury Secretary, Energy Secretary and Agriculture Secretary... probably the three most important climate-related cabinet secretaries.

What're they going to say? That high-integrity, additional and permanent reductions are in, but not for Scope 3 and only if decarbonizing those emissions aren't technically feasible.

How does this impact carbon markets? Really comes down to the specific guidance, which may or may not be released on Tuesday.

Bull case is this decreases reputational risk for businesses by giving them a government-backing on their activity (But Janet said I could!), and drives demand for credits with strong tracing of the claims along with robust MRV (i.e. the best credits).

Bear case is that it's overly vague, or lacks nuance which kills off promising methodologies while simultaneously making it so onerous for businesses to justify their usage of carbon credits that they take no action.

Related Questions

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Dave Folk
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Location

Birmingham, Alabama, United States