‘Carbon is going to be very close to a currency,’ tokenizing nature is next: COP27

By Tim Hichliffe

After moving carbon into a system where it will be “very close to a currency,” the world’s financial elite are looking to tokenize just about everything in nature.

Speaking at a side session at COP27 on Wednesday, former Bank of England (BoE) senior advisor and G20 co-chairman Michael Sheren said that carbon was “moving very quickly into a system where it’s going to be close to a currency,” and that next on the agenda was the tokenization of nature and biodiversity, where places like Indonesia, Brazil, and Africa would be “absolutely critical.”

“Carbon, we already figured out, and carbon is moving very quickly into a system where it’s going to be very close to a currency” — Michael Sheren, Ex-Central Banker, COP27

We’ve spent a lot of time in the G20, a lot of time in the BoE trying to understand where value is created — not just in our systems, but also where the threats to it are,” said Sheran.