Lawson Steele has made some very good calls on carbon. As one of the only experts in the field in 2006, he predicted the price would drop to zero, which it did not long after. In 2018, he turned super bullish, bringing himself (and Real Vision members) an astonishingly good trade. In this interview with Raoul, Lawson is back to explain why the supply-and-demand picture tells him things are getting ‘interesting’ again. He gives a primer on the carbon market, explains why he’s bullish, and offers members a peek into his new venture, Kakubi, which brings the EU physical carbon allowances onto the blockchain. Recorded on Tuesday, January 17, 2023.