David Palella is Founder of Carbon Manna Unlimited, a non-profit standards-setting organization based in San Diego, California. David invented the cell-phone-based Carbon Micro Credit in April 2008, now called the Carbon Micro-Profit-Sharing System (CMPSS), which will allow millions of poor families in the Developing World to directly monetize the value of carbon offsets they produce, for example, by cooking more efficiently or using solar power.
The CMPSS is a third and completely novel form of microfinance after micro-debt and micro-savings. In contrast to all previous forms of microfinance, which are all merely down-sized forms of what already existed, Carbon Manna is a truly revolutionary and syncretic financial innovation combining technology and business practices from the cell-phone industry, the global carbon-trading markets, and the mobile money transfer & banking industries.
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