Bankless How Crypto Can Be Good for the Environment | Klima DAO
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Sep 18, 2021 Joining the conversation are Dionysus, a carbon market expert and environmentalist, Archimedes, a DeFi engineer, and Oxylos, who specializes in crypto and climate. They dive into Klima DAO's revolutionary approach to linking cryptocurrency with carbon offsets. The trio discusses creating a carbon-backed currency to boost market demand and the intersection of DeFi with sustainability. They also explore the potential of social signaling through the Klima token and envision a future where innovative finance can effectively combat climate change.
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Klima DAO's Goal
- Klima DAO aims to increase the price of carbon, making emissions more costly.
- This incentivizes companies to reduce emissions rather than simply offsetting them.
Voluntary Carbon Market
- Klima DAO initially interacts with the voluntary carbon market.
- This market allows companies to offset emissions through opt-in mechanisms.
Incentivizing Sustainable Projects
- Projects generating carbon offset credits gain more value as carbon prices rise.
- This increased profitability makes these sustainable projects more viable.