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Tokenisation of carbon credits on the blockchain (KLIMA DAO)

image credit: https://coindataflow.com/zh/%E9%A2%84%E6%B5%8B/klima-dao
Oliver Palasmith's picture
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Renewable energy professional with 8+ years experience in offshore wind market and project development. Has worked across European and Asian markets, primarily in commercial and strategic...

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  • Oct 18, 2021
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For those interested in the intersection between blockchain and energy, a new crypto token is launching today: KLIMA.

An overview from their manifesto is included below:

"Klima DAO incentivises new supply of Base Carbon Tonnes (BCT) on the blockchain through the KLIMA token.

KLIMA is the first building block for unlocking the carbon economy — an economy where more economic activity leads to an acceleration in planetary regeneration rather than more damage to our planet.

The KLIMA ecosystem and monetary policy are managed by the Klima DAO. This way we guarantee transparent decision making and long-term stability.

Your access to Member Features is limited.

When we achieve scale, demand for BCTs via KLIMA will bridge with supply in the traditional carbon markets, enabling the market forces that we unlock to disrupt the status quo and drive change.

The point is to create a new monetary system backed by carbon, and to build an economy around it."

Essentially, they aim to create tokens with a value backed by base carbon tonnes. The higher the price of carbon rises, the higher the value of KLIMA. It also means there is an intrinsic value to the tokens (unlike other cryptos) linked to the price of carbon.  

In order to generate demand, KLIMA DAO have invented an interesting internal monetary policy that governs the economics of the tokens, incentivising users to bond carbon to their treasury in order to obtain the KLIMA tokens at a discount in future.

For more detail, check out the overview of the organisation here: Market Dynamics - Klima DAO

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Graham Dunn's picture
Graham Dunn on Nov 4, 2021

Interested to see where this goes

Matt Chester's picture
Matt Chester on Nov 5, 2021

Any predictions, Graham?

Graham Dunn's picture
Graham Dunn on Nov 9, 2021

Hopefully up. I bought some. It's a fairly easy process.

Interested to see how they can put the treasury to work.

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