What is this working group all about?

We're glad that you asked! That's why we wrote a short & sweet intro to our working group as a paper that you can view here.

What about the blank cells in the database?

Nice catch! You found a cell where we were not sure about what to accurately incorporate into the database. We decided to keep these cells blank. Do you have a suggestion for the blank cell? Happy to hear from you at info@ecota.io

How are the value chain label defined?

A comprehensive overview of the labels used can be found in this document.

Why is my project not listed or information not updated?

The Web3 Carbon space is evolving fast. We did our best to encompass all available data at the time of launch. If we missed your project or inaccurately represented some data about your project: We would love to get your feedback through this form so that we can update the table constantly. We plan on updating this table quarterly.

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ECOTA Web3 Carbon Database

ECOTA aims to provide industry stakeholders, policymakers, and the general public with the best possible knowledge about Regenerative Finance (ReFi) with a focus on tokenized carbon claims – whether these take the form of carbon offsets, insets or emission reports. We want to add value to the industry in a neutral and fact-based manner. In cooperation with Positiveblockchain.io, we analyzed the current digital environment assets space, focussing on projects that work in the carbon tokenization value chain.

This database is the culmination of the working group "Ecosystem Analysis" that took place from January – October 2023 in cooperation with PositiveBlockchain.io

Web 3 Carbon Database

The PositiveBlockchain and ECOTA Database as of October 2023

This database is free to use under CC BY 4.0

Title	Activity	Description	HQ City	HQ Country	Year Creation	Token ticker	Blockchain	Role in Carbon value chain	Underlying of the token (if any), wether launched of planned	Token launched Yes/No/NA	Token model and standard	Marketplace/platform for token distribution	Type of environmental projects	Types of claims	Paper vs Native credits	Methodologies / standards / registries (planned or in use)	Integration with other web3 x carbon players
Carbon.Credit	Active	A Marketplace For Carbon Credits And Energy Related Contracts	Sheridan	United States	2022
Carboncoin	Inactive	an energy efficient digital currency that plants trees. (Project seems inactive or has been aborted)	Suffolk	United Kingdom	2014	CarbonCoin	Bitcoin	Financing - Funding & Investing		YES	CARBON
Carbonex	Active	a company focused on the development of a universal global carbon exchange platform and is to invest in renewable energy projects. The company is technology agnostic and will initially develop assets in remote locations that will generate carbon credits.	London	United Kingdom	2017			Financing - Funding & Investing		No	a two-token model with each token being ERC-20 compliant. The CBN Coin will be a redeemable coin which represents the right to emit one tonne of carbon dioxide (tCO2e). ECO Token holders will receive CBN Coins issued from GHG assets, and be able to transact on the platform for free on a fair usage basis.	Carbonex	Chemical & Industrial,Renewable Energy
Carbonfuture GmbH	Active	a carbon sink credits platform	Freiburg	Germany	2020		Hyperledger			no	IBM Hyperledger					Carbon Standards International	no
Carbonkerma	Active	The global marketplace for CCUS-derived carbon credits, owned by Virginia-based DigiKerma, Inc.	Herndon	United States
Carbonland trust	Active	Carbonland Trust ESG NFTs sequester CO2 and protect forest lands perpetually with our tokenized carbon removals. Carbonland Trust a Carbon Removal Credit Yielding NFT and pioneers in ESGs.					XRP Ledger	Tokenizing - Digital native tokens,dMRV - digital MRV	CO2e unit,Biodiversity credit	No	ERC 721, ERC1155 NFT, XRP Ledger XLS20 NFT, Interwork Alliance Token Taxonomy Framework.		Forestry & Land Use	Carbon Removals. Biodiversity Credits	Native credit token
Carbonlink	Active	a platform powering decarbonization, letting users source millions of carbon credits and other environmental assets to build your climate portfolio								Yes
Open Forest Protocol	Active	a complete digital overhaul for the verification and issuance of carbon credits. OFP re-imagines carbon credits by offering carbon developers a no upfront cost, open source, and network based verification system that allows them to create the most transparent and verifiable carbon credits.		Switzerland	2021	OPN	NEAR Protocol	dMRV - Oracles,dMRV - digital MRV,Tokenizing - Digital native tokens,Retiring - Offsetting	CO2e unit	No		NEAR Protocol,Toucan Protocol,Flowcarbon,Senken,NeutralX	Forestry & Land Use	Carbon Removals,Biodiversity credits	Native credit token	Open Forest Protocol (OFP)	Toucan Protocol, Flowcarbon, Senken, NeutralX
Regen.network	Active	Regen Network, an all-in-one science-powered platform that connects investors and buyers to a growing pipeline of premier-quality ecological impact projects	Delaware	United States	2018	REGEN	Cosmos	Financing - Forward structuring		Yes		Regen				REDD+
Senken	Active	the gateway to on-chain carbon credits from verified climate projects	Berlin	Germany	2022		Celo,Polygon	Trading - Marketplace		NA		Senken,Toucan				Paper now (Verra) & will move to digital native in future	Toucan, Flowcarbon, Celo, Polygon
Solid World DAO	Active	a DAO liquidity solution to pre-finance carbon credits before they are generated by farmers and project developers, launched by digital tool provider eAgronom specialized in agriculture markets	Tartu	Estonia	2021	SCT	Olympus	Financing - Forward structuring		Yes	SCT		Forestry & Land Use,Agriculture				Polygon, Toucan, Vlinder, Arbol, OFP Flowcarbon
Thallo	Active	A climate solutions company providing access to the whole carbon market via its an API that allows businesses to embed carbon credits directly into products and services and its marketplace platform.	London	United Kingdom	2021	THALLO	Ethereum,Polygon	Financing - Funding & Investing			ERC-20					Gold Standard, Verra

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Harvard Citation:
Roesgen, M. G., Zaehringer, L., Filler, A., Wilke, N., Graf, D., Linggih, N., Lepelletier, T., Soavi, M. (2023). Web3 Carbon Database (October 2023) [Dataset]. European Carbon Offset Tokenization Association (ECOTA) and Positiveblockchain. www.ecota.io/working-groups-ecosystem-analysis

Are you a project owner and want to update your project's information?
Feel free to send us your update through this form (click)!

Our contribution

Why we're open-sourcing this database

Promote Collaboration

Open-sourcing findings allows various stakeholders including developers, environmentalists, and organizations to collaboratively contribute to and refine the knowledge base, tools, or solutions that have been developed. This collaborative environment can lead to enhanced innovations, improvements in carbon credit tokenization technologies, and the development of new solutions to existing problems in the carbon market, ultimately driving the overall progress of carbon emission reduction efforts.

Enhance Transparency and Trust

In the carbon credits market, trust and transparency are paramount. Open-sourcing findings provides a transparent view of the data, methodologies, and results, allowing for open scrutiny and verification of the information presented. This transparency can help in establishing trust among the users, regulators, and participants of the carbon credit ecosystem, which is essential for the growth and acceptance of tokenized carbon credits.

Foster Education and Awareness

By sharing knowledge and findings openly, a wide range of individuals and entities can access and learn from the information available. This can help in raising awareness about the importance and potential of tokenized carbon credits in mitigating climate change. Educating a broader audience can empower more participants to join the efforts in reducing carbon emissions and can lead to a more informed and engaged community, contributing to the global goal of environmental sustainability.

Target group

Our target groups

NGOs and Advocacy Groups

To enhance their strategies and promote the effective adoption of tokenized carbon credits.

Government and Regulatory Bodies

To develop informed policies and regulatory frameworks for the integration and management of tokenized carbon credits.

Corporations and Businesses

To align sustainability efforts with the benefits of tokenized carbon credits, aiding in carbon footprint reduction.

Blockchain and Tech Developers

To design or improve platforms optimized for the tokenization, trade, and tracking of carbon credits.

To enhance their strategies and promote the effective adoption of tokenized carbon credits.

Investors and Financial Institutions

To provide a clearer understanding of the tokenized carbon credit market, opening doors to investment opportunities.

To enhance their strategies and promote the effective adoption of tokenized carbon credits.

Academics and Researchers

To inform studies and curricula in environmental economics, sustainable finance, and blockchain technology.

Häufig gestellte Fragen

In the creation of the database focusing on the tokenized carbon credits space, each segment of the value chain was categorized to provide users a comprehensive understanding of the lifecycle and facilitation of carbon credits. The scope included Financing, (d)MRV (Monitoring, Reporting, and Verification), Tokenizing, Trading, Retiring, and Other, each serving a distinctive role in the carbon credit transaction process. By including these segments, the database offers a multifaceted view of the tokenized carbon credit ecosystem, enabling users to explore, understand, and participate effectively in this evolving market.

We would love you to! This database is CC BY 4.0. You are free to: Share — copy and redistribute the material in any medium or format for any purpose, even commercially. Adapt — remix, transform, and build upon the material for any purpose, even commercially. Under the following terms: Attribution - You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.