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
Climate Action Data Trust	Active	a project connecting registries through a decentralized digital infrastructure (using blockchain), and making the information publicly available to mitigate the risk of double counting and enhance the integrity and transparency of carbon markets.	Singapore	Singapore	2022		Chia Network	Tokenizing - Registry,Others -		No
Climatecheck	Active	a company launched in 2007 to advance the state of the art for MRV (measurement, reporting, verification) and we have since delivered services and solutions to over 400 organizations in over 50 countries.	Ottawa	Canada				dMRV - digital MRV,dMRV - Oracles,Tokenizing - Digital native tokens	CO2e unit	No			Chemical & Industrial,Waste disposal	Carbon Removals	Traditional registry credit,Native credit token	Gold Standard	Climate Chain Coalition, Gold Standard, ACT, IOTA
Coorest	Active	a decentralized carbon credit exchange from Netherlands, that uses NFTs and crypto-based yield-bearing assets to offer eco-friendly investment methods		Estonia		NFTrees, CCO2, POCC, CRST		Tokenizing - Digital native tokens,dMRV - digital MRV,Tokenizing - Registry	Governance Token,CO2e unit	Yes	CCO2	Own platform	Forestry & Land Use			Native token CC issuance Coorest Carbon Standard
CUT	Active	a green token created from certified carbon offsets linked to destruction of greenhouse gases	Vaduz	Liechtenstein	2019	CUT	Ethereum	Retiring - Offsetting		Yes	CUT	Bittrex
Earthbanc	Active	a project financing carbon projects across 100m hectares by leveraging digital MRV, AI and web3 to scale climate solutions.	Stockholm	Sweden	2019		Regen Ledger	dMRV - digital MRV,Trading - Marketplace,Retiring - API automation		No	NFTree : ERC-1155	Regen Network	Forestry & Land Use,Agriculture			Eco Credits (Regen Network)	Regen Ledger
Earthchain	Active	an API driven marketplace for fractional retirement of good quality carbon credits, aimed at consumers via banks and payment gateways.	Leeds	United Kingdom	2019	ecCO2e	Stellar	Retiring - API automation		No	Stellar asset, Utility	Earthchain APIs,Earthchain Storefront				Paper (Gold Standard)
Filcoingreen CO2.storage	Active	a project providing a web3 storage solution for environmental assets based on content addressed data schemas.	San Francisco	United States			Filecoin Green	dMRV - digital MRV,Retiring - Offsetting						Carbon Removals
ImpactScope	Active	ImpactScope helps organizations deploy web3 tools to measure, verify and amplify their impact. Our team is unique blend of impact entrepreneurs, data scientists, researchers, software engineers and sustainability practitioners, including recognized global authorities in behavioral economics, tokenomics engineering, DeFi and smart contract design	Budapest	Hungary	2021	N/A	Agnostic	Financing - Funding & Investing,dMRV - digital MRV	No/Not Applicable	No		Own platform		SDGs,Other environmental credits	Native credit token	Gold Standard, Verra	No
Ivy Protocol	Active	OS to connect pre-certified environmental projects with funding and resources.	Berlin	Germany	2022		Other	Financing - Forward structuring	No/Not Applicable	No			Oceans	Carbon Avoidance,Carbon Removals	Not Applicable	Climate Action Reserves, Plan Vivo, REDD+, Verra	Toucan, Senken, Thallo, Atem
Open Earth Foundation	Active	an independent climate accounting network based on nested accounting and verifiable credentials for transparent and verifiable climate data	Los Angeles	United States	2020		Hyperledger	dMRV - dMRV (other)		No	N/A					Not registry/credit specific	CAD2.0, World Bank Climate Warehouse, UN DIGS Hub
Puro.earth	Active	a platform bringing together suppliers of carbon net-negative technologies such as Biochar producers and climate conscious companies. Puro issues verified CO2 Removal Certificates (CORCs), a new kind of carbon offset based on carbon removed from the atmosphere for the long term.	Helsinki	Finland	2018	CORCs		Tokenizing - Digital native tokens,dMRV - digital MRV,Retiring - Offsetting,Trading - Marketplace,Tokenizing - Registry	CO2e unit		CORCs	Puro Registry,Thallo	Waste disposal,Chemical & Industrial	Carbon Avoidance,Carbon Removals	Native credit token	Own, Puro Standard	DOVU, Thallo
Return protocol	Active	a protocol that provides automatic blockchain emissions offsetting to users in the Web3 ecosystem, leveraging verified and innovative environmental assets. Return’s blockchain-based process begins with an NFT that accounts for past emissions and then continues to offset as new transactions are made	San Francisco	United States	2022			Financing - Financing (other)		Yes	NFT	Return				Paper (VCS or GS)	Flowcarbon, Toucan, Nori, Polygon

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Größere Version anzeigen

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.