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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Oasa Earth | Active | a nature conservancy, a network of regenerative living spaces in nature, conserving 95% of its land as nature, built as an experiment for DAO based local democracies. | Santiago do Cacém | Portugal | 2019 | TDF | Celo | Tokenizing - Digital native tokens,Financing - Funding & Investing | No | ERC-20 | Principles of Regeneration and Land Stewardship | ||||||
OceanDrop | Active | a charitable NFT project hosted by the Open Earth Foundation, A non-profit organization dedicated to developing open-source technology for climate action. Proceeds from the sale of the NFTs support a pilot project aimed at expanding Marine protection areas of Cocos Island and Costa Rica. | United States | Triton | Binance Smart Chain | Tokenizing - Digital native tokens | Biodiversity credit | yes | Oceans | Biodiversity credits | |||||||
Phease | Active | a project helping helps NGOs raise funds in a transparent way using blockchain. They also developped an offsetting app to offset the carbon footprint of blockchain-based transaction | Paris | France | 2021 | Ethereum | Retiring - Offsetting | No | SmartB | ||||||||
Porini.Foundation | Active | a charities offering Nature Collectibles, CO2 from Nature-based Solutions, a zero-carbon sustainability chain based upon "proof of authority". | Fribourg | Switzerland | 2018 | xDAI | IMD | ||||||||||
Poseidon Foundation | Active | a gamified ESG engagement platform to promote and incentivise employee engagement with environmental, social, and governance (ESG) issues. | Singapore | Singapore | 2017 | No | Forestry & Land Use | Paper registry | Verra, Gold Standard | ||||||||
Project-Ark | Active | an innovative new blockchain-powered conservation platform built in partnership between Carbonbase and the leading international organization World Wildlife Fund Panda Labs.
We have created an online marketplace for non-fungible token (NFT) art which directly fund social impact projects to protect biodiversity and climate change related conservation projects around the world | Singapore | Singapore | 2021 | CARBZ | Solana,Polygon,Celo | no | NFT | Cred Platform | Verra, Gold Standard | CRED | |||||
Rearden Digital Assets | Active | an ecosystem of decentralized applications for the carbon-based digital asset market. It developed Serapis to enable measurement, reporting, and verification (MRV) of GHG emissions leveraging distributed ledger technology (DLT). DLT inherently removes the need for markets to trust data. Serapis' use of Interwork Alliance (IWA) token framework standards for data collection, calculation, and reporting ensure that users comply with a broad base of voluntary and regulatory requirements. | Texas | United States | MRN | Hedera | Tokenizing - Tokenizing (other) | InterWork Alliance tokan standards | |||||||||
ReCarbonX Systems | Active | a Digital Twin that can track and measure carbon footprint on a per-product basis using the data collected along even very complex manufacturing and production value chains. The system enables real-time proof of Quality compliance, Track-and-Trace and real-time Life-Cycle Assessment (LCA) that reflects any changes made along the chain immediately. | Zürich | Switzerland | 2019 | dMRV - digital MRV | No/Not Applicable | Chemical & Industrial,Energy Efficiency | Emissions accounting across supply chain (Footprint,LCA..) | Not Applicable | |||||||
Reneum | Active | a climate tech solution allowing businesses and individuals to Scope 2 or energy emissions through digital Renewable Energy Certificates (RECs) whilst funding renewable energy deployment in emerging markets. Each transaction is fully transparent and trackable in real-time from end-to-end, an innovation on the legacy paper REC market. Anyone's climate impact can be measured and verified through public impact pages. | Singapore | Singapore | 2019 | Ethereum,Polygon | Financing - Funding & Investing,Tokenizing - Digital native tokens,Trading - Marketplace,Retiring - Offsetting | 1 MWh = 1 digital REC | No | Renewable Energy | Other environmental credits | Native credit token | REC, RE100 | Polygon, Celo, IPFS | |||
Reseed | Active | a full service carbon solution provider. We bring carbon credits directly from farmers to the market. ReSeed fights climate change at scale by financing and incentivizing farmers to steward carbon through regenerative farming practices. ReSeed leverages blockchain technology to ensure validity of carbon stock management, from registration through validation and verification. | Cheyenne | United States | dMRV - digital MRV,Retiring - Insetting | No | Agriculture | Own, ReSeed | |||||||||
Sādu Mobile App | Active | With Sādu, anyone can earn digital assets with a positive environmental impact using their daily habits. Download the app, subscribe, or stay active to earn trees monthly. As a reward for committing to a sustainable lifestyle, app users receive a collection of digital assets that contain enough data to verify ecosystem conservation and restoration. | Global | Global | 2020 | Ethereum,Polygon | Financing - Financing (other),dMRV - dMRV (other),Digital collectibles | Other natural asset (eg one token = one tree..) | Yes | OpenSea,Own platform | Forestry & Land Use,Agriculture,Oceans | Ecosystem restoration. | Traditional registry credit | ||||
Secured Carbon | Active | the verified climate performance bonds and credits, accelerating a mature carbon market | dMRV - Oracles | Chemical & Industrial |
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
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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.
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.
