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.

Join ECOTA

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
Wadappt	Active	a marketplace that connects global capital markets directly to people and projects on the ground. By leveraging exciting and secure technology, together we create a positive impact for our people, planet and our most precious asset: nature.	Cape Town	South Africa	2018			Tokenizing - Digital native tokens,dMRV - digital MRV	Biodiversity credit	No			Forestry & Land Use	Biodiversity credits	Native credit token	Own
Zerosix	Active	a digital tool for project developers to create a compliant-by-design carbon credit which can be independently verified by anyone with an internet connection	Houston	United States	2022	none	Ethereum,Energy Web Chain	dMRV - MRV,Tokenizing - Digital native tokens,Retiring - Offsetting	CO2e unit	Yes		Not Applicable	fossil fuels	Carbon Avoidance	Native credit token	Own	not yet
Zeru.Earth	Active		London	United Kingdom
Carbonmark	Active	the Universal Carbon Marketplace – an open-source, open carbon credit market for every organization in the world seeking to acquire, trade, or retire carbon.	Dubai	United Arab Emirates	2023		Polygon	Financing - Forward structuring,Tokenizing - Digital native tokens,Tokenizing - Tokenizing (other),Trading - Marketplace,Retiring - Offsetting,Retiring - API automation	CO2e unit,Other env commodities (e.g. EACs)	Yes		Own platform	Forestry & Land Use,Renewable Energy,Agriculture,Chemical & Industrial,Energy Efficiency,Waste disposal,Oceans,Transport,Household & Community	Carbon Avoidance,Carbon Removals,Other environmental credits	Traditional registry credit	CDM, CORSIA, Eco Credits (Regen Network), Gold Standard, ISO, Open Forest Protocol (OFP), Own methodology, REC, REDD+, Regen Network, Verra
CarbonTokenProject	Active	a platform to icentivize protecting existing trees through proof of ownership and proof of life, verified by AI and Community	London	United Kingdom	2021			Tokenizing - Digital native tokens,dMRV - digital MRV,dMRV - decentralized MRV			ERC-20		Forestry & Land Use
CarbonX	Active	an environmental software fintech designed to drive transformation to a lower carbon world economy by creating investment for carbon mitigation projects. In 2019, CarbonX combined with Zerofootprint®	Toronto	Canada	2017			Others -		No
Carbonyzed.xyz	Inactive	an art project that removes tokenized carbon offsets from circulation, pushing the blockchain to go carbon negative as an on-chain carbon sink			2021		Ethereum,Polygon
CC token	Active	Incentives for climate change mitigation actions and biodiversity conservation commitment	Bogota	Colombia			Hyperledger	dMRV - digital MRV		NA						REDD+
Ceven (Environmental Governance Platform)	Active	a blockchain enable platform which provides the first of its kind industry-agnostic marketplace for geospatial data.	Thalwil (Zürich)	Switzerland	2020					No							cryptology asset group., cloudeo
Changeblock	Active	a platform connecting project developers, climate assets, data and finance in a trustworthy, transparent climate ecosystem.	North Lambeth	United Kingdom	2021		Ethereum,Polygon	Trading - Marketplace		No	Not Known	Changeblock				CARBON ATTEST program (Martello Risk)	Puro.earth
Circulor and Britishvolt	Active	Britishvolt has instructed Circulor to trace building material supply chains to fully understand inherited CO2 emissions used at the Gigafactory, as well as make this information readily available. Circular will also provide Britishvolt with supply chain traceability for the battery materials from source through to manufacturing. Allowing the company to map the CO2 emissions and other ESG considerations		United Kingdom
CleanChain	Active	a startup that calculates the carbon footprint from the user's Ethereum wallet using its scanner and offers offsetting options.		France	2023			Retiring - Retiring (other)	CO2e unit	yes	NFT	Own platform		Carbon Removals			Ethereum

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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.