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
HARA	Active	a blockchain-based data exchange for the food and agriculture sector agricultural development for Indonesian farmers to be more equitable.		Indonesia
IDX Carbon	Active	the new Indonesia carbon trading exchanged launched in September 2023 and using ACX's blockchain platform. IDXCarbon is connected to the National Registry System - Climate Change Control (SRN-PPI) belonging to the Ministry of Environment and Forestry (KLHK), making it easier to administer the transfer of carbon units and avoid double counting		Indonesia	2023			Trading - Marketplace
IMPT.io	Active	a carbon credit program built on the blockchain that’s uniting people and impact projects to address each ton of CO2 emissions.		Ireland	2022		Ethereum	Tokenizing - Tokenizing (other)	Crypto-currency/ stablecoin,CO2e unit	Yes	ERC-20	Uniswap,LBank,Gate,Bitmart,Coinstore	Chemical & Industrial	Carbon Removals
Inuk	Active	a tool to compensate carbon emissions	Paris	France	2017	N/A		Trading - Marketplace		NA
ISCC and Circularise	Active	a pilot blockchain technology with 10 companies including Neste, to complement mass balance certification for biofuels		Netherlands	2022			dMRV - digital MRV,Tokenizing - Registry	No/Not Applicable				Chemical & Industrial,Waste disposal	Emissions accounting across supply chain (Footprint,LCA..)	Native credit token	ISCC Plus certification
C3	Active	an automated way to interface with the Web3 carbon markets, to help move towards a greener, fairer planet.				UBO, NBO, C3	Ethereum,Polygon	Retiring - Offsetting,Trading - Marketplace		Yes	ERC-20					ACR, CAR, Plan Vivo, Verra and Gold StandardACR, CAR, Plan Vivo, Verra, Gold Standard
Carbonland DAO	Active	a DAO designed to rapidly scale the protection and conservation of biodiverse forest land for generations of people to enjoy nature and clean air.	Sheridan	United States	2022	CDAO	XRP Ledger	Financing - Funding & Investing	Governance Token	No			Forestry & Land Use	Carbon Removals. Biodiversity Credits	Native credit token
Cascadia Carbon	Active	a project disrupting and democratizing voluntary carbon offsets. We’ve built CODEX, a custom, low-carbon blockchain designed for individuals and enterprises to buy, build, or exchange tokens backed by offset or sequestered carbon.		Canada	2019		Polygon		CO2e unit	yes	NFTrees, Carbonaut, Codex Token	Own platform	Forestry & Land Use	Carbon Avoidance
CO2ken	Inactive	a project which tokenizes carbon offsets to make them available for Ethereum's web3 ecosystem	Berlin	Germany	2020			Trading - Carbon crypto-currency			See Toucan Protocol	Toucan				See Toucan Protocol	Toucan Protocol
Cut.eco	Active	the Carbon Utility token (CUT) is a tool that gives tangible power over the personalized carbon footprint, pushing the transition into renewables and a cleaner planet	Triesen	Liechtenstein	2020	CUT	Ethereum	Tokenizing - Digital native tokens		Yes	ERC20					ISO, CDM, ETS, VCR, verified from accredited third party organizations
FlexiDAO	Active	a project that facilitates the aggregation and control of distributed flexible energy resources in order to deliver transparent, secure, reliable, and timely energy flexibility to grid operators	Barcelona	Spain	2017	N/A		dMRV - digital MRV		NA
Menthol protocol	Active	the first multi-chain decentralized sustainability ecosystem that will power user or dApp transactions with verified emission-free renewable energy from around the world.	Distributed	Distributed	2021	COOL	multi-chain	Retiring - Offsetting

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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.