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
Nat5	Active	Nat5 cherche à intensifier l'action climatique en reliant la blockchain et la restauration écologique.	Mexico City	Mexico	2021		BNB Chain	Trading - Carbon crypto-currency,Financing - other,Tokenizing - digital native tokens		No	BEP-20		Forestry & Land Use
Verity Tracking	Active	a startup project developing a platform to decarbonize commodities, agriculture crops and biofuels thanks to a precise and verified tracking of carbon emissions (digital MRV), as well as the tokenization of sustainable attributes within supply chains in order to create incentives for all actors to further lower their footprint. Tokens representing emission savings (reduction or capture) can be used as insets within the biofuel value chain or offsets on voluntary carbon markets (VCM)	Denver	United States	2020		Ethereum,Polygon	dMRV - digital MRV,Tokenizing - Digital native tokens,Tokenizing - Registry	CO2e unit	No			Agriculture,Chemical & Industrial	Carbon Removals,Carbon Avoidance,Emissions accounting across supply chain (Footprint,LCA..)	Native credit token	ANL GREET LCA model (Carbon Intensity and Soil Organica Capture models), CORSIA, ISCC, RSB
1PLANET Marketplace	Active	a ready-to-use blockchain system and dapp (decentralized app) powered by the 1PLANET (1PL) token — in April, otherwise known as Earth Month. 1PLANET enables individuals and businesses to take action against climate change by granting easy and transparent access to carbon markets	Miami Beach	United States	2018		Ethereum	Trading - Marketplace
5th World	Active	a project building systems to regenerate planet earth	Kamloops	Canada				Others -
Absurd Arboretum	Active	A collection of 3,333 #trees living on the Ethereum blockchain and growing in the real world 🌳🌲🌴			2021		Ethereum	Financing - Funding & Investing		Yes	ERC-721	OpenSea	Forestry & Land Use
Abundance Brasil	Active	a project generating Abundance Tokens which are blockchain-based assets backed on new trees generating recurring carbon credits	Belo Horizonte	Brazil	2020
Al Goanna	Active	Algorand NFT collection. Planting trees with NFTs	Distributed	Distributed			Algorand	Trading - Carbon crypto-currency,Trading - Marketplace					Forestry & Land Use
Argo	Active	a world-leading cryptocurrency miner, championing the use of renewable sources of power to support the growth and development of blockchain technologies.	London	United Kingdom	2017	ARBK	Multichain			no
Astral	Active	a multidisciplinary team investigating opportunities at the intersection of Web3 and spatial data technologies to improve measures of human dignity and planetary stewardship. We believe that innovations at the convergence of these technologies might enable new, durable tools and mechanisms to re-align human and organizational incentives towards social and environmental objectives.	London	United Kingdom	2020		Ehtereum
Avano	Active	a regenerative NFT marketplace (DAO managed) for incentivizing actions that increase and maintain native ecosystems (ie. tree planting)	Distributed	Distributed	2021			dMRV - digital MRV,Trading - Marketplace		No	PAN
Avelia	Active	a book & claim solution that connects airlines and businesses globally, to share the environmental benefits of SAF and aims to generate the scale of demand necessary to help the sector transition to net-zero emissions by 2050. By spreading the cost and benefits of Sustainable Aviation Fuel across the aviation value chain, Avelia allows airlines to start accessing more affordable SAF today and increases access to SAF for corporates looking to reduce emissions from their business travel.		Netherlands	2022		Energy Web Chain	Tokenizing - Registry	No/Not Applicable			Own platform	Chemical & Industrial,Waste disposal	Emissions accounting across supply chain (Footprint,LCA..)	Native credit token	ISCC, CORSIA, ISCC, RSB	Energy Web
Axon protocol	Active	a company building infrastructure enabling companies to offset their residual emissions by financially supporting the conservation and regeneration of local natural assets. Axon is focusing on the financing of carbon projects, especially nature-based solutions involving landowners. The project aims to leverage web3 tools but concrete plans are not clear yet	Berlin	Germany	2023					No

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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.