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
Just Carbon	Active	a blockchain-based marketplace to trade carbon credits that helps to reduce costs and remove middlemen – creating a nature-based carbon removal marketplace. Users can purchase JustCarbon tokens, which are called JustCarbon Removal Units (referred to as JCRs). 1 JCR = 1 tonne of sequestered carbon that is certified against the platform’s governance rules, which is managed by JustCarbon’s DAO	London	United Kingdom	2022	JCR	Ethereum	Financing - Forward structuring		Yes	ERC-20	Retail	Oceans			Own
Kenzai	Inactive			Curaçao
Kolektivo	Active	a suite of Web3 institutional tools for local communities to launch, govern, and maintain their own regenerative economies.		Global	2018	kG, kCUR	Celo	dMRV - digital MRV,Tokenizing - Digital native tokens	Crypto-currency/ stablecoin	Yes			Forestry & Land Use,Agriculture	Other environmental credits	Not Applicable		Celo
Kwaxala	Active	a platform that converts at risk forests into Indigenous Stewarded and Regenerated Forest areas that anybody can invest in as a living natural capital asset. Earning an annual return in deep partnership with Indigenous communities from monetised environmental services.			2023
Leafcoin	Inactive	a decentralized system launched with a mission to help funding the preservation and re-forestation of rainforests through Leafcoin Foundation		Netherlands	2014	LeafCoin	Bitcoin	Financing - Funding & Investing		YES
Make Blockchain green	Active	a project that connects to a crypto wallet and audits the carbon footprint of transactions.			2022			dMRV - digital MRV
MarinaChain	Active	a set of business tools that the Maritime Enterprise NEEDS to meet regulations and even exceed national and international carbon targets for all industries whilst adhering to recognised ESG standards.	Singapore	Singapore	2021			dMRV - dMRV (other)	No/Not Applicable				Chemical & Industrial	Emissions accounting across supply chain (Footprint,LCA..)	Traditional registry credit
MetaVerse Green Exchange (MVGX)	Active	a regulated exchange for the metaverse era, with licenses from the Monetary Authority of Singapore (“MAS”) including Recognized Market Operator (RMO) license, Capital Market Service License for dealings in securities, and collective investment schemes, providing custodial services, as well as exempted licenses under the Payment Service Act. MVGX has two patent-pending technologies, Non-Fungible Digital Twin (NFDTTM) to represent objects in the metaverse, and Carbon Neutrality Token (CNTTM) to facilitate cross-border trading of carbon voluntary emission reduction credits without triggering national ownership issues (Nationally Determined Contributions).	Singapore	Singapore	2018	CNT	Ethereum	Tokenizing - Digital native tokens,Trading - Marketplace		Yes	ERC20	Both				NDC-based
MoonJelly DAO	Active	a Decentralized Autonomous Organization (DAO) creating an “Ocean Impact” NFT marketplace to raise funds in support of ocean conservation. They are also launching their own token, Jelly Token, to raise liquidity and to fund ocean restoration projects, which will be chosen through community governance.		United States	2021			dMRV - digital MRV,Tokenizing - Digital native tokens	CO2e unit,Biodiversity credit	No			Oceans	Biodiversity credits,Carbon Avoidance,Carbon Removals
Moss Earth MCO2	Active	a climate tech firm that provides carbon credit-backed “MCO2” tokens for offsetting greenhouse emissions.	Sao Paulo	Brazil	2020	Moss Carbon Credit (MCO2)	Ethereum	Tokenizing - Bridges		Yes	ERC-20	Regen,KimaDAO,Coinbase,ProBit,Gate.io,Bitcoin Mercado,NovaDAX,foxbit	Forestry & Land Use			Verra
New Era Energy	Inactive	a blockchain-enabled certification platform for measuring clean energy footprint	Singapore	Singapore	2017			Tokenizing - Digital native tokens		No	ERU
NRverse	Active	a solution for automated carbon accounting for events of any kind.	Berlin	Germany	2022		Corda,Ethereum,polygon,Blox.move	Retiring - Offsetting			NFTickets	openSea	Forestry & Land Use,Renewable Energy	Carbon Removals,Carbon Avoidance	Traditional registry credit	Ecohz for sourcing energy attribute certificates (EAC)	Blox.move

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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.