Crypto Altruism Podcast Episode 146 - $Earth - Redesigning money to power the Solarpunk revolution
In episode 146, we’re excited to welcome Utkarsh Patel, Founder of Earth Coin, a digital currency backed by real world climate solutions, ecosystem services and Solarpunk values. We discuss how Earth Coin aims to address the massive climate finance gap, the benefits of tokenized climate solutions, Web3 as a powerful force for climate coordination, and much more.
Three Key Takeaways
Climate change can be overwhelming for the average individual, as they may feel that they lack the means to contribute to positive climate action. As such, it’s important to build solutions that make it easy for the average person to get involved in climate action, including the ability to passively support climate solutions through their investment decisions.
One of the challenges with our current economic system is that it only values economic output, and not the other positive externalities associated with economic activities. For example, when it comes to regenerative agriculture, value is attributed to the economic output – food, but not to the positive externalities that are associated with regenerative agriculture such as healthy soil, clean water, and more sustainable land for future generations. It is important that we shift our thinking to ensure these positive externalities are valued as much as the direct economic output.
There is currently a $150 trillion gap in climate financing needed to achieve a net-zero world by 2050. The problem isn’t a lack of capital, but a lack of proper incentivization and coordination mechanisms. To close this gap, we need to radically reimaging incentive structures to align climate action and rewards.
Follow Utkarsh and $Earth
Please note: The Founder of Crypto Altruism previously received Earth Coin as a supporter of the movement.
Episode Time Stamps
02:05 - What was your “Ah hah” moment that first got you excited about cryptocurrency and web3?
13:00 - On your website, it states “$Earth will let you be at the center of the most radical transformation ever undertaken by humanity.” Tell me more about this.
17:20 - $EARTH is a digital currency backed by climate solutions – tell me more about some of the projects backing $EARTH?
24:40 - I understand that there is currently a massive gap in climate finance needed to achieve a net-zero world. Tell me more about this, and how $EARTH aims to disrupt climate finance.
31:35 - Tell me about the tokenomics behind $EARTH.
38:30 - On your website, it states how Earthcoin aims to find projects “that are essential to spark the solarpunk revolution”. What is the solarpunk revolution?
42:45 - What makes Web3 such a powerful force for coordination and collective action?
46:05 - What’s the best way for listeners to learn more about $EARTH?
47:20 - If you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
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