Crypto Altruism Podcast Episode 149 - KlimaDAO - Addressing the climate coordination failure with blockchain
In episode 149, we’re excited to welcome Marcus Aurelius of KlimaDAO, a decentralized protocol that provides public goods and common-pool resources for climate finance and markets. We discuss the coordination failure of climate finance and how Web3 tools can address this, the role of decentralized governance in enabling climate action, the Ecological Benefits Framework as a powerful coordination tool, and much more.
Three Key Takeaways
Traditional carbon markets face the trade-off of integrity vs. scalability, as they lacked the technology and tools to accomplish both. Unfortunately, this has resulted in a breakdown in trust as some issuers have focused on scalability at the expense of integrity. Emerging technologies such as blockchain and AI can modernize these antiquated markets and make it much easier to verify the impact of projects at scale.
Climate inaction is perhaps the biggest coordination failure of our time. Although everyone benefits from a clean and healthy planet, some have extracted disproportionately more from the environment, and the key power brokers of the world have failed to coordinate meaningful action to combat climate change. Web3 tools can help redistribute the power, ensuring there are greater accountability mechanisms in place, while providing new means to coordinate capital and communities around climate action.
The Ecological Benefits Framework (EBF) aims to help stakeholders move past carbon myopia and serve as a common language for the challenges facing humanity and the planet. There are 17 Sustainable Development Goals (SDGs), which can be overwhelming and difficult to remember. On the other hand, EBF, simplifies the challenges facing the climate into 6 easy to understand benefits of Air, Water, Soil, Biodiversity, Equity, and Carbon.
Follow Marcus and KlimaDAO
This episode is brought to you by:
Koinly
Koinly makes doing your crypto taxes easy, so make sure to check out Koinly as you get ready for tax season!
Episode Time Stamps
02:10 - What was your “Ah hah” moment that first got you excited about cryptocurrency and web3?
04:15 - You go by the pseudonym Marcus Aurelius – I’d love to hear the story behind the name!
05:35 - To lay the groundwork for the conversation, do you mind giving a high-level overview of KlimaDAO’s mission?
09:25 - On the KlimaDAO website, it states “KlimaDAO addresses the coordination failure that has held back the global scale-up of climate finance.” What is a coordination failure?
14:00 - Carbon markets have been plagued by a lack of trust and transparency – how can blockchain address this?
19:00 - One of the challenges with carbon markets is the verification process for how much carbon was removed from the atmosphere. How can emerging technologies like blockchain and AI enable this?
23:25 - How can blockchain help projects verify their impact and share it back with the community.
28:25 - KlimaDAO is decentralized and governed by the community. Can you tell me more about the architecture behind the DAO, and the role that the community plays in shaping KlimaDAO?
34:00 - I understand that you are also a contributor to the Ecological Benefits Framework. Do you mind giving an explain-it-like-I’m-5 of EBF?
38:05 - How can EBF help coordinate capital and align stakeholders to deliver positive environmental impacts?
40:50 - What’s the best way for listeners to learn more about KlimaDAO and follow your work?
41:50 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
Enjoy the episode? Here is some similar content:
Send a tip in ETH: cryptoaltruism.eth
Like what you’re reading? Consider contributing to Crypto Altruism so we can continue putting out great content that shines a light on the good being done in the crypto and blockchain community.
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.
We make use of affiliate marketing to provide readers with referrals to high quality and relevant products and services.
