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Regenerative Finance applied: Carbon Credits on the blockchain - Crypto in Plain English - Episode 203 - by cryptohunt.it
Regenerative Finance applied: Carbon Credits on the blockchain
Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.
Last episode, we introduced you to the concept of Regenerative Finance: Trying to use money as a tool to do good, rather than just make amassing it the ultimate goal. When money flows, it can move things, when it sits in someone’s account, it won’t.
It's an ambitious and grand idea, but some projects are already trying to make it happen. One such area is carbon credits.
Carbon credits have existed for a long time. The idea is that anyone, usually a company, can make the deliberate decision to be greener than they need to be. For example, they could invest in solar, and go above and beyond to be green. The company can then certify their action as a carbon credit and sell it to, say, Shell. That makes Shell feel a little better about destroying our planet, and they get to tell the media a nice story.
What is happening here is essentially that carbon credits wrap positive impact into financial incentives that have an open market. This makes it attractive for companies to do good.
Enter blockchains: For the first time in history, we, the people and builder, have control over the flow of money. This is significant, because we don't need to wait for governments to slowly take action, assuming they ever will. A project called Toucan for example, helps create carbon credits as tokens - and anyone who's moving money around blockchains or building Web3 apps can decide to put money there.
Yes - carbon credits are a complex thing, and we agree with you: Maybe Shell shouldn't get away with polluting our planet in the first place. But we are where we are, so it's great to see how blockchain technology puts the action back into our hands.
And with that, we wish you a great weekend! Go and participate in a project like Toucan!
Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.
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By cryptohunt
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Regenerative Finance applied: Carbon Credits on the blockchain
Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.
Last episode, we introduced you to the concept of Regenerative Finance: Trying to use money as a tool to do good, rather than just make amassing it the ultimate goal. When money flows, it can move things, when it sits in someone’s account, it won’t.
It's an ambitious and grand idea, but some projects are already trying to make it happen. One such area is carbon credits.
Carbon credits have existed for a long time. The idea is that anyone, usually a company, can make the deliberate decision to be greener than they need to be. For example, they could invest in solar, and go above and beyond to be green. The company can then certify their action as a carbon credit and sell it to, say, Shell. That makes Shell feel a little better about destroying our planet, and they get to tell the media a nice story.
What is happening here is essentially that carbon credits wrap positive impact into financial incentives that have an open market. This makes it attractive for companies to do good.
Enter blockchains: For the first time in history, we, the people and builder, have control over the flow of money. This is significant, because we don't need to wait for governments to slowly take action, assuming they ever will. A project called Toucan for example, helps create carbon credits as tokens - and anyone who's moving money around blockchains or building Web3 apps can decide to put money there.
Yes - carbon credits are a complex thing, and we agree with you: Maybe Shell shouldn't get away with polluting our planet in the first place. But we are where we are, so it's great to see how blockchain technology puts the action back into our hands.
And with that, we wish you a great weekend! Go and participate in a project like Toucan!
Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.