Incentivizing Climate Action via regenerative cryptonomics-Giorgio Alessandro Donà Danioni @KlimaDAO

Transcript

hello everyone my name is Giorgio and I have the pleasure to represent here clima Dao and which is a protocol that I hope you know I'm one of the founders my nickname is the lawyer all together I wanted to share something with you that you might not know and you might find quite shocking but I also would like to show you our solution for this big challenge humanity is emitting too much carbon dioxide and other greenhouse gases which is accelerating the rate of climate change so therefore unless we radically change reduce how much CO2 we emit we reach a point of no return where we can

reverse the effect of the climate change the UAE the place where that is hosting me and I'm very grateful to be is a significant contributor to Global ghg emissions with the landmark buildings such as the bush Khalifa and the hotel sector in Dubai which alone emits like 1.2 million tons of CO2 per year so it's like a very very important issue that the UAE is trying to solve and it's like emitted like committed to solving the next years one of the most promising tool to bring their Global ghgm emissions under control is the voluntary carbon market

so the voluntary carbon Market is also like nickname vcm and it has like different like derivatives the vcm enables companies and individuals that wants to take the responsibility for their carbon emissions to drive funding to verified carbon credits projects that do good for the planet by removing or avoiding the emissions or of carbon in the atmosphere so as you see there are two kind of carbon offsets so also called carbon credits which someday focus on removal and some on on and someone and someone reduction so for instance like removals can be afforestation refresh station ecosystem restoration while reduction it

would be just like trying to avoid so capturing the carbon emissions or like Forest conversation or like renewable energy which is like a very very important topic especially in countries like here where we have a lot of sun of course So to avoid the worst effect of the climate change the vcm needs to scale up by a factor of 15 times by 20 30. so I'm pretty sure that you at least I heard more than once this date because many many countries especially in the GCC area they have an agenda in order to getting better at the emission and the carbon capture in 2023. however let me walk you through the challenges that we

have stopped that you know to have stopped this from happening and how us at clementa we're solving these challenges so traditionally the vcm it's it's low it's it's a disaster it's just very very difficult to access the carbon credits that you purchase pass through like layers of middlemen who uses telephones sometimes even facts on shin and I'm not joking as carbon credits purchaser you might have to wait anywhere from weeks to months to complete your offset it's totally inefficient like if I tell you now try to like buy even 100 or 1 000 carbon offsets is going to be a nightmare for you because like you need to call like a broker the broker needs

to answer to you because maybe they have like opening hours they need to find a project for you they need the way that you pay so you know bankwise takes time so it's really really inefficient with us at clean without we revolutionize this Market by building a transparent open and public infrastructure so anybody can use with no Hoops to jump to jump through in the Unseen digital carbon market so vcm we call it DCM as digital carbon credits can be purchased and retired like instantly with your credit card or with your metamask traditionally the vcm also has been economically inefficient because like carbon credit passes through many many

layers and you know every middleman adds also like a bit a bit a bit a bit because everybody has to you know gain in fees and it can arise up to 400 or 300 depending on the kind of project in excess fees with climate as infrastructure we have almost near like zero percent fees and we and so therefore we managed to provide the best pricing available for carbon offsets another thing that is very very important is that like the traditional vcm it's like totally totally totally opaque it's very difficult for like a person which is not an operator or a broker to understand

which kind of project has like a true impact and which kind of project which kind of is the right price for the project itself so it's you know this kind of things are a huge challenge especially for people that you know they want to get closer to this kind of Market but they have difficulties in understanding how much they should pay for instance of carbon credit so a lot of information are lost and obscures and at this point the trust is lost so with us criminal our tools enabled to make your climate actions publicly verifiable because we built like many many tools that allows you to check the liquidity the availability the kind of project and therefore also the price you know one of the nicest things of the

blockchain so let me tell you more of what we did so far and what is the biggest impact so we launched in October 2021 18 October 2021 Unforgettable date for me of course and since then we accumulated over 18 million tons of carbon in our treasury as I told you before UAE Hotel sector is 1.2 million okay so we accumulated 18 Millions we are one of the largest holder of carbon offsets in the world and of course the biggest of you know tokenized Carbon anyway we've become the the top Market facilitator for digital carbon the carbon credits that have been brought on

chain are issued by hundreds of projects that transform the energy grade protect forest and have a range of other benefits for community and our climate we have over a hundred clients across the multiple sector like technology such as polygon which is one of the biggest supported and like biggest offsetter Finance existence Bankers Association Aviation flyer and president voyage and more that you know for instance also Mark Cuban company uses our tokenized offices for offsetting his emissions which they use constantly and are using our technology in order to fulfill their environmental goals as you see we also have like quite a big attraction of wallets and community one of the things one of the most

important thing that we did we're close to the end we've built a carbon dashboard that is the leading source of digital carbon Market information as I told you everything is transparent you provide a bird's eye view of the digital government Market with like this platform basically you can find all the data related to carbon trading retirements and issuance to non-chained carbon we see that over 25 millions of carbons have been tokenized so far this is the equivalent of the emission by 38 million round-trip flights between New York and London 38 million round trips so incredible the liquidity available on chain is now far greater than any other single liquidity Source in traditionally

voluntary carbon markets but we don't don't do just this but we also do integration that are good for web 2 and web3 for instance we have built something called The Green fee Tech stack this enabling a D5 project to boost sustainability into score functionality so she's what for instance is one of the projects that did this so the carbon offices Source from clean model can be automatically offset every time that a user executes swap on Sushi swap let me give you just like a quick Insight every time that you of course use the computer you use electricity so technically there is an emission or you know there is a consumption and even if like in our ethereum is proof of stake and even if like polygons were for stake there is still like a small conception

so with this the integration that we created basically we allowed all the people to do their part automatically just with a click of a button and like a like a less than sense for doing so anyway there is still a lot of work ahead and we launched one and a half year ago as I told you our organization unites talented for over 50 contributors all over the world so total of 70 75 people and everyone has a deep experience in carbon markets technology and business strategy and execution so all the 50 contributors to our communities over the year 10 000 members are all passionate about fighting climate change and blockchain

our mission is to provide and scale up the transparent neutral and public digital companies infrastructure to accelerate climate Finance on a global scale so I thank you so much for your attention I hope that you liked it and I hope that you're going to check our protocol because we are really really care about the planet and we really think that this is one of the best solution in order to help also the Next Generation in our actual generation to do more and to do better thank you so much thank you