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.This episode is brought to you by KoinlyCheck out Koinly to make your crypto taxes easier: https://koinly.io/?via=EB5412D2&utm_source=affiliatePlease note: we make use of affiliate marketing to provide readers with referrals to high quality and relevant products and services.--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.--Full shownotes with links available at--https://www.cryptoaltruism.org/blog/crypto-altruism-podcast-episode-149-klimadao-addressing-the-climate-coordination-failure-with-blockchain--Support us with a Fiat or Crypto contribution--Learn more at cryptoaltruism.org/supportus--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, before making an investment. 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 on the disclaimer at cryptoaltruism.org.