Craig Wilson Appointed Climate Collective Lead; New Efforts Announced
The Climate Collective, a community of Web3 projects, organizations, advisors, and advocates dedicated to reversing climate change, welcomes Craig Wilson as its first Lead. Built on the carbon-negative Celo protocol, the Collective leverages Celo’s technology stack and tools to actively iterate a wide range of climate-related applications through grant funding, technical guidance, and ecosystem building.
Wilson brings extensive experience to the Collective. He co-founded The Crop Project, a regenerative agriculture company, and has worked with early-stage companies and public-private consortiums at NYU Tandon Future Labs. He now heads a stellar team at the Collective that includes A. Nirvaan Ranganathan, Program Lead, formerly a software engineer in financial services and Celo contributor; Ottavio Siani, Finance Lead, formerly a loan officer for agricultural lender Root Capital and CFO of Fine Dried Foods International, producer of sustainable, organic dried fruit; and Ed Walters, Chairman, currently a co-founder and General Partner at Allegory, a firm investing and building at the intersection of Web3 and climate.
How the Climate Collective Promotes Sustainability Through Web3 Technology
Launched in October 2021, the Climate Collective is grounded in a ‘theory of change’ framework that empowers short-term actions to drive long-term social impact. Like the Celo blockchain on which it’s built, the Collective drew inspiration from the concept of “natural capital-backed currency” in Charles Eisenstein’s Sacred Economics, which depicts a system that backs money with things we want to see more of in the world, such as healthy air, pristine forests, and clean rivers.
By taking decisive, real-time actions on emerging technologies like the blockchain, the organization aims to push beyond sustainability to planet regeneration to achieve long-term ecological health. In the short term, the Collective, with the help of the broader Celo community and ecosystem, aims to allocate up to 40% of the Celo Reserve (the asset holdings that back Celo’s native stablecoins) to tokenized nature-backed assets over the next four years. The first such asset from Collective founding member Moss.Earth is the MCO2 token, which represents a basket of REDD+-certified reforestation projects in Brazil.
At a Glance: Three Initial Efforts Planned to Reverse Climate Change
Currently, a builder-focused subgroup of the Collective’s founding members is leveraging the Celo blockchain to develop an array of interoperable climate-related applications, including:
Decentralized Carbon Pools
Carbon pools batch various project-specific tokenized carbon tonnes (TCO2 tokens) sourced from certified initiatives, such as reforestation and ocean conservation, into more liquid carbon index tokens, enabling price discovery for different classes of carbon assets. A goal of the Climate Collective is to create and curate an index product (similar to DeFi Pulse Index) consisting of various carbon tokens on Celo. The first carbon pools on the Celo blockchain are slated to launch in Q2 2022, using smart contracts and a bridge infrastructure that will be deployed on the Toucan Protocol.
In Q3 2022, the Collective aims to introduce new use cases for nature-backed tokens by researching and building state-of-the-art Web3 geospatial tooling with Astral Protocol. These include the tokenization of natural capital based on, for example, geographic information system (GIS) data or payments for ecosystem services that reference environmental data for execution. Imagine, for example, responsible and effective land managers receiving tokens based on satellite data, confirming their value-added ecosystemic stewardship.
Climate Collective members are proactively piloting a framework that combines and elevates existing DeFi and DAO tooling to empower local communities, or Sovereign DAOs, to build and govern their own ecosystems and regenerative cryptoeconomies. By leveraging these tools, natural capital assets that improve local thrivability can be used to back self-governed community currencies, creating a virtuous flywheel between economy and ecology.
The Impact of ReFi
By leveraging blockchain tech to support regenerative finance (ReFi), the Collective takes advantage of decentralization, full transparency, interoperable data architectures, and enhanced coordination through programmatic capital and organizational design. ReFi has already made a significant impact on global carbon markets.
“Reversing climate change is a problem that is best suited to Web3,” says Wilson. “Climate is a mass coordination problem, and Web3 is a mass coordination tool. “Decentralization, coordination, transparency, scalability, and mission all have huge roles to play in combating the climate crisis and allowing all to participate in and benefit from those solutions.”
The Collective has begun its ReFi efforts by focusing on the practical and working with what already exists — carbon markets — before pushing the envelope. “Our hope,” Wilson adds, ”is to incubate an ecosystem of ReFi pioneers that can radically adjust our current 21st-century crash course.”
Calling All Web3 Developers
If you are a Web3 developer interested in tokenizing natural assets, or if you have expertise in traditional voluntary carbon credit markets, email email@example.com or meet us in person in Barcelona, Spain, at Celo Connect, Celo’s first global conference, on April 4–5, 2022.
Finally, the Collective is looking for highly talented individuals to join and help further its mission to use Web3 to combat the climate crisis. Send your bio and an introduction to firstname.lastname@example.org.
To learn more about the Climate Collective, visit ClimateCollective.org.