How can we go from an extractive to a regenerative economic system? ReFi is the web3 answer, using crypto and blockchain to tackle climate change. - cc: mintera_co blockchain finance
yes, web3 can be confusing sometimes
. In short, ReFi is a movement leveraging blockchain to create financial incentives to lower carbon emissions, regenerate the environment and ultimately reverse climate change.But, this fast-growing sector is already developing some of the key infrastructure and applications needed to make a regenerative economy significantly more attractive and drive positive climate action.
Second, the good news is, it is possible to design blockchain systems that are human-centered, holistic, and designed for the long term. The incredible advantage of web3 lies in how it can incentivize regenerative behavior. Smart contracts, NFTs, tokens, and more can be used to drive our economy toward regeneration. But every organization has a role to play.Offsetting carbon emissions
To be climate-positive means that a business removes more greenhouse gases than it produces. There are several ways to accomplish this: through significant carbon removals or avoided emissions.
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