# Should ReFi Hit the Reset Button? *It's possible that one of our fundamental assumptions isn't actually correct.* By [The CARBON Copy Newsletter](https://paragraph.com/@carboncopy) ยท 2025-04-21 climate, refi, blockchain, finance, web3, cryptocurrency --- The age-old question in the impact space - especially climate impact - is who should pay for it. ReFi's answer, largely, has been to try to mobilise "non-traditional" capital - that is, capital not from traditional ecological and social impact donors - to grassroots projects through vehicles such as ecological credits, microfinance, investment instruments, grants, and tokens. This answer is based on the fundamental assumption that people and small businesses have the same passion for impact that we do, that they are willing to foot the bill for a problem they didn't necessarily cause. On the surface, this doesn't sound misguided. [Survey](https://peoplesclimate.vote/) after survey suggests that people are in fact worried about climate change. What is a lot less clear, however, is to what degree that worry motivates action. According to the [Peoples' Climate Vote in 2024](https://peoplesclimate.vote/country-results), not a lot. 80% of respondents think their government should strengthen climate change commitments and 70% think governments, big business, and the UN have had the most impact on climate change. In other words, the problem is well beyond the power of any individual to solve. This is a problem for ReFi. If the very sources of capital ReFi is targeting to fund grassroots initiatives are of the belief that responsibility lies with the government and big business, where does that leave the us? It was initially thought that financial incentives would be enough to convince people, but then we ran into that other prickly issue of Web3 usability and regulation. Even if someone wanted to provide capital, we don't make it easy for them. And yet, it's the problem we spend most of our time on because we are _sure_ that people think about impact the way we do. What's becoming increasingly clear is that we need to change our approach. ReFi solutions are much easier sell to downstream beneficiaries than to upstream capital sources, yet our messaging to both is the same. This has to change. We need new narratives and solutions that are not built on existing assumptions. We may uncover some hard truths throughout the process, but at least we'll have a better understanding of who is willing to fund the impact we are working so hard to achieve. * * * ### Story We're Following Mercy Corps Ventures is at the bleeding edge of stablecoin adoption in places where the impact will be most greatly felt. [![User Avatar](https://storage.googleapis.com/papyrus_images/04a1ae57ce9ffa87c3fe3f371dffb454.jpg)](https://twitter.com/CC_ReFi_News) [CC ReFi News](https://twitter.com/CC_ReFi_News) [@CC\_ReFi\_News](https://twitter.com/CC_ReFi_News) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CC_ReFi_News/status/1913084625007628343) ๐๐ž๐ฐ๐ฌ: ๐Œ๐ž๐ซ๐œ๐ฒ ๐‚๐จ๐ซ๐ฉ๐ฌ ๐•๐ž๐ง๐ญ๐ฎ๐ซ๐ž๐ฌ ๐‹๐š๐ฎ๐ง๐œ๐ก๐ž๐ฌ ๐‹๐จ๐œ๐š๐ฅ ๐’๐ญ๐š๐›๐ฅ๐ž๐œ๐จ๐ข๐ง ๐๐ข๐ฅ๐จ๐ญ ๐ญ๐จ ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ ๐‚๐š๐ฌ๐ก ๐ญ๐จ ๐‘๐ฎ๐ซ๐š๐ฅ ๐€๐Ÿ๐ ๐ก๐š๐ง๐ข๐ฌ๐ญ๐š๐ง [@MCSocialVenture](https://twitter.com/MCSocialVenture), in partnership with the Community Driven Development Organisation and [@HesabPay\_](https://twitter.com/HesabPay_), ![](https://storage.googleapis.com/papyrus_images/47d32c7dd92dff19f71e5890967db392.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 1](https://twitter.com/CC_ReFi_News/status/1913084625007628343)[ 12:18 PM โ€ข Apr 18, 2025 ](https://twitter.com/CC_ReFi_News/status/1913084625007628343) * * * ### Thank you for your support! Huge thanks to everyone that supported us in the Gitcoin Grants 23 dApps and Apps and Regen Coordination Global rounds! ๐Ÿ’š * * * ### We're Back on X Our account was suspended last July and we haven't been able to create a new one until now. Follow us at [https://x.com/CC\_ReFi\_News](https://x.com/CC_ReFi_News) * * * ### ReFi Making Impact From our [Impact Dashboard](https://carboncopy.news/dashboard/): ![](https://storage.googleapis.com/papyrus_images/2dcd3f19d592ef9d189fa0b0856cead2.jpg) * * * ### On Tap at CARBON Copy * Trinity Morphy uncovers the YOMA impact ecosystem * * * ### More From Us Visit us at to get more news, analysis, and data from the Web3 regenerative finance (ReFi) space. [ Leading ReFi Information Platform | CARBON Copy ----------------------------------------------- The preeminent source of ReFi news, information, and analysis. https://carboncopy.news ![](https://storage.googleapis.com/papyrus_images/fb31851085fc4733bd300f8fb378321d.jpg) ](https://carboncopy.news) You'll also find our curated [ReFi projects database](https://carboncopy.news/projects/) and other ecosystem goodies. --- *Originally published on [The CARBON Copy Newsletter](https://paragraph.com/@carboncopy/should-refi-hit-the-reset-button)*