Happy Friday!
Yet another year of frustration for negotiators at COP29. Something will get done, but, it seems, only for the sake of being able to stand up in front of the cameras and say so.
Like Davos, the United Nations Climate Change Conference (UNCCC, also referred to as COP) feels like it's not longer fit for purpose. On one hand, you have autocratic petrogarchies vying to host it, if for no other reason than to foist petroleum deals upon the large contingent of global decision-makers in town. On the other, there's the environmental (and financial) cost of all those private jets and commercial flights. Without a meaningful, sustainable deal at the end of the horse and pony show, one can't help but wonder what the point is.
It may all sound pessimistic, but it's the same conversation every year:
This year is expected to be the hottest on record
We have no chance of keeping the global temperature increase below 1.5C
It will cost trillions to adapt to climate change and address all the loss and damage that has already been done
Developed countries don't want to pay for the loss and damage done to developing countries.
We have to find new ways to fund climate resilience and address the damage that has already been done.
Global conferences are no longer the answer.
This week, Trinity Morphy asks the question:
What if, instead of relying on the altruism of donors, we created a retail investment instrument that funded ecological/social impact and provided a return?
Trinity Morphy lays out his idea for a solution to the funding shortfall for ecological and social impact projects relying on public goods funding.
Gitcoin to integrate futarchy with Filecoin’s latest RetroPGF round
Keenest lists Feedbac, a new B2B waste management and recycling solution
$EARTH launches on Celo
EcoSynthesisX announces ReGenBazaar
Carbify partners with explorer.land to integrate satellite monitoring with its ongoing amazon tree-planting projects
VeBetterDAO introduces endorsement mechanism for X and Economic node holders in the vechain ecosystem
Energy Web launches “Green proofs for bitcoin” solution to decarbonise bitcoin mining
We've added venture funding to the dashboard! We don't think it's a complete dataset, so we're continuing our search for more venture deals.
Visit us at https://carboncopy.news to get more news, analysis, and data from the Web3 regenerative finance (ReFi) space.
You'll also find our curated ReFi projects database and other ecosystem goodies.
CARBON Copy Team
