Published
1 year ago on
July 20, 2022
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Image source: EarthFund
EarthFund, a decentralized crypto-native crowdfunding platform aiming to promote ideas that make the world a better place, welcomed its latest cause, “Carbon Removal”, founded by Dr Lucy Tweed. The cause will find and fund community-led carbon removal projects to help fight climate change and remove carbon from the atmosphere. The Carbon Removal cause joins The Chopra Foundation’s mental health and well-being cause, ‘Never Alone’, on EarthFund, with over $116,000 raised for the cause so far.
“We’re all incredibly excited for Dr Tweed to be launching her cause on our platform,” EarthFund CEO Adam Boalt said. “Not only is she going to be conducting research into carbon storage at Cambridge University, but through her cause on the EarthFund platform, she’s also going to be growing a global community that gets rewarded for being the driving force behind finding and funding carbon removal projects around the world.”
The Carbon Removal cause will fund projects that offer real and meaningful action on the rising global temperatures with a special focus on funding nature-based initiatives that reduce the carbon footprint in the short and long term.
“Individual action is crucially important. Recycling, flying less, voting for progressive candidates, and eating less meat... are all great. But to accelerate climate action we need to come together to create scalable models for broader systemic change. This is no secret,” said Dr Tweed on the launch of “Carbon Removal on EarthFund.
Carbon Removal DAO: A collective pull towards fighting climate change
Over the past few years, the world has been working on a common goal to reduce the carbon footprint around the globe. While green technology and reducing the use of fossil fuels are viewed as long-term solutions, Dr Tweed believes nature-based solutions and collaborative efforts toward fighting climate change could lead to the goal faster.
“The problem is that there hasn’t been a tool for collective, meaningful, and coordinated global action until now,” Dr Tweed said. “The Carbon Removal cause is an accessible and inclusive community where people can come together as a collective to support sustainable community-led carbon removal projects and bring about real change.”
The Carbon Removal DAO, led by Dr Lucy Tweed, will be able to raise funds from the community and let the community propose and vote on projects they would wish to see funded. Unlike the current drives towards fighting climate change, which is becoming more about PR than actual action, the DAO will promote community-led causes, which make a real change for humanity. Additionally, Carbon Removal DAO will also ensure that the nature-based initiatives work with the local communities and ecology, offering the best-suited ways to fight climate change without disregarding the local people.
“The Carbon Removal DAO is set up to support communities around the world to reclaim sovereignty of their land by funding nature-based carbon removal projects that put local livelihoods and environmental justice front and centre,” Dr Tweed.
Furthermore, the DAO will aim to help global communities come together to fund various approaches to fighting climate change, including protecting carbon-rich ecosystems, restoring ecosystems, regenerative agriculture, and piloting new approaches to carbon removal.
Following the launch of the Carbon Removal DAO, EarthFund will drop the CarbonCommons tokens to its community members. The holders of the Carbon Commons token can use it to vote on projects and proposals and in turn get rewarded in USDT for participating in governance. However, the token will not be tradable in secondary markets and exchanges, users can swap it for 1Earth (EarthFund’s native token) on their official website.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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