EarthFund launches Carbon Removal Cause, expands efforts on eco-friendly blockchain

A new organization will change the narrative of how industrial giants contribute to addressing climate issues. Blockchain will help switch from greenwashing to true environmental friendliness and carbon neutrality.

Carbon Removal DAO goes live to leverage blockchain to fight climate change

According to the official announcement shared by the EarthFund crowdfunding platform, it is ready to introduce the Carbon Removal Cause in the form of a Decentralized Autonomous Organization (DAO).

Thank you EarthFund DAO for voting to accept the Carbon Removal DAO on the platform!

🎉🥳 We are more than happy to start this adventure with you all.#DAO #Removal of carbon #ClimateJustice pic.twitter.com/JUYxkF9Dtw

— Carbon Removal DAO (@CDR_DAO) 18 July 2022

Carbon removal DAO’s progress will be led by Dr. Lucy Tweed, Columbia University alumna and Assistant Climate Scientist at Cambridge University.

The new project will support local communities around the world in their efforts to finance carbon-neutral and carbon-negative initiatives in various regions of the globe.

Dr Lucy Tweed highlights that first-generation business-curated climate change initiatives are no longer enough to meet sustainable growth targets:

Individual action is crucially important. Recycling, flying less, voting for progressive candidates, eating less meat… are all good. But to accelerate climate action, we need to come together to create scalable models for broader systemic change. This is no secret. The problem is that it has not been a tool for collective, meaningful and coordinated global action until now. The Carbon Removal Case 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.

CarbonCommons tokens will be distributed on July 27th

EarthFund CEO Adam Boalt is excited about the launch of the new DAO as it is a major milestone for his platform and all green blockchain startups:

We are all incredibly excited for Dr Tweed to launch her case on our platform. Not only will she be researching carbon storage at Cambridge University, but through her cause on the EarthFund platform, she will also develop a global community that will be rewarded for being the driving force behind finding and funding carbon removal projects around the world. This is what we built EarthFund for – to give ordinary people the tools they need to effect real change on a global scale. We look forward to seeing what the Carbon Removal DAO achieves.

To introduce the new instrument to a large blockchain audience, EarthFund will send the CarbonCommons tokens to its early enthusiasts and supporters. These tokens will not be listed on exchanges; at the same time, CarbonCommons tokens can be exchanged for 1Earth, EarthFund’s core native tool and governance resource.

CarbonCommons token holders will be available to vote on EarthFund’s referendums and receive rewards in US Dollar Tether (USDT), the largest stablecoin.