"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," Dr Lucy Tweed, who received her PhD from Columbia University for research into carbon removal and is starting a new role as an associate climate researcher at Cambridge University said following the launch of the Carbon Removal DAO on EarthFund this Tuesday.
To this end, EarthFund, a first-of-its-kind crypto-native crowdfunding platform for green and human well-being projects, has announced the launch of its latest DAO, Carbon Removal, led by Dr Lucy Tweed, which aims to find and fund community-led carbon removal projects to help fight climate change. The DAO will fund environmental-focused projects that push for meaningful action on climate change.
"The problem is that there hasn't been a tool for collective, meaningful, and coordinated global action until now," Dr Lucy Tweed added. "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."
Despite the world moving towards a more green economy and less carbon-focused fossil products, we are still years from achieving the goal of reducing the world's carbon footprint. Carbon Removal DAO aims to change this by supporting nature-based solutions and natural systems that enhance the uptake of CO2 by protecting and restoring carbon-rich ecosystems including forests, peatlands, salt marshes, mangroves, and seagrass beds.
In the Carbon Removal DAO, a global community can come together to find projects, accept crypto donations, and vote on which carbon-removing projects around the world get the funding they need to make a difference. The DAO will support projects that are community-focused and community-led ensuring a collaborative effort between the local people and the organization to protect local ecology while fighting climate change. According to a statement from the team, the DAO will "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."
"This is what we built EarthFund for — to give ordinary people the tools they need to bring about real change on a global scale. We can't wait to see what the Carbon Removal DAO achieves," EarthFund CEO Adam Boalt said.
Additionally, the Carbon Removal DAO will focus on funding various approaches that reduce the global carbon footprint and help fight climate change. Some of the proposals already in the works include protecting carbon-rich ecosystems, restoring ecosystems, regenerative agriculture, and piloting new approaches to carbon removal.
Finally, EarthFund has also announced the launch of the CarbonCommons tokens to its community members. The token holds utility within the Carbon Removal DAO allowing users to vote on proposals, win rewards, including $USDT, for participating in the DAO's goals, and exclusive access to a Discord channel with Dr Lucy Tweed and other climate activists, scientists, and environmental advocates. The token will not be available for trading on secondary platforms and exchanges but users can swap them for EarthFund's utility token, the $1Earth token.
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