KlimaDAO, Carbon Sourcing

Klimates, we surpassed our loftiest ambitions with our aKLIMA Fair Launch Auction on Copper. We’re now moving forwards at pace, and gearing up for the protocol’s launch in the coming weeks.

The critical next step for KlimaDAO is to ensure that the 220,000 aKLIMA, alKLIMA and KLIMA distributed via the LBP, Crucible Rewards and the IDO are backed at a 1:1 ratio by BCTs in the treasury. Furthermore, KlimaDAO requires sufficient BCT liquidity to be available in the market to enable ecosystem activity and growth right off the bat. To achieve these requirements, we expect around 1,600,000 tonnes of carbon to be brought on-chain in the form of BCTs in the near-term. For context, that’s the equivalent emissions of around 300,000 Westerners, or the emissions 3.8 million barrels of oil… or the emissions of 1.1 million transatlantic flights from New York to London.

Projects that will be onboarded into the ecosystem range from renewable energy projects lighting up rural regions of India, China, and Turkey, to forest protection projects ensuring the world’s most biodiverse hotspots remain safe from destruction.

Below, we outline some of the projects that we will see in the KlimaDAO ecosystem.

Rimba Raya Reserve Project

Bornean Orangutans are one of many endangered species that have refuge within the Rimba Raya Reserve

Pacajai REDD+ Project

Wind Power Project at Jaibhim

According to International Energy Agency data, just 4.23% of India’s total energy supply came from solar and wind in 2018, despite the countries vast solar and wind resource. This demonstrates the critical need to support the scale-up of low carbon technologies across the country.

Fujian Yong’an Improved Forest Management Project

Woodland accounts for 65.95% of the total area within the Fujian Yong’an Improved Forest Management Project.

Next Steps

For now, sit back, and enjoy the regenerative impact our protocol and collective efforts are already having, as we begin the process of internalising the positive impact from these projects into the KlimaDAO Treasury.

To keep up to date on our progress, follow us on Twitter. Or visit our Discord.

Disclaimer

The information provided in this Medium Post pertaining to Klima DAO (“Klima DAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Klima DAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Klima DAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Klima DAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Klima DAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

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