The carbon market

in klimadao •  3 years ago 

One of my favorite rebase-tokens is KlimaDAO. It has had a terrible curve when it comes to price, but that doesn't mean that I do not like the protocol or what it wants to achieve. In fact, I truly enjoy seeing that the team is working extremely hard on the improvements of the protocol and the actual work that it is all about, buying carbon credits, which again will increase the price of carbon credits on the market, which will make it better for industries and companies to go green, instead of just buying cheap carbon credits in order to let out even more carbon that is bad for the environment.

Would you like to understand what this is all about? Take a look at the following video and you will understand it.

The great thing is that if you watch this and keep KlimaDAO in your mind, then you will understand that KlimaDAO is actual buying those allowances from the market, and thus, the price per allowance will increase, making it more expensive for companies with lots of carbon garbage to just buy extra allowances in order to have a "good" consciousness. More is needed. And when companies will discover this, they will most likely consider going green, that is to buy and use renewable energy, and to start production in a way that is better for the earth and the for the climate and for the nature.

You can read more about KlimaDAO in the following article: https://www.ipaddressguide.org/klima-dao-should-i-buy-is-it-worth-it-a-few-thoughts-worth-reading-before-you-progress/

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