Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO

The voluntary carbon market offers a flexible and cost-effective way to reduce greenhouse gas emissions, which has led to increased interest in these markets. Within the decentralized finance ecosystem, Decentralized Autonomous Organizations leverage the tokenization of carbon credits to enhance eff...

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Autores: Ballesteros Rodríguez, Alberto|||0000-0001-6357-8916, Lucio Fernández, Juan José de|||0000-0002-9335-6000, Sicilia Urbán, Miguel Ángel|||0000-0003-3067-4180
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universidad de Alcalá (UAH)
Repositorio:e_Buah Biblioteca Digital Universidad de Alcalá
Idioma:inglés
OAI Identifier:oai:ebuah.uah.es:10017/67738
Acceso en línea:http://hdl.handle.net/10017/67738
https://dx.doi.org/10.3389/fbloc.2024.1474540
Access Level:acceso abierto
Palabra clave:Blockchain
Carbon offset
Carbon credit
Decentralized autonomous organizations
KlimaDAO
Voluntary carbon market
Combustibles Fósiles
Fossil fuels
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spelling Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAOBallesteros Rodríguez, Alberto|||0000-0001-6357-8916Lucio Fernández, Juan José de|||0000-0002-9335-6000Sicilia Urbán, Miguel Ángel|||0000-0003-3067-4180BlockchainCarbon offsetCarbon creditDecentralized autonomous organizationsKlimaDAOVoluntary carbon marketCombustibles FósilesFossil fuelsThe voluntary carbon market offers a flexible and cost-effective way to reduce greenhouse gas emissions, which has led to increased interest in these markets. Within the decentralized finance ecosystem, Decentralized Autonomous Organizations leverage the tokenization of carbon credits to enhance efficiency and transparency. KlimaDAO, established in August 2021, aims to accelerate the adoption of carbon markets by integrating blockchain technology to facilitate transparent, secure, and accessible carbon trading. This study analyzes the evolution of KlimaDAO by evaluating its market capitalization, token prices, staking participation, carbon credit retirements, market participation, and concentration. The analysis reveals that while KlimaDAO initially achieved significant engagement and activity, it now faces challenges associated with market maturity and participant retention. Finally, the study highlights the importance of standardization and regulatory frameworks to enhance interoperability, transparency, and legitimacy within the tokenized carbon market.Comunidad de MadridFrontiers20242024-10-23journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10017/67738https://dx.doi.org/10.3389/fbloc.2024.1474540reponame:e_Buah Biblioteca Digital Universidad de Alcaláinstname:Universidad de Alcalá (UAH)InglésengComunidad de Madrid http://dx.doi.org/10.13039/100012818 Not available EPU-INV%2F2020 ESopen accesshttp://purl.org/coar/access_right/c_abf2Attribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:ebuah.uah.es:10017/677382026-06-18T11:13:07Z
dc.title.none.fl_str_mv Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
title Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
spellingShingle Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
Ballesteros Rodríguez, Alberto|||0000-0001-6357-8916
Blockchain
Carbon offset
Carbon credit
Decentralized autonomous organizations
KlimaDAO
Voluntary carbon market
Combustibles Fósiles
Fossil fuels
title_short Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
title_full Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
title_fullStr Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
title_full_unstemmed Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
title_sort Tokenized carbon credits in voluntary carbon markets: the case of KlimaDAO
dc.creator.none.fl_str_mv Ballesteros Rodríguez, Alberto|||0000-0001-6357-8916
Lucio Fernández, Juan José de|||0000-0002-9335-6000
Sicilia Urbán, Miguel Ángel|||0000-0003-3067-4180
author Ballesteros Rodríguez, Alberto|||0000-0001-6357-8916
author_facet Ballesteros Rodríguez, Alberto|||0000-0001-6357-8916
Lucio Fernández, Juan José de|||0000-0002-9335-6000
Sicilia Urbán, Miguel Ángel|||0000-0003-3067-4180
author_role author
author2 Lucio Fernández, Juan José de|||0000-0002-9335-6000
Sicilia Urbán, Miguel Ángel|||0000-0003-3067-4180
author2_role author
author
dc.subject.none.fl_str_mv Blockchain
Carbon offset
Carbon credit
Decentralized autonomous organizations
KlimaDAO
Voluntary carbon market
Combustibles Fósiles
Fossil fuels
topic Blockchain
Carbon offset
Carbon credit
Decentralized autonomous organizations
KlimaDAO
Voluntary carbon market
Combustibles Fósiles
Fossil fuels
description The voluntary carbon market offers a flexible and cost-effective way to reduce greenhouse gas emissions, which has led to increased interest in these markets. Within the decentralized finance ecosystem, Decentralized Autonomous Organizations leverage the tokenization of carbon credits to enhance efficiency and transparency. KlimaDAO, established in August 2021, aims to accelerate the adoption of carbon markets by integrating blockchain technology to facilitate transparent, secure, and accessible carbon trading. This study analyzes the evolution of KlimaDAO by evaluating its market capitalization, token prices, staking participation, carbon credit retirements, market participation, and concentration. The analysis reveals that while KlimaDAO initially achieved significant engagement and activity, it now faces challenges associated with market maturity and participant retention. Finally, the study highlights the importance of standardization and regulatory frameworks to enhance interoperability, transparency, and legitimacy within the tokenized carbon market.
publishDate 2024
dc.date.none.fl_str_mv 2024
2024-10-23
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10017/67738
https://dx.doi.org/10.3389/fbloc.2024.1474540
url http://hdl.handle.net/10017/67738
https://dx.doi.org/10.3389/fbloc.2024.1474540
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Comunidad de Madrid http://dx.doi.org/10.13039/100012818 Not available EPU-INV%2F2020 ES
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Frontiers
publisher.none.fl_str_mv Frontiers
dc.source.none.fl_str_mv reponame:e_Buah Biblioteca Digital Universidad de Alcalá
instname:Universidad de Alcalá (UAH)
instname_str Universidad de Alcalá (UAH)
reponame_str e_Buah Biblioteca Digital Universidad de Alcalá
collection e_Buah Biblioteca Digital Universidad de Alcalá
repository.name.fl_str_mv
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