Blockchain and regenerative finance: charting a path toward regeneration

Frontiers in Blockchain

Blockchain

Angel Hsu¹  Marco Schletz²  Roman Beck³  Simon Schillebeeckx⁴  Martin Wainstein⁵  Axel Constant⁶ 

[1] Department of Public Policy, University of North Carolina at Chapel Hill, Chapel Hill, NC, United States;Department of Public Policy, University of North Carolina at Chapel Hill, Chapel Hill, NC, United States;Open Earth Foundation, Marina del Rey, CA, United States;European Blockchain Center, IT University of Copenhagen, Copenhagen, Denmark;Lee Kong Chian School of Business, Singapore Management University, Singapore, Singapore;Open Earth Foundation, Marina del Rey, CA, United States;Open Earth Foundation, Marina del Rey, CA, United States;Department of Engineering and Design, The University of Sussex, Brighton, United Kingdom;

关键词: blockchain technology;    climate change;    decentralized governance;    distributed ledger technology;    common pool resources;    polycentricity;    climate accounting;   

DOI  :  10.3389/fbloc.2023.1165133

 received in 2023-02-13, accepted in 2023-06-19,  发布年份 2023

来源: Frontiers

【 摘 要 】

The Regenerative Finance (ReFi) movement aims to fundamentally transform the governance of global common pool resources (CPRs), such as the atmosphere, which are being degraded despite international efforts. The ReFi movement seeks to achieve this by utilizing digital monitoring, reporting, and verification (D-MRV); tokenization of assets; and decentralized governance approaches. However, there is currently a lack of a clear path forward to create and implement models that actually drive the “Re-” in ReFi beyond perpetuating the existing extractive economics and toward actual regeneration. In addition, ReFi suffers from growing pains, lacking a common interoperability framework and definition for determining what a ReFi project is and how the individual components align toward the grand ambition. This paper provides a definition of the ReFi stack of interconnected components and examines how it can address limitations in climate change accounting, finance and markets, and governance. The authors also examine the theory of regenerative economics and CPRs to encourage further discussions and advancements in the ReFi space. The crucial question remains if and how ReFi can drive a change in paradigm toward the effective regeneration of global CPRs.

【 授权许可】

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Copyright © 2023 Schletz, Constant, Hsu, Schillebeeckx, Beck and Wainstein.