Happy Friday founders, investors, and generally passionate humans.
Here’s your brief weekly news at this fascinating intersection:
Ecosystem News 🚀
🔆 With its blockchain energy trading & micro-payments platform, Cenfura won a Nigerian government contract to deploy 5 million solar power connections.
🇮🇳 The winner of Capgemini’s India Tech Challenge won for its use of ethereum smart contracts to “capture the weights of glass, plastics, and other metals” across points of the supply chain.
🌲 ClimateTrade, a marketplace leveraging blockchain that offset 2 million tons of CO2 in 2021, raised $7M and is raising another $13M to expand in Europe, Asia, and the USA.
🏔️ Gregory Landua is helping raise capital for the Regen Network and Cosmos Ecosystem fund. They have 10 million secured, 22 million in commits, and are raising a total of 30-50 million.
I have no financial stake in this fund or Regen Network — just interest in their fund’s future & admiration for their thought leadership to-date.
👩💻 Save Planet Earth sold one carbon credit NFT for $70,000, shocking carbon market experts and hopefully allowing them to build an impactful organization.
♻️ Circularise Plastics, a project that traces plastics through supply chains, received €1.5M in funding to collaborate with Porsche, Covestro, and Domo Chemicals.
⚡ LO3 Energy, which offers a blockchain-based microgrid design and management platform, raised an $11M Series B (last March).
Weekend Reading 📚
New to crypto and interested in purchasing some this weekend?
Cody Simms’ helpful guide demystifies that process.
Why do web3 climate companies call themselves Regenerative Finance (/”ReFi”) startups?
Answer: It’s partially based off the general web3 trend of “DeFi.” In addition, it builds on the academic work that proposes shifting capitalism to operate from a base of natural laws & regenerative practices.
One of the regenerative finance pioneers, John Fullerton, explains the quickly growing concept beautifully in this 8-minute video.
UN Statement on How Blockchain Technology Could Boost Climate Action (5-minute read)
Tl;dr: improved markets, fundamental sources of truth for climate data, better energy trading.
How can blockchain solutions prevent fraud in enterprise supply chains? (10-minute read)
This in-depth visual article explores how one enterprise is stopping illegal commodity trading in the $1B illegal python-skin trade.
[thanks to Josh Thompson for the article recommendation!]
Let me know if you have any specific questions about web3*climate. I read every reply.
With love,
Alex Filotimo
Building a web3 investment system for a better climate
P.S. know a specific web climate company Aera Force should meet? Here’s our quick referral form.
This newsletter is intended for educational purposes.