Signed by René Reinsberg, co-founder and president of the Celo Foundation
As many of you already know, the Zeal network it launched to coincide with Earth Day two years ago. It was not a coincidence, but a clear commitment to the importance of designing a financial system that aims to regenerate our planet.
From the first draft of protocol de Celo in 2017, the concept of currencies backed by natural capital, inspired by the philosophy of Charles Eisenstein in Sacred Economics, has been our fundamental base. At that time, the idea of designing and issuing digital currencies on a sustainable blockchain and creating a market blockchain liquid for natural actives sounded very radical. When the network was launched, the community began to consider incorporating natural assets, such as rainforests, into the blockchain in a meaningful way. The Climate Collective Zeal (Celo Climate Collective), launched last year, was born from this idea, and today is a set of Web3 projects, organizations, advisors, and advocates aligned with this idea, working to try to reverse climate change by accelerating ecosystem efforts by bringing natural assets to Heat Reserve.
Over the past year, thanks to working hand-in-hand with some of our amazing partners, including Toucan, Flow Carbon Y Mossleaders in incorporating carbon offsets and natural assets into the blockchainit has become clear that we will soon be able to realize that great vision of a rich and regenerative financial system based on natural assets.
In my opinion, Earth Day 2022 marks the birth of a new economy: the regenerative economy. We have been talking about Regenerative Finance (ReFi, or regenerative finances) for some time now, but this term is today more necessary and imminent than ever.
ReFi, the awakening of a trillion dollar economy
Carbon offsets – the tip of the ReFi iceberg – already represent a billion dollar market and according to our forecasts, demand will increase from an accumulated 1.7bn tonnes over the last 16 years to between 1.1bn and 3.6bn tonnes per year by 2050. At current prices, this would be worth billions of dollars. We will certainly see a new type of trillions of dollar assets emerge by adding blockchain applications such as NFT either stablecoins de Celo, which are backed in part by natural capital assets.
The ReFi movement can create the profound systemic change needed not only to reverse the climate crisis and restore the health of the planet, but also to greatly improve the health of our communities and empower people.
In the conference Zeal Connect, held recently, brought together some of the entrepreneurs who work on the development of the foundations and applications of this new regenerative economy. It was rewarding in many ways, because it showed us the value of collaboration and that we need to meet more frequently and with clear objectives. We have to take advantage of the opportunities to design in the open and enrich ourselves through collaboration. If you are interested you can join our Weekly group calls on Discord and our monthly meeting Kuneco.
We have grown considerably in two years, but one thing remains the same: the Celo community is made up of the most talented, inspiring and committed human beings I have ever met. I am honored to build alongside you and have never felt more optimistic about our community than I do today.
PS: If you plan to attend EthCC in Paris, feel free to contact us about programming and sponsorship opportunities at the Celo Salon.
Co-founder and president of the Celo Foundation