SBax_Regen
I appreciate your thorough reply to this proposal and have provided my thoughts below - I think you bring up some interesting questions about the role of KlimaDAO, bridge entities, and other actors in the space.
• TIMING of this proposal:
-Klima has been in internal discussions with MOSS to learn more about their platform, as have members of Toucan, for months now. I’d remind you that Klima has advisors who are members of BICOWG, and we certainly do not need to run policy decisions by a third party industry body whose job is to be impartial. Moss’s post is for discussion purposes, and that’s precisely what is happening right now.
• LACK OF COMMUNITY CO-DEVELOPMENT:
-Again, this is a KlimaDAO decision, not a BICOWG decision. There are carbon market experts within KlimaDAO’s core team and countless others who are active in the community. Everyone is open to share their perspectives on this forum and I do not believe one specific group holds agency over others in the community, and certainly not the DAO itself.
• COMMUNITY VALUES & DECENTRALIZED FINANCE:
“Should the first new carbon asset included in the klima treasury be moss? Is there a risk to adopting a heavily VC-funded, centralized exchange traded asset as the first expansion of the Klima treasury?”
-This is a very curious point, given that KlimaDAO itself has received VC funding, as have many carbon market entities who have utilized Toucan’s bridge. Are you concerned with VC funding in the carbon market space in general? My understanding is that Toucan themselves are pursuing VC funding – does this change your calculus of their ‘web 3 values’?
-The climate space is seeing a surge of VC capital due to an awakening on the importance of the the work happening here - as well as various macro factors which make companies operating in the space quite attractive investment opportunities (e.g. the general bullishness of the VCM and compliance markets).
• CLIMATE EXPERT OPINIONS:
-KlimaDAO is fortunate to have attracted many individuals with deep carbon market experience to our team and community. This ranges from project development & financing, corporate climate strategy development, and voluntary and compliance market trading. I’d expect each of them to weigh in on this discussion and share their perspectives. I don’t see a need to call into question this community’s ability to analyze this opportunity and move forward in a way that is most advantageous to KlimaDAO and our vision.
• RISKS TO THE LEGITIMACY OF THE KLIMA PROTOCOL:
-“Are moss assets the same quality, or lower or higher, than assets already in the treasury?”
I know you know the answer to this question but I don’t want to automatically assume you’re doing this just to cause FUD. Perhaps you can elaborate on your understanding of BCTs composition and that presented by MOSS so that I and/or MOSS can better respond to your concern.
• UNCLEAR VALUE TO KLIMA HOLDERS:
-Please see my first post in this thread.
• UNCLEAR ROLES BETWEEN MOSS TOKEN AND BCT AND TCo2:
-This is a question for Klima’s policy team to model and handle. These discussions are on-going and will certainly be shared with the community prior to any vote if this becomes an official proposal.
• CAN WE LEARN MORE ABOUT MOSS:
-I expect the MOSS team will be happy to answer additional questions about their organization and host an AMA with the KlimaDAO community – we’d expect nothing less!
• CAN WE LEARN MORE ABOUT THESE TOKENIZED CREDITS - MOSS TOKEN?:
-I provided Verra registry links to each of their projects in my first reply. The question we need to ask ourselves is to what extent bridge entities are responsible for due diligence. Do you expect Toucan and all future bridges to conduct in-depth due diligence on every project they allow in? Or, are we comfortable allowing the carbon market experts, certification bodies, VVBs, etc, make those decisions? Considering future bridge plans which have only methodological and vintage requirements for their new pools, I’ll make a confident assumption that the quality of MOSS’s smaller, curated pool, would on average be higher. Consider that Pachama offers e.g. the Agrocortex project (meaning that this project also went through their satellite analysis program).
-Current bridge designs focus on bandwidth rather than curation. To a certain extent we need to trust that the existing quality management practices in the VCM are adequate. We could ask ourselves, for example, how the level of scrutiny differs between a VCS + CCB credit compared to an alternative certification standard, like Plan Vivo.
• CAN I GET A KLIMA ROADMAP?:
-Absolutely, and an updated vision document with accompanying roadmap will be released by mid January. Until then, I’d encourage you to review our early Medium posts which provide context for our mission.