I chanced upon Moss Earth few months back when I was doing research on Klima and carbon credits, and the way I understand the project, Moss Earth fulfills two main roles:
1) Acting as a 3rd party intermediary to connect projects that produce carbon credits to buyers who require these credits to offset their emissions. By tokenizing the carbon credits on the blockchain, Moss Earth makes the transaction process more transparent and prevents double-counting. The price of MC02 also allows for price discovery of the price of 1 tonne of carbon credit, which is almost 30% higher than BCT.
NB:
Just purely looking at the type of credits that are onboarded via both Toucan and Moss, I personally feel that part of the reason why the price of MCO2 is higher than BCT is due to the quality of the environmental projects that the respective carbon credits stem from. For MCO2, they selectively obtain carbon credits from preservation, reforestation and carbon sequestration projects. For BCT, the only gateway requirement is Verra certification of 2008 vintage and above, ie. Non-selective and pretty much the lowest class of carbon credits out there.
2) By linking up with other projects / businesses that utilize MCO2, Moss effectively creates a secondary market for carbon credits, whereby the credits could go to consumers who want to offset their carbon footprint, or to non-business entities who would like to do their part for the world by buying up the credits, and in so doing, hopefully drive up the price of carbon and incentivize polluters to look to other ways to reduce emissions.
While I’m not sure how creating a MCO2/Klima liquidity pool helps create more demand for either, I do believe in the vision of both projects, and that the inclusion of MCO2 in Klima DAO’s treasury will make the backing of Klima more robust, hence I will be voting yes.