♻️ The Regen Network
If you haven’t here is what you should know:
◉ Peer to Peer
The aim of the Network is to facilitate the financing of regenerative practices via a peer to peer marketplace.
On one side of the marketplace are the Marketers - The Land Stewards and/ or Project Developers (and possibly MRV). On the other side of the market are the Buyers, such as Microsoft above.
The marketplace model aims to shorten the loop between the buyers and sellers and ultimately reward those doing and verifying the work.
◉ Standards - The Regen Registry accepts methodology from numerous providers:
Methodologies covered include:
- Gold Standard
- American Carbon Registry
- Climate Action Reserve
- Australian Emission Reduction Fund - Carbon Farming Initiative
- Social Carbon Registry
- Plan Vivo Registry
- Verified Carbon Standard (VCS) Registry
- Climate, Carbon, & Biodiversity Standards (CCBS) Registry
This way, the protocol can start to develop consistency and standards over time and allow anyone to access it.
◉ It’s not all about outcome credits. Regen Network wants to facilitate and monetise practice change and other ecosystem benefits and be the default home for these.
10,000 Foot view: Currently, it claims to have over 40 various projects working on its platform to develop ReFi solutions for blue carbon, agroforestry, soil carbon, and reforestation.
Selling data to the scientific or carbon buyer community on alternative practices to refine verification models is one way to monetise these ‘fringe’ projects.
In addition, these practice changes can incentivise other ecosystem benefits, such as reducing flood risk (relevant to insurance for example) or reducing nitrogen run off.
are a fascinating example of a climate fintech who have stepped into the gap to finance regenerative practices, using the Regen Network.
They claim to have developed satellite based AI models by auditing over 13m hectares of forestry globally and currently finance up to 100m hectares based on these models. The satellite data can automatically generate credits based on their perceived quality and can be staked by users in order to qualify for an audit system and transferred to a formal outcome based credit later.
This is equivalent to AI models being used in the Credit Score examples above, with the added benefit of monetisation for those that generate the ecological data.
I feel this is just getting started as they are also currently testing a Green Bond structure on the Regen Network which may go live this year. This would help formalise the financial structures, although I expect these flows to be minimal at first.
And if that is not enough, Earthbanc are also taking an API first approach.
I can’t do Earthbanc all the justice it needs, but you can read more here in Marianne’s Green Techpreneur Newsletter
and also a link below in the News section.