xParametric effectively tackles GHG emissions by promoting climate-positive behaviors through a combination of financial incentives and increased climate awareness. Prediction markets foster climate awareness by actively engaging individuals in predicting climate-related outcomes, which prompts them to stay informed and consider the consequences of their predictions, resulting in increased climate awareness. A recent study by Cerf, Matz, and MacIver (2023), published in Nature Climate Change, confirmed that individuals who participated in climate prediction markets exhibited increased awareness and heightened apprehension about the impacts of global warming.  

Additionally, xParametric lays the groundwork for decentralized climate finance on web3. The protocol's smart contracts enable trustless transactions of tokenized climate risks, setting the stage for new carbon markets, parametric insurance models, and other decentralized apps that can accelerate climate action. As an early mover in blockchain-based climate infrastructure, xParametric can help drive the development of impactful web3 climate solutions. 