Carbon Registry and Tokenization: With an ever-increasing demand for carbon offsets, climate experts have expressed concerns regarding the legitimacy and veracity of the growing numbers of carbon credits making their way into this marketplace. Change Code has the privilege of working with two climate-science-first registries who have each developed several rigorous CO2 nature-based sequestration methodologies. While these innovative projects are non-profits comprised of climate scientists, they do not themselves have the expertise necessary to build or maintain the registry infrastructure necessary to support their own goals around scale and verifiability. This is why they are working with Change Code. By using our primitives to issue web3 native carbon credits, their assets can command a higher market value, contributing to more competition and price discovery in abatement and avoidance assets. Beyond this, we are also co-developing, together with a net zero real estate platform, an open-source primitive for a carbon asset-backed security that will better incentivize the use of timber and other climate-smart construction materials for construction companies and real estate developers. 

Other climate impact areas: As of July 2024, Change Code is currently working with 4 projects focused on different areas of environmental impact: abovementioned solar microgrid-facilitated small business and agro development project in Tanzania, in partnership with the Solar Foundation (100% of GG21 funds will go to this specific project summarized above in the “Project Description section”); a small-scale solar development project for electrification of a remote region of Nigeria (Tech and Sun); a water filtration and provision social enterprise in 7 countries across east Africa (Jibu, link in question 8); and a coral reef restoration initiative in Belize (Healthy Reefs, Healthy People). For each of these organizations, Change Code's platform helps them to determine the impact metrics and reporting standards necessary to architect the best possible token representation of their impact. Utilizing our user-friendly Change Credit (impact token) minter, they then immutably record and verify their unique positive impact. These minted tokens represent the tangible impact outputs and outcomes that their organizations have produced, attested to on-chain in a secure and reliable manner.