Greenade - ReFi Data Dao
Greenade, offers a way to participate in the energy transition by issuing digital renewable energy certificates (dRECs) that represent the environmental benefits of green megawatt-hours.
Demo
About
The problem it solves To achieve net-zero emissions by 2050, it is necessary to increase annual investment in clean energy in emerging and developing economies by over seven times, from less than US $150 billion in 2020 to more than US $1 trillion per year by 2030. However, these markets require access to financing and expertise to construct their energy systems in a sustainable manner. It is crucial to keep financing costs low, particularly for financially constrained countries, enabling them to make long-term investments. Upfront capital costs for renewables can be up to 60% higher than those for coal, which often favors the incumbents. Therefore, it is essential to mobilize capital markets to assist emerging economies in overcoming historical financing challenges.
How it's made
Challenges we ran into Building a DataDAO on filecoin for the first time was challenging and fun. We learnt how to build and use Zondax's API to help maintain the data DAO.