Web3 Could Revolutionize Climate Finance

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Can Web3 revolutionize climate finance? Grassroots crypto initiatives might be the key to closing the climate funding gap Intent, Capital Group founder Elizabeth Tan writes. An opinion:

Elizabeth Tan is the founder of Intent Capital Group, a financial services firm focused on impact investing, development financing and green funds. She is also the founder and managing partner of Intent Fund, and a Web3 investor and strategy adviser.

The good news is that Web3 can help close the funding gap – and may even allow citizen activists to wrest control of climate finance away from governments and institutions. It can get trillions in retail capital into the space, incentivize a new generation of climate projects and give developing countries alternative funding options.A major part of the problem is that climate finance has long been the domain of governments and institutional investors.

 

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