Inspired by Kim Stanley Robinson's novel "The Ministry for the Future". In it, carbon capture is incentived by a blockchain currency that is awarded for removing carbon capture. This currency was managed and awarded by the UN.
This market resolves Yes if a coin is implemented and guaranteed by an international or state governance by 2040, and the coin garners over ten billion USD (or the equivalent) in investment. While the UN is the obvious international governance, I will also consider agreements made by international bodies such as the OECD or the African Union.
There is still a potential for a coin to be implemented for the purposes of "greenwashing". I can imagine a petrostate creating such a coin that has dubious ties to actual carbon removal. As such, for this market to resolve Yes, I will need to be able to find several credible, third party sources that indicate the coin's minting is indeed tied to carbon removal.
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A cryptocurrency, crypto-currency, or crypto[a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.[2]
I don't see how a cryptocurrency can bed tied to CO2 capture and storage without relying on some central-ish authority. Would be nice if you clarified whether you use this definition, some other specific one, or just follow whatever the media would call a "cryptocurrency" in 2040?
@a2bb Absolutely, thank you for pointing this out. In the book it's backed by the UN, but I forgot to specify in this market.
The group that inspired the carbon coin in the book has actually moved away from it being a cryptocurrency, and more of a conventional certificate: https://globalcarbonreward.org/
@Thomas42 Thank you for pointing this out. This was part of the book that raised my eyebrows, but that might be my bias since I'm skeptical of crypto. I am excited to read more into this.
Of course there will be a cryptocurrency for this. There's coins for everything.
Will the coin actually serve the intended purpose? Absolutely not. Coins are useful for nothing but fraud because the government won't enforce fraud laws against criminals in the space. Until they do, there is no hope for any coin to achieve a legitimate, legal goal.