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Klima DAO: a crypto answer to carbon markets

Author

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  • Michal Jirásek

    (Masaryk University)

Abstract

Tackling major societal challenges often requires a significant level of organizational novelty. One such recent example is Klima DAO, a decentralized autonomous organization (DAO) that seeks to transform voluntary markets through the adoption of carbon credits. DAOs rely on self-executing rules and have a high level of decentralization. By leveraging blockchain and related technologies, Klima DAO offers innovative solutions to universal problems of organizing in both its governance and product delivery. Blockchain tools enable Klima DAO to operate uniquely, allowing for rapid scaling while maintaining decentralized governance and promoting transparent carbon credit trading with low transaction fees. As such, Klima DAO may serve as a model for future organizations in search of greater transparency and flatter governance structures.

Suggested Citation

  • Michal Jirásek, 2023. "Klima DAO: a crypto answer to carbon markets," Journal of Organization Design, Springer;Organizational Design Community, vol. 12(4), pages 271-283, December.
    • Handle: RePEc:spr:jorgde:v:12:y:2023:i:4:d:10.1007_s41469-023-00146-w
    DOI: 10.1007/s41469-023-00146-w
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    References listed on IDEAS

    as
    1. World Bank, "undated". "State and Trends of Carbon Pricing 2022," World Bank Publications - Reports 37455, The World Bank Group.
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    More about this item

    Keywords

    DAO; Decentralized autonomous organization; Carbon credits; Voluntary carbon market; Case study; Organization design;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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