Unnatural Causes: Cryptocurrencies, Carbon Credits, and the rise of Neoliberalism from Below
不自然な原因：暗号通貨、炭素クレジット、そしてボトムアップの新自由主義の台頭 (AI 翻訳)
Riccardo De Cristano, Alexander Paulsson
🤖 gxceed AI 要約
日本語
この論文は、KlimaDAOというカーボン・バックの暗号通貨プロジェクトの台頭と衰退を、2年間のデジタルエスノグラフィーを通じて分析する。KlimaDAOは2021年に大量の炭素クレジットを蓄積したが、その後価格が急落した。著者らは、このプロジェクトが新自由主義的論理に駆動された投機的推論に依存していたと指摘し、グリーンファイナンスの政治性や気候変動対策の方向性に批判的な洞察を提供する。
English
This paper analyzes the rise and fall of KlimaDAO, a carbon-backed cryptocurrency, through a two-year digital ethnography. KlimaDAO amassed significant carbon credits in 2021 but its token price crashed by 2023. The authors argue the project relied on speculative reasoning driven by neoliberal logic, offering critical insights into the politics of green finance and how climate mitigation can attract blockchain enthusiasts rather than effectively addressing climate change.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、カーボンクレジット市場がJ-クレジット制度などを通じて発展しているが、ブロックチェーン技術との連携はまだ限定的。本研究は、暗号通貨とカーボンクレジットの融合のリスクと限界を示しており、日本のGX政策やカーボン市場設計において、実効性を重視する上での教訓となる可能性がある。
In the global GX context
Globally, the intersection of carbon credits and cryptocurrencies has been touted as a democratizing force in climate finance. This paper provides a critical counterpoint, highlighting the speculative and neoliberal underpinnings of such projects. It contributes to the broader debate on the effectiveness and integrity of voluntary carbon markets and digital climate solutions, relevant for discussions on greenwashing and market governance.
👥 読者別の含意
🔬研究者:Critical perspective on the intersection of carbon markets and cryptocurrencies, revealing underlying neoliberal logics.
🏛政策担当者:Should consider risks of speculative dynamics when integrating blockchain into carbon markets.
📄 Abstract（原文）
ABSTRACT Klima is a carbon‐backed cryptocurrency running as a decentralized autonomous organization (DAO). In 2021, it had accumulated 9 million metric tons of digital carbon credits and reached a market value of more than US$1 billion. In 2023, its treasury stored twice as many carbon credits, but its spot price was a tiny fraction compared to 2021. Building on prior scholarship at the intersection of carbon markets and cryptocurrencies, we probe the devices employed by Klima during its rise and fall and how this cryptocurrency also sought to create its own carbon market. Unlike earlier studies of carbon markets and cryptocurrencies, we explore KlimaDAO's internal dynamics as it tried to create a new connection to existing carbon markets through a two‐year‐long digital ethnography, showing how the project and its investors embraced speculative reasoning fueled by what we term a neoliberal logic. This rhetoric sustained the project's growth and exacerbated the losses. Finally, we recognize it as the main driver of KlimaDAO's viability. Our conclusions speak to the broader critical debates about the politics of green finance and how climate mitigation has emerged as a vector to attract small investors and blockchain enthusiasts rather than impacting climate change.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/sea2.70041first seen 2026-05-05 19:14:03
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