ReFi
= "Regenerative Finance, a novel financial paradigm that integrates the goals of financial returns with a positive impact on social and environmental aspects". [1]
Description
Joshua Davila:
"I think there’s a way to look at it very pessimistically and a way to look at it optimistically. For example, regenerative finance (ReFi) it’s generally more focused on finance as climate activism. It is not per se a new thing, but it is fairly new to the crypto world. It first started off really as: let’s tokenize carbon credits. They want to make carbon credit markets available to more people rather than just to corporations and their corporate responsibility, and then try to make it more of a market in order for people to drive up the prices of carbon and to make it profitable to do good. There is a certain amount of neoliberal ideology embedded in some of this that needs to be questioned, but there it has at least brought in a lot of people who are well meaning.
Since then, they are moving on to trying to do different things besides that. Some people who were involved in the beginning, realized it’s a little bit of a farce and they need to move on to other things that have been more interesting experimentations. Things that are perhaps more localized and looking at the difficulties with climate finance, which in many ways do come from regulation and basically using the technology to get around that. States are not really doing nearly enough to fight climate disaster, and so I can sympathize with the position that we need to do something now whether the law or regulations agree with that being done. If you can do it through technological means, why not just go for it?"
(https://networkcultures.org/moneylab/2024/04/10/you-shall-speculate-we-shall-coordinate/)