IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB), convened to find innovative solutions that make use of digital tokens to promote biodiversity conservation and favor climate action.
The Digital Tokens for Biodiversity Innovation Call has the collaboration of the Natural Capital Laboratory, the IDB Group’s one-stop shop for promoting financial innovation in natural capital, and with the support of LACChain, the global alliance led by IDB Lab for the blockchain development in Latin America and the Caribbean (LAC).
Digital tokens, crypto assets or purely digital assets can become amplifiers of actions that halt and reverse biodiversity loss and promote nature-friendly solutions.
However, the possibilities of these instruments in this field have hardly been explored globally and minimally in LAC, a region that has 40% of the world’s biological diversity, 30% of the drinking water available on earth and almost 50 % of the world’s tropical forests.
IDB Lab said that it is fully aligned with the drive for actions against climate change established by the IDB Group’s Vision 2025 and that it launched the call to explore the possibilities of digital tokens and directs it to startups, SMEs, foundations, non-profit organizations corporations, universities, think tanks, public innovation agencies, accelerators and other organizations.
