Emerging and developing countries, especially in remote locations, are most affected by environmental degradation and climate change. However, they often lack the resources to take meaningful action, making them entirely dependent on the decisions of other countries.

It is estimated that an annual investment of $5 trillion is needed to combat climate change. Of this figure, emerging and developing countries (EMDEs) need $2 trillion annually, a fivefold increase from 2020 (IMF, 2023).

Without the right infrastructure to coordinate such significant budgets, it's unlikely that EMDEs will be able to attract $2 trillion annually and take the required actions.

Local NGOs, businesses, and individuals in these EMDEs must be included in the solution to increase the socioeconomic support base for such action. Kolektivo allows local stakeholders to leverage their positive impact to start local impact-driven economies that regenerate communities and nature.

Progress since GG21

• Made significant progress with our Web Application. About to start internal UX testing with the aim to finalize development by end of October.
• Hosted three climate action days with Wa Samaki to test our Mobile Application.
• Added additional features to our Mobile Application.
• Started researching and testing an Optimistic impact measurement approach using Hypercerts.

Kolektivo combines a web platform for stakeholders and a mobile app for individuals to create local impact economies based on the positive impact created.

By making the impact created more visible and streamlining the coordination of resources between stakeholders through our platform, we encourage local development. Due to the community currency created in our platform and the ability for users to earn skill badges, the pilot also supports capacity building and financial inclusion.

Impact partners and local businesses can support a local Kolektivo community and, in exchange, receive a visual claim on the impact created by a specific project or niche. The positive PR effects are more significant when supporting local ESG initiatives.

Our primary users are NGO managers who request community currency budgets from the local community to organize impact activities. Users earn community currencies, which they can spend at impact partners and skill points to participate in these activities.