Currencies backed by nature

Suggested by Monty Bryant over 4 years ago

"The original idea for natural capital backed currencies comes from Charles Eisenstein in his beautiful book Sacred Economics . Here, he observes that whatever backs money, people tend to make more of. When gold backed money, there was an intense incentive to mine gold, because it was, effectively, printing money. In older cultures where cattle backed money, there was a similar overproduction of cattle.

So why not, he proposed, back money with things that we want to see more of – pristine forests, clean rivers, etc.

This is a powerful idea. If, as a society, we were to denominate our economic activity in natural capital backed currencies, any economic growth – any increase in money in circulation, would lead to a growth in preserved natural resources."

https://forum.celo.org/t/celo-and-regenerative-finance/1447

Experiments are starting to happen in the emerging Regenerative Finance (ReFi) space such as Celo's stablecoins. In light of the recent LUNA disaster, how we gain more support for nature backed money?