Alliance of major firms aims to reduce crypto's carbon footprint
One of the group's long-term goals involves transitioning all of the world’s blockchains to 100% renewable energy by 2025. A group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency.In an announcement today, the Crypto Climate Accord — reportedly inspired by the 195-signatory Paris Climate Agreement — said it aims to address the "large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use." Launched by....
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“Combine a digital asset with a rainforest carbon offset and give everyone in the world access." An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute. According to a Dec. 1 announcement, the Universal Protocol Alliance, or UPA, has launched a tradable carbon token on a public blockchain. The UPA stated that crypto users can “burn” the Universal Carbon token, UPCO2, to offset their carbon footprint. However, they also have the choice of holding the tokens, or trading them like any other digital asset using....
My Clean Sky, an innovative company out of Australia led by CEO Guy Lane, allows users around the world to offset their carbon emissions. Every time you drive or take a plane from point A to point B, you are creating excess carbon and contributing to global warming. In fact, every minute your computer runs, every time you download the blockchain: Carbon is emitted. Most of us have accepted this fact and don't think twice about it because not using cars, planes, or computers is not a possibility. For those whom would still like to quiet their burning conscious, My Clean Sky provides an....
The Carbon Removal cause will fund community-focused projects that are helping fight climate change and reduce the global carbon footprint. EarthFund launches the Carbon Removal DAO, led by Dr Lucy Tweed. The fund aims to fund community-led projects focused on fighting climate change. The community will receive the CarbonCommons tokens to vote on their favourite […]
The VeChain Foundation recently revealed a new tool that will be used to speed and improve efforts to reduce carbon emissions. This has become a major challenge in China, as the Asian giant prioritizes the reduction of its atmospheric pollution to 0 in the next decades. Called Digital Carbon Footprint SaaS Service, this VeChain-based tool is designed to help companies to change their carbon footprint by improving their data management practices, according to an official post. The Foundation claims that their new tool has combined decentralized ledger technology with a SaaS (Software as a....
PRESS RELEASE. February 2022: Leading Crypto service comparison site Cryptowisser, announces its Crypto Carbon Footprint list. The list ranks how sustainable the top 100 cryptocurrencies are and is based on the research of a Swedish team of sustainability experts. The list ranks each coin of how a typical transaction affects the environment through its carbon footprint. The list uses a color scheme to display different levels of energy efficiency and carbon footprint, with dark green being the cleanest by carbon neutral or negative, and medium green being equivalent to a VISA transaction.....