In an effort to make the environment more friendly Ethereum ETH/USDLayer 2 scaling solution Polygon MATIC/USD pledged $20 million to fully offset the impact of its carbon footprints in 2022 as a part of its “Green Manifesto.”
The company stated that it will purchase $400,000 worth high-quality, traceable blockchain technology and MCO2 Carbon credits, which is equivalent to approximately 90,000 tons CO2 emissions. It will then selectively retire the offsets in the carbon token pool that meet the highest standards of additionality or positive environmental impact.
Polygon will also work with KlimaDAO, a collective of entrepreneurs, environmentalists, and developers to purchase the credits via Klima Infinity’s carbon market, KlimaInfinity, and then retire them using its offset-aggregator decentralized application.
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“Polygon and other blockchain companies need to come together to support, fund, and leverage technology that heals the earth, not destroys it,” said Sandeep NailwalPolygon co-founder,.
“The goal going forward” [to] have Polygon as Carbon Negative,” Nailwal added in a tweet.
KilmaDAO can also analyze the energy footprint for Polygon network and help with its emission management and mitigation strategy.
Apex cryptocurrency Bitcoin BTC/USDEnvironmentalists are becoming more concerned about the mining process’s use of large amounts energy.
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Photo by Polygon
