Dubai — Polygon, the Ethereum scaling platform onboarding millions to Web3, today announces its “Green Manifesto: A Smart Contract with Planet Earth” — a commitment to go carbon negative in 2022, along with a $20 million pledge to implement a multilayered sustainable development strategy to build a more sustainable future for Polygon, their ecosystem, customers and the planet.
KlimaDAO, in partnership with Offsetra, has provided Polygon with a carbon footprint analysis to help gauge the network’s carbon intensity and, in turn, inform emission management and mitigation strategy.The completed analysis includes emissions from staking node hardware, emissions from the energy consumption of their operations, and emissions from contracts directly interacting with Ethereum Mainnet — checkpointing and bridging activities, in particular.Per the analysis, checkpointing and bridging activities that involve transactions on Ethereum Mainnet are responsible for over 99% of Polygon’s emissions.
This includes funding projects that are utilizing technology to solve or combat climate change.
Polygon was devised to ensure the Ethereum network operates in the most energy-efficient manner possible.
Polygon’s sustainability pledge comes ahead of Ethereum’s transition to PoS, which will reduce the network’s energy consumption by almost 99 percent.
Our outlined measures may eliminate the emissions of the Polygon ecosystem, but that’s not enough to effect the kind of change needed to combat the climate crisis at scale.
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