Polygon is Going Carbon-Negative in 2022
Polygon plans to become carbon-neutral in 2022 and is taking a proactive approach to the issue. As a result, it has set aside a massive $20 million war chest to secure carbon neutrality on its platform.
The "Green Manifesto: A Smart Contract with Planet Earth" was recently released by Polygon. It's a commendable effort to be responsible for the energy consumed on its blockchain. Decentralized climate activists KlimaDAO will assist them along the way by doing an in-depth analysis to evaluate the environmental impact of each and every transaction on the network. They will then deliver realistic, on-chain solutions to the problem, in collaboration with Offsetra.
“Climate change enters the stage as a powerful non-human actor that threatens to exacerbate all the existing injustices and introduce new ones. If we are serious about changing the world for the better, that’s something we simply cannot ignore,” said Polygon Executives.
Polygon has commissioned a second assessment of its emissions to guarantee the accuracy of its data. Thus, the Crypto Carbon Rating Institute will undertake its own investigation and report back to Polygon with its findings.
Polygon has purchased $400k in carbon credits as part of the commitment to offset its own emissions. However, it will utilize its $20 million in the future to fund ecologically friendly practices within WEB3. As a result, ensuring that every project constructed on the network is environmentally friendly.
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