{"id":23925,"date":"2022-04-12T18:43:42","date_gmt":"2022-04-12T22:43:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23925"},"modified":"2022-04-12T18:43:50","modified_gmt":"2022-04-12T22:43:50","slug":"polygon-announces-plan-to-go-carbon-neutral","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/polygon-announces-plan-to-go-carbon-neutral\/","title":{"rendered":"Polygon announces plan to go carbon neutral"},"content":{"rendered":"\n
The Polygon network<\/a> released its “Green Manifesto: A Smart Contract with Planet Earth” on Tuesday, announcing its intention to become carbon neutral and climate positive this year.<\/h5>\n\n\n\n
\"Polygon
Polygon announces plan to go carbon neutral<\/figcaption><\/figure><\/div>\n\n\n\n

Polygon network also pledged $20 million to offset their carbon footprints and purchase additional credits in order to become carbon negative in the future.<\/p>\n\n\n\n

\n

#PolygonGoesGreen\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>

Unveiling the Green Manifesto – a smart contract with Planet Earth!https:\/\/t.co\/p9DFtUG9XP<\/use><\/svg><\/span><\/a> [1\/2] pic.twitter.com\/Xgn8jubffa<\/use><\/svg><\/span><\/a><\/p>— Polygon (@0xPolygon) April 12, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Providing resources for ecosystem partners that want to offset their carbon footprint is part of the Ethereum scaling solution's<\/use><\/svg><\/span><\/a> strategy for a more sustainable future. They also seek to make it easier for non-governmental organizations (NGOs) to make donations to fight climate change.<\/p>\n\n\n\n

The Green Manifesto, according to the firm, places freedom “at the heart of the Web3 ethos,” with climate change as the greatest threat to that liberty.<\/p>\n\n\n\n

Every NFT produced, token bridged, or DeFi exchange<\/a> made on Polygon will be accounted for, and its environmental impact will be compensated. Their long-term goal is for the ecosystem to become the first blockchain to be “climate positive.”<\/p>\n\n\n\n

Polygon, KlimaDAO, Offsetra work on the carbon-neutral plan<\/h2>\n\n\n\n

Polygon is working with KlimaDAO, a developer-led group that delivers on-chain carbon offsetting<\/a> technology, as well as Offsetra, which provides Polygon with a carbon intensity measurement tool.<\/p>\n\n\n\n

They can better build a management strategy by studying emissions from staking node hardware or bridging activities, as well as energy consumption from connecting with Ethereum Mainnet.<\/p>\n\n\n\n

Polygon also released an emissions analysis, which revealed that checkpointing and bridging activities involving Ethereum Mainnet transactions account for 99 percent of Polygon's emissions.<\/p>\n\n\n\n

Polygon reported total network emissions of 90,645 tonnes CO2e between February 2021 and February 2022, citing Microsoft <\/a>and Deloitte as examples.<\/p>\n\n\n\n

Polygon recently raised $450 million in a funding round led by Sequoia Capital and other major blockchain venture capital firms to extend its scaling solutions, which include Polygon PoS, Polygon Edge, and Polygon Avail.<\/p>\n\n\n\n

These scalability and sustainability measures, according to Polygon co-founder Sandeep Nailwal, are part of the company's wider plan to promote the widespread adoption of Web3 apps<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Polygon network released its “Green Manifesto: A Smart Contract with Planet Earth” on Tuesday, announcing its intention to become carbon neutral and climate positive this year. Polygon network also pledged $20 million to offset their carbon footprints and purchase additional credits in order to become carbon negative in the future. Providing resources for ecosystem […]<\/p>\n","protected":false},"author":12,"featured_media":15060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8817,8818,395],"class_list":["post-23925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-carbon-neutral","tag-carbon-offset","tag-polygon"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/image-98.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23925"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/15060"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}