Major companies have partnered with the goal of reducing the carbon footprint of cryptocurrencies.
According to Cointelegraph, a cryptocurrency media outlet on the 8th, one of the long-term goals of these groups is to convert all blockchains around the world to 100% renewable energy by 2025.
More than 20 corporate groups consisting of cryptocurrency, finance, technology, energy, and non-governmental organizations are gathering to focus on the impact of cryptocurrency on the environment.
In the announcement on the 8th (local time), the’Cryptocurrency Climate Agreement’ was inspired by the Paris Climate Agreement of 195 contracts. It aims to deal with “impact on” In this innovation regulation solidarity, companies attracting attention in the cryptocurrency space such as Ripple, a blockchain-based payment company, Hurt8, a Canadian mining company, Coinshares, a digital asset investment company, and Consensys, an Ethereum software company, are participating.
The group said, “Across the world economy, industries are starting to decarbonize their operations.”
One of the long-term goals of the’Cryptocurrency Climate Agreement’ organization is to convert all blockchains around the world to 100% renewable energy by 2025 (like the Paris Climate Agreement), and open source accounting for measuring emissions of the cryptocurrency industry. It is to develop standards. In addition, the organization has set a goal to transform the entire cryptocurrency industry into a’carbon net zero’ by 2040.
Meanwhile, as the environmental impact of today’s digital assets becomes clear, many fintech and cryptocurrency companies have publicly made a pledge for greening. Last year, Ripple announced that it will become a carbon net zero by 2030 by investing in carbon emission technology in partnership with the Energy Web Foundation.