{"id":13623,"date":"2022-04-13T03:03:20","date_gmt":"2022-04-13T03:03:20","guid":{"rendered":"http:\/\/egrowonline.com\/?p=13623"},"modified":"2022-04-13T03:03:20","modified_gmt":"2022-04-13T03:03:20","slug":"polygon-commits-to-going-carbon-neutral-in-2022","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13623","title":{"rendered":"Polygon commits to going carbon neutral in 2022"},"content":{"rendered":"


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The Polygon network announced<\/a> on Tuesday its commitment to going carbon neutral and climate positive this year by releasing their \u201cGreen Manifesto: A Smart Contract with Planet Earth.\u201d They also made a $20 million pledge to offset their carbon footprints, and buy extra credits to eventually become carbon negative. <\/p>\n

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#PolygonGoesGreen<\/a><\/p>\n

Unveiling the Green Manifesto – a smart contract with Planet Earth!https:\/\/t.co\/p9DFtUG9XP<\/a> [1\/2] pic.twitter.com\/Xgn8jubffa<\/a><\/p>\n

\u2014 Polygon (@0xPolygon) April 12, 2022<\/a><\/p><\/blockquote>\n

Part of the Ethereum scaling solution’s plan for a more sustainable future includes providing resources for ecosystem partners who also want to offset their carbon footprint. Additionally, they hope to facilitate NGOs to make donations that go towards fighting climate change.<\/p>\n

According to the company, the Green Manifesto places freedom “at the center of the Web3 ethos” and climate change as the biggest threat to that liberty. Going carbon neutral means that every NFT minted, token bridged or DeFi trade made on Polygon will be accounted for and its environmental impact is offset. Their long term vision is for the ecosystem to become the first blockchain to be what they call climate positive.<\/p>\n

Polygon is collaborating with KlimaDAO,\u00a0an organization of developers that provides on-chain carbon offsetting technology as well as\u00a0Offsetra\u00a0that\u00a0provides<\/a> Polygon with an analysis tool that gauges the network\u2019s carbon intensity. By analyzing emissions from staking node hardware or bridging activities and the energy consumption from interacting with Ethereum Mainnet, the can better form a management strategy.<\/p>\n

Polygon also published an\u00a0emissions analysis that\u00a0found<\/a>\u00a0that\u00a099% of Polygon\u2019s emissions are due to checkpointing and bridging activities that involve transactions on Ethereum Mainnet. Polygon cited a total network emissions of\u00a090,645\u00a0tonnes CO2e from February 2021 \u2013 February 2022, under companies like Microsoft and Deloitte.<\/p>\n

Polygon recently raised $450 million in a Sequoia-led funding round<\/a> and other big blockchain venture funds in order to expand its scaling solutions, which includes Polygon PoS, Polygon Edge and Polygon Avail. According to\u00a0Polygon’s co-founder Sandeep Nailwal,\u00a0these scalability and sustainability initiatives are part of their overall strategy to foster mainstream adoption of Web3 applications.<\/p>\n<\/div>\n


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The Polygon network announced on Tuesday its commitment to going carbon neutral and climate positive this year by releasing their \u201cGreen Manifesto: A Smart Contract with Planet Earth.\u201d They also made a $20 million pledge to offset their carbon footprints, and buy extra credits to eventually become carbon negative. #PolygonGoesGreen Unveiling the Green Manifesto – […]<\/p>\n","protected":false},"author":1,"featured_media":13624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[201,6371,4493,1219],"class_list":["post-13623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-carbon","tag-commits","tag-neutral","tag-polygon"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZmNlYTBhMzUtYzAwZS00YzdlLTg4OTgtZjA5NzAzMTdkYmQ4LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13623"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13623\/revisions"}],"predecessor-version":[{"id":13625,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13623\/revisions\/13625"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/13624"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13623"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}