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Polygon Shared Dedication to Achieve Carbon Neutral Status In 2022

By Natalie Wu | April 13, 2022

The Polygon network reportedly revealed its dedication to becoming carbon neutral and climate positive in 2022, with a $20 million pledge to offset its carbon footprints and purchase credits to achieve this goal. 

Specifically, as included within the scope of the Ethereum scaling solution’s plan to achieve a more sustainable future, covering the task of offering resources for ecosystem partners, who also look to offset their carbon footprint. 

Furthermore, they shared the hope of supporting NGOs to make donations that will be dedicated to combating climate change.

Per the firm, the Green Manifesto places freedom “at the center of the Web3 ethos” and climate change as the most major threat to that liberty. achieving the carbon-neutral will lead to the result that each NFT minted, token bridged or DeFi trade made on Polygon will be accounted for and its environmental impact is offset.

Their ultimate vision for the future is reportedly for the ecosystem to turn into the pioneering blockchain to be what they refer to as climate positive.

Polygon is currently working with KlimaDAO, an organization of developers which offers on-chain carbon offsetting technology together with Offsetra, which offers Polygon an analysis tool that gauges the network’s carbon intensity. 

Via running analysis on emissions from staking node hardware or bridging activities and the energy consumption from interacting with Ethereum Mainnet, the progress for generating a management strategy will be simplified. 

Polygon further published an emissions analysis, carrying insights suggesting that 99% of Polygon’s emissions are because of checkpointing and bridging activities, which are associated with transactions on Ethereum Mainnet.

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