Polygon commits to going carbon neutral in 2022

cointelegraph.com:

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

#PolygonGoesGreenUnveiling the Green Manifesto - a smart contract with Planet Earth!https://t.co/p9DFtUG9XP [1/2] pic.twitter.com/Xgn8jubffa

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.

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.

Polygon is collaborating with KlimaDAO, an organization of developers that provides on-chain carbon offsetting technology as well as Offsetra that provides Polygon with an analysis tool that gauges the network’s 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.

Polygon also published an emissions analysis that found that 99% of Polygon’s emissions are due to checkpointing and bridging activities that involve transactions on Ethereum Mainnet.