Steven Kokinos pointed to how Algorand offsets its minimal Carbon Footprint.
With a PPoS consensus, Algorand is already carbon neutral, and is going a step further by achieving a carbon negative network through some of our partnerships.
Currently there are three environmentally focused organizations leveraging Algorand. Global Carbon Holding is leveraging Algorand to tokenize carbon credit assets in Asia and support a global, transparent marketplace where users can purchase certified carbon offsets.
Planet Watchsas is leveraging Algorand to build the world’s first immutable air quality ledger. It developed & deployed a global network of low-cost air quality sensors with the goal of validating, filtering & displaying data online and through a mobile app in real-time.
For clarity, Planetwatch decentralizes, incentivizes and gamifies air quality monitoring. They reinstate that “Your planet needs you.”
Climate Trade is leveraging Algorand to power their global carbon marketplace. Their objective is to bring transparency and traceability into carbon markets and help companies achieve sustainability goals by offsetting CO2 footprint and financing climate change projects.
Through our partnership with Climate Trade, Algorand is able to leverage several projects that help to offset the low footprint of the network. Some of these include the Southern Cardamom REDD+ project initiated by WildlifeRescue and Wildlifeworks, which protects the rainforest by preventing more than 3 million tons of carbon emissions annually.
For clarity, Climate Trade are a marketplace to reduce carbon emissions to achieve carbon neutrality. Their API allows the products to be carbon neutral.
The Vichada Gold Standard Climate Project which is aimed at reforestation in the Orinoco Department in Colombia. The Oaxaca Wind Project by ACCIONA MX covers the electricity demand of 700,000 Mexican homes, avoiding the emission of 670,000 tons of CO2.
The Sumatra Merang Peatland Project by ForestCO2 which aims to protect and restore the peatland ecosystem in Indonesia.
Steven Kokinos pointed to a blog to know more about these use cases.
The community are like: Elon Musk should see this tweet. This is why for me, ALGO shines among other competitors.
Developers like: Don’t forget about Gaiachain! We’re building new tools with IUCN ON Algorand to support forest landscape restoration globally.
Optimistically someone said, as we see the rise of importance of ECG ALGO being carbon negative along with its leading tech will make it prime for federal and institutional adoption/investment.
Also, ALGO has low transaction fees, USDC & USDT, and is highly scalable, open-source, and forkless which is a priority for NFT.
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