24 February, 2024

Polygon: The Merge will eliminate sixty thousand tons of carbon emissions

1 year ago

12 Dec, 2023

According to the most recent post on Polygon‘s official Twitter account, the transition from the PoW consensus to the PoS consensus that Ethereum will be making will have repercussions throughout the larger ecosystem in many different ways, but it will have a singular impact on the carbon emissions profile of Polygon’s network, as it will be erasing 60,000 tonnes of carbon.

Since the protocol’s founding until the 31st of July in 2022, Polygon’s network operation has produced a total of 94,782 tCO2e worth of emissions. According to the Crypto Carbon Ratings Institute’s (CCRI) findings, 99.92% of Polygon’s emissions are caused by the actions of the chain on the Ethereum foundation layer.

Source: Polygon

In their words:

The Merge is estimated to cancel out a whopping 99.91% of Polygon’s network carbon emissions, reducing the annual total to just 56.22 tCO2e.

Following the completion of the Merge, an astounding 99.91% of the carbon emissions produced by Polygon‘s network will be eliminated. According to Polygon, the fact that the chain will have a footprint that is a fraction of that of its closest rivals will position it as one of the greenest in Web3.

Stefan Renton, Polygon’s Sustainability Lead, said:

We see blockchains and distributed ledger technology supporting and scaling lasting positive impact on the world, helping create a healthier, fairer, thriving planet.

At the beginning of this year, Polygon reported that the network is actively working to lessen the carbon impact it has on the planet. Polygon held its inaugural Green Blockchain Summit in July to address industry-wide solutions to environmental challenges, and it plans to hold a second one later this month.