We are greatly excited to announce that we have helped Solana Foundation offset over 50% of its carbon emission for 2022! 🌱 Remaining true to their #CarbonNeutrality vow, Solana targeted over 5,902 tonnes of their carbon emissions through our Offset Bridge which sees us purchase and retire Toucan NCT, a nature-based carbon token, and receive Retirement NFTs as confirmation of the transaction. We used a 5x offset approach when retiring NCT, in order to counteract the low valuation of NCT related to the 'true cost of carbon' and address legitimacy concerns about nature-based carbon credits in general. To offset 5,902 TCO2e of emissions, we've purchased five times that amount in NCTs 🙌 In this instance, verified #REDD credits go towards funding two main projects: 🌿 Rimba Raya Conservation (https://lnkd.in/dWBtikjt), which aims to reduce emissions by preserving around 64,000 hectares of tropical peat swamp forest, saw us retire 25,000 carbon credits. 🪴 11,000 credits were retired in aid of the Mai Ndombe project (https://lnkd.in/d4Q8kQ8a) in Congo. It protects 248,956 hectares of forest against industrial logging, unsustainable extraction, and slash-and-burn agriculture. Both projects were listed as Verra's Lighthouse Projects (https://lnkd.in/ebjW8_8r) by the Natural Climate Solutions Alliance (NCSA), so titled because they 'shine a light' on the potential of investments in nature. Here at Sunrise Stake we strive to create regenerative products and services that yield positive outcomes for the planet and for society 🌍♻️ If this resonates with you, join us in building a greener future. 👾 Drop by our Discord: https://lnkd.in/dCa6uXcZ 💬 Follow us on X: https://lnkd.in/e-PVk2EJ
The Solana Foundation’s December 2023 Solana Energy Use Report is now published, showcasing the Foundation’s commitment to climate accountability and keeping the Solana blockchain carbon neutral. Since 2021, the Solana Foundation has made and kept a commitment to keep the network carbon neutral through accurately measuring Solana’s carbon footprint and purchasing carbon offsets. For the first time, the Solana Foundation has offset 100% of the network’s carbon footprint entirely via Sunrise Stake and ecoToken. These onchain offset credits benefit a variety of regenerative projects globally in the USA, Columbia, and Indonesia focused on forest preservation and restoration. Since the last Solana energy use report in April 2023, energy use per transaction decreased 25% and the network saw a 17.5% reduction in total emissions, largely due to network improvements. Anyone can examine Solana’s climate impact at any time down to the validator level thanks to TryCarbonara’s free carbon emissions tracking dashboard: solanaclimate.com Read the full report, learn more, and reach out: https://lnkd.in/gWwv9RZG #solana #climatechange #carbonneutral #technology #web3 #innovation #blockchain