#MakeCryptoGreen: what is the Crypto Climate Accord?


The crypto industry expands - and so does its impact on the environment! The mining process, in particular, has been a major concern due to its high energy consumption and carbon emissions.

In response to this issue, a group of industry leaders have come together to form an initiative aimed at making the industry more sustainable and environmentally friendly.

The CCA, modelled after the Paris Climate Agreement, has garnered support from major players in the industry, including Ripple, ConsenSys, and the Energy Web Foundation.

The main goal of the Crypto Climate Accord is to achieve carbon neutrality in the worldwide crypto sector by 2040, focusing on promoting environmental responsibility and facilitating the industry's shift towards net-zero greenhouse gas emissions.

The Accord has two specific interim objectives:

1. Achieve net-zero emissions from electricity consumption for CCA Signatories by 2030.

2. Develop standards, tools, and technologies with CCA Supporters to accelerate the adoption of and verify progress toward 100% renewably-powered blockchains by the 2025 UNFCCC COP30 conference.

Why do we need the Crypto Climate Accord?

It is not only an important but also an exciting and innovative initiative because it represents a new way of thinking about the relationship between technology and the environment.

By bringing together industry leaders and stakeholders to collaborate on solutions for reducing the crypto industry's environmental impact, the CCA is pushing the boundaries of what is possible and demonstrating that sustainability and profitability can go hand in hand.

As the Crypto Climate Accord signatories, we commit to reducing our carbon footprint and contributing to the industry-wide goal of net-zero emissions by 2040!

GTS Team
October 5, 2023