Ripple Labs Guarantees Zero Carbon Emissions

• Ripple Signed Climate Pledge on Tuesday.
• The Climate Pledge has now attracted over 300 businesses from 51 industries and 29 countries.

As the US Securities and Exchange Commission (SEC) and Ripple lawsuits continue, Ripple is taking new steps for the future. Ripple, a blockchain company, has signed the Climate Pledge, a pledge to achieve net-zero carbon emissions by 2040 to avoid potential climate crises.

The Climate Pledge is a pledge to achieve net-zero carbon emissions by 2040, ten years before the Paris Agreement. In 2019, Amazon co-founded The Climate Pledge to create a cross-sector community of companies, organizations, individuals, and partners working together to address the climate crisis. Businesses and organizations can sign on as part of the fight against climate change and the effort to reduce carbon emissions. Over 375 people have signed it since it was passed in 2019.

Numerous Organizations Joined

Marathon, a Bitcoin mining company, recently stated that regulators should create incentive programs for renewable energy for cryptocurrency mining activities. However, Ethereum, the second largest cryptocurrency, has significantly reduced its energy consumption following the successful Merge upgrade that occurred in recent weeks.

To achieve net-zero annual carbon emissions by 2040, signatories to the Climate Pledge must agree to neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets. More than 300 businesses from 51 industries and 29 countries have now signed The Climate Pledge, committing to meeting the Paris Agreement ten years early.