This partnership aims to neutralize Crypto.com's direct carbon emissions and advance the impact of carbon removal technologies within the cryptocurrency industry.
Crypto.com Assesses Carbon Footprint to Determine Removal Method
Since announcing its initial climate commitment in 2021, Crypto.com has engaged with several carbon removal providers, policymakers, and commercial partners to assess and measure its carbon footprint thoroughly. The company has concluded that removing its direct carbon emissions using direct air capture technology is the most impactful way forward.
Crypto.com and Climeworks Partnership Aims to Scale Carbon Removal
The partnership between Crypto.com and Climeworks aims to support the scale-up of carbon removal solutions, which must reach gigaton capacity by mid-century. The partnership will also help Crypto.com advance its sustainability and emissions reduction efforts, such as exploring residual and Scope 3 emissions reduction initiatives.