BTC: $34,498.54 (+4.23%) Gemini Offsets Bitcoin Carbon Em | Best Crypto Traders Official
BTC: $34,498.54 (+4.23%)
Gemini Offsets Bitcoin Carbon Emissions, Launches Gemini Green
Quick Take:
- Joins Climate Vault to remove nearly 350K tons of Bitcoin-related CO2 from atmosphere as part of long-term strategy to help decarbonize Bitcoin
- Marks breakthrough innovation in both Bitcoin carbon management and market-based carbon offsets
Gemini, a crypto platform, today announced Gemini Green, a long-term initiative to incorporate climate conscious practices into its business.
The company is collaborating with Climate Vault, a non-profit founded at the University of Chicago, by making contributions to purchase carbon permits for nearly 350,000 metric tons of carbon as a significant first step on its path to offset its usage of the Bitcoin Network and help decarbonize Bitcoin.
More specifically, these carbon permits offset the non-renewable energy consumed by miners on the Bitcoin Network to secure the bitcoin that Gemini custodies.
More details here
