The Ripple Drop Ep. 30: Towards Net Zero with Carbon Markets
March 30, 2023
Sustainability
Driving sustainability in crypto, finance and the global economy
Ripple believes that a sustainable future is ours for the making. By advancing and applying innovative technology, we can successfully address some of the world’s most daunting challenges, including climate change.
Our key initiatives
Cultivating a sustainable future from the inside out
Achieving corporate sustainability
Championing carbon neutral blockchain
Accelerating climate action
Achieving corporate sustainability
We’re reducing our own carbon footprint and have pledged to reach carbon net-zero emissions by 2030—or sooner. Our progress is steady across reduced emissions, clean energy use, and investment in innovative carbon removal projects.
Championing low-energy blockchain
We build on one of the world’s fastest, low-energy and carbon-neutral, public blockchains—the XRP Ledger.
Of course, real change requires collective action. This is why we advocate for a low-carbon future for the entire crypto industry and global economy. Rather than being at odds with sustainability, we believe that crypto can play a catalytic role in addressing climate change, while also promoting increased financial inclusion and efficiency.
In partnership with
Crypto Climate Accord is a private-sector-led initiative for the entire crypto community focused on decarbonizing the cryptocurrency and blockchain industry.
BxC is a network of global stakeholders working together to define and author principles that govern climate-related blockchain efforts.
Crypto Impact and Sustainability Accelerator, a World Economic Forum initiative, furthers research for integrated, inclusive, and sustainable growth in the crypto ecosystem.
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Enabling climate action
The science is clear: reducing emissions alone won’t be enough to avert the climate crisis. This fact drives our dedicated support of companies building the infrastructure to scale the voluntary carbon market, as well as our investments in innovative carbon removal projects.
A carbon credit infrastructure for the Great Green Wall
Xange is a climate-focused fintech company working hand in hand with the UN to develop carbon market infrastructure solutions that channel carbon credit offsets from the African Great Green Wall initiative. Leveraging low-energy XRP Ledger technology, Xange brings transparency to carbon accounting and prevents double counting of emission reductions and removals.
Revealing real estate emissions to spur industry action
Carbon Title is building the first decentralized platform designed to bring transparency to decarbonization efforts within the real estate sector, which generates nearly 40% of greenhouse gas emissions worldwide. By making building emissions data easily accessible and searchable by the public, Carbon Title aims to hold the industry accountable for its outsized environmental impact.
Trapping carbon in concrete jungles
CarbonCure’s technology has already proven effective in injecting captured CO2 into fresh concrete, where it is immediately mineralized and permanently locked away. With our investment in thousands of carbon credits, to be created and delivered over an expected 10-year span, Ripple is contributing to CarbonCure’s ability to unlock opportunities for global deployment and scale.
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From green waste to black gold
BC Biocarbon converts renewable organic matter into solid, stable, and long-lasting carbon products, such as biochar or high value chemicals. When biochar is added to soil, not only does it help improve soil fertility, but it can sequester thousands of tons of CO2. Ripple’s support helps to fuel the expansion of this innovative and promising carbon removal methodology.
