tl;dr
The Crypto Carbon Ratings Institute (CCRI) has conducted a sustainability assessment for the Cardano blockchain, in line with the emerging Markets in Crypto-Asset (MiCA) regulations. The assessment covers energy usage, carbon emissions, waste production, and environmental impact, meeting the Europea...
The Crypto Carbon Ratings Institute (CCRI) and the Cardano Foundation release sustainability indicators for Cardano blockchain in compliance with MiCA regulations. Cardano's infrastructure, operating on a Proof of Stake (PoS) protocol, significantly reduces energy consumption compared to traditional Proof of Work (PoW) networks. Cardano's annualized energy consumption stands at 704.91 MWh, with total annualized carbon emissions calculated at 250.73 tonnes of CO2 equivalent. The network generates approximately 8.26 tonnes of waste electrical and electronic equipment (WEEE) annually, with 51.93% not recycled, highlighting an area for improvement in waste management practices. The CCRI report on Cardano not only aligns with MiCA regulations but sets a precedent for transparency in reporting sustainability metrics within the crypto industry.
Cardano operates 3,147 nodes and has processed an annualized count of 19,530,055 transactions, providing essential insight into its environmental profile and alignment with global sustainability goals. The Crypto Carbon Ratings Institute (CCRI) has conducted a sustainability assessment for the Cardano blockchain, in line with the emerging Markets in Crypto-Asset (MiCA) regulations. The assessment covers energy usage, carbon emissions, waste production, and environmental impact, meeting the European Securities and Markets Authority’s (ESMA) regulatory standards. Cardano's Proof of Stake (PoS) protocol, Ouroboros, significantly reduces energy consumption compared to traditional Proof of Work (PoW) networks. The annualized energy consumption of the Cardano network is 704.91 MWh, with annualized carbon emissions at 250.73 tonnes of CO2 equivalent. The report also examines waste production, impacts on natural resources, and water usage. It states that the Cardano network generates approximately 8.26 tonnes of waste electrical and electronic equipment (WEEE) annually, with 51.93% not recycled. The report aligns with MiCA regulations and provides insights critical for assessing the sustainability of blockchain technologies.
At the time of reporting, Cardano operates 3,147 nodes and has processed 19,530,055 transactions annually. The CCRI's report offers essential information for investors, regulators, and the broader community to make informed decisions about the environmental impact of blockchain technologies. In an environmental assessment mandated by the emerging Markets in Crypto-Asset (MiCA) regulations, the Crypto Carbon Ratings Institute (CCRI) has released detailed sustainability indicators for the Cardano blockchain. CCRI has teamed up with the Cardano Foundation to work on the sustainability assessment which provides a granular look at the network’s energy usage, carbon emissions, waste production, and its broader environmental impact, serving as a compliance check against the European Securities and Markets Authority’s (ESMA) latest regulatory standards.
Cardano’s infrastructure, operating on a Proof of Stake (PoS) protocol named Ouroboros , shows a significant reduction in energy consumption when compared to traditional Proof of Work (PoW) networks. The annualized energy consumption of the Cardano network stands at 704.91 MWh. For perspective, traditional PoW networks like Bitcoin consume an immensely higher amount of energy, often equating to the output of small countries, as the report notes.
The total annualized carbon emissions for Cardano are calculated at 250.73 tonnes of CO2 equivalent. The carbon intensity, which measures the emissions per unit of electricity consumed, is noted at 356 grams of CO2 per kWh. This figure is indicative of the types of energy sources utilized by the network, reflecting a mixed reliance on both renewable and non-renewable resources. The CCRI report states, “We find a total annualized carbon footprint of 250.73 tCO2e for the Cardano network. The carbon intensity of the consumed electricity sits at 356 gCO2 per kWh, suggesting a marginal but necessary focus towards more renewable sources to further decrease this metric.”
One of the new metrics introduced by the MiCA framework is the measurement of waste production, particularly focusing on electronic waste. The Cardano network generates approximately 8.26 tonnes of waste electrical and electronic equipment (WEEE) annually. Of this, 51.93% is not recycled, spotlighting an area for improvement in waste management practices within the network’s hardware lifecycle.
The report delves into the impacts of the network’s operations on natural resources, including the critical raw materials required for the production of the hardware components. These materials are often scarce and have significant extraction costs, both environmentally and economically. The network’s energy consumption also indirectly affects water usage, especially in regions where non-renewable energy sources are predominant and water is used extensively for cooling purposes in power generation.
Under the MiCA regulations, which came into force in June 2023, all crypto
More about Interlink Electronics Inc
Interlink Electronics Inc Summary Interlink Electronics Inc
Interlink Electronics, Inc. designs, develops, manufactures, and sells force sensing technologies that incorporate proprietary material technology, firmware, and software into standard sensor-based products and custom sensor system solutions. The company is headquartered in Irvine, California.
Company Information
Industry: TECHNOLOGY
Sector: COMPUTER PERIPHERAL EQUIPMENT
Market Cap: $40,427,500
Dividend Yield: N/A
EPS: -0.14
P/E Ratio: 1.396
Profit Margin: -0.0677
Volume: 13,786,000
Shares Outstanding: 7,000,000
Stock Price: $21.01
Change: -0.047
More about Oceanpal Inc
OceanPal Inc. is focused on providing ocean freight services.
Industry: ENERGY & TRANSPORTATION
Sub-Industry: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
Market Cap: 14829400
EBITDA: None
PE Ratio: None
Dividend Yield: -3.55
52-Week High: 4.196
52-Week Low: -0.162
Avg. Volume: 20756000
EPS: None
Beta: 0
Price/Sales: 0.463
More about C3 Ai Inc
Company: C3 Ai Inc
Stock Ticker: AI
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $3,571,043,000
Dividend Yield: None
EPS: -2.34
PE Ratio: 2.602
52-Week High: $29.35
52-Week Low: $0.196
More about Core Scientific Inc. Common Stock
Core Scientific Inc. Common Stock Summary
Core Scientific, Inc. provides blockchain and artificial intelligence (AI) infrastructure services in the United States. The company is headquartered in Austin, Texas.
Industry: TECHNOLOGY, SERVICES-COMPUTER PROCESSING & DATA PREPARATION
Market Cap: 542,047,000
Dividend Yield: None
Beta (3Y Monthly): 1.323
PE Ratio (TTM): -0.491
Volume: 502,400,000
EPS (TTM): 6.75
1-Year Target Est: 0
Previous Close: 0.171