[1/π§΅] @Ripple's Green β»οΈ Agenda 2030 β Part 1/2
@Ripple as a significant actor in the achievement of the most critical goal of:
π± βGoal 13 Climate Actionβ
In part 1 of this series, I will break it ALL down for you in regards to #Ripple π§΅π
@Ripple as a significant actor in the achievement of the most critical goal of:
π± βGoal 13 Climate Actionβ
In part 1 of this series, I will break it ALL down for you in regards to #Ripple π§΅π
[2/33] β οΈ IMPORTANT NOTICE!
This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.
Everything is stated exactly as it is!
This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.
Everything is stated exactly as it is!
[3/33] Before I get any farther into the intricacies of #Ripple, we must first build the groundwork:
β What is the primary goal β
The purpose is to combat #climate change by enacting the "Paris Agreement" and meeting the "#UN Sustainable Development Goals [13]."
β What is the primary goal β
The purpose is to combat #climate change by enacting the "Paris Agreement" and meeting the "#UN Sustainable Development Goals [13]."
[4/33] π #UN Paris 2015 Climate Agreement
This agreement was signed by ALL 196 parties to the #UN Framework Convention on Climate Change at #COP21 in Paris.
. . .
This agreement was signed by ALL 196 parties to the #UN Framework Convention on Climate Change at #COP21 in Paris.
. . .
[5/33] . . .
All countries committed in the agreement to endeavor to keep global temperature rise well below 2 degrees #celsius, and given the serious hazards, to aim for 1.5Β°C.
Who cares? Absolutely everyone!π
All countries committed in the agreement to endeavor to keep global temperature rise well below 2 degrees #celsius, and given the serious hazards, to aim for 1.5Β°C.
Who cares? Absolutely everyone!π
[6/33] π Goal 13 β #Climate Action β Objectives
β Increase resilience to climate-related catastrophes
β Integrate #climate change measures into policy
β Develop knowledge to deal with #climatechange
β Implement the #UN framework convention
β Promote mechanisms for planning
β Increase resilience to climate-related catastrophes
β Integrate #climate change measures into policy
β Develop knowledge to deal with #climatechange
β Implement the #UN framework convention
β Promote mechanisms for planning
[7/33] @Ripple issued multiple press releases and #insights regarding the present status of #crypto sustainability and #Ripples objective of reaching #carbon neutrality by 2030/40.
By summing them all, we should be able to understand more clearly where we are going. π§
By summing them all, we should be able to understand more clearly where we are going. π§
[8/33] 1β£ Press Release [Sep 30, 2020] β "#Ripple Leads Sustainability Agenda to Achieve #Carbon Neutrality By 2030"
β’ #Ripple has pledged to be carbon-neutral by 2030, making it the first firm in the #blockchain sector to achieve so.
ripple.com/ripple-press/rβ¦
. . .
β’ #Ripple has pledged to be carbon-neutral by 2030, making it the first firm in the #blockchain sector to achieve so.
ripple.com/ripple-press/rβ¦
. . .
[9/33] . . .
β’ #Blockchain and #crypto are ideally positioned to spearhead global finance's commitment to a more sustainable future.
β’ #Ripple has committed to leading this endeavor in collaboration with strategic organizations such as #REBA/#CEBI and @RockyMtnInst/#RMI
. . .
β’ #Blockchain and #crypto are ideally positioned to spearhead global finance's commitment to a more sustainable future.
β’ #Ripple has committed to leading this endeavor in collaboration with strategic organizations such as #REBA/#CEBI and @RockyMtnInst/#RMI
. . .
[10/33] . . .
β’ In collaboration with @energywebx, #Ripple has co-created #EW-Zero, a new open-source technology that will allow any #blockchain to #decarbonize by purchasing #renewable energy in local marketplaces throughout the world.
. . .
β’ In collaboration with @energywebx, #Ripple has co-created #EW-Zero, a new open-source technology that will allow any #blockchain to #decarbonize by purchasing #renewable energy in local marketplaces throughout the world.
. . .
[11/33] . . .
β’ Following the release, any #blockchain developer will be able to access and use the tool.
β’ The @XRPLF will be the first to employ #EW-Zero to guarantee offsets are acquired for #XRPLedger use.
energy-web-foundation.gitbook.io/energy-web/howβ¦
β’ Following the release, any #blockchain developer will be able to access and use the tool.
β’ The @XRPLF will be the first to employ #EW-Zero to guarantee offsets are acquired for #XRPLedger use.
energy-web-foundation.gitbook.io/energy-web/howβ¦
[12/33] 2β£ Insight [Apr 8, 2021] β "#Cryptocurrency #Sustainability: The Path Forward"
β’ Ripple has signed up to the #CryptoClimateAccord [#CCA]
β’ Ripple joins 20 Supporters, including #UN, @CoinSharesCo, Compass #Mining, the @XRPLF & @ConsenSys
ripple.com/insights/cryptβ¦
. . .
β’ Ripple has signed up to the #CryptoClimateAccord [#CCA]
β’ Ripple joins 20 Supporters, including #UN, @CoinSharesCo, Compass #Mining, the @XRPLF & @ConsenSys
ripple.com/insights/cryptβ¦
. . .
[13/33] . . .
β’ Globally, the costs of #climatechange will equal to about 3% of #GDP by 2060.
The Accord's key objectives include:
β Enabling all #blockchains to be powered by 100% #renewables by the 2025 #UNFCCC #COP Conference
. . .
β’ Globally, the costs of #climatechange will equal to about 3% of #GDP by 2060.
The Accord's key objectives include:
β Enabling all #blockchains to be powered by 100% #renewables by the 2025 #UNFCCC #COP Conference
. . .
[14/33] . . .
β Developing an open-source accounting standard for measuring #emissions from the #crypto industry
β Achieving net-zero #emissions for the entire #crypto industry, including all business operations beyond #blockchain and retroactive emissions, by 2040.
. . .
β Developing an open-source accounting standard for measuring #emissions from the #crypto industry
β Achieving net-zero #emissions for the entire #crypto industry, including all business operations beyond #blockchain and retroactive emissions, by 2040.
. . .
[15/33] . . .
Partners include π«± π«²:
β’ Alliance for Innovative Regulation (#AIR)
β’ Rocky Mountain Institute (#RMI)
β’ Energy Web (#EWF)
Partners include π«± π«²:
β’ Alliance for Innovative Regulation (#AIR)
β’ Rocky Mountain Institute (#RMI)
β’ Energy Web (#EWF)
https://twitter.com/Ripple/status/1474418844735356930?s=20&t=gWBy_TMAa5BEbCQkDNNHag
[16/33] 3β£ Insight [May 19, 2022] β "The Catalytic Role of #Crypto and #Blockchain in #Climate Change"
β’ Remove more than 50B tons of #carbon from the earthβs atmosphere
β’ Increase #liquidity and #traceability in a fragmented, complicated market
ripple.com/insights/the-cβ¦
. . .
β’ Remove more than 50B tons of #carbon from the earthβs atmosphere
β’ Increase #liquidity and #traceability in a fragmented, complicated market
ripple.com/insights/the-cβ¦
. . .
[17/33] . . .
β’ #Ripple's $100 million climate promise
β’ #Carbon offsets are likely to reach $550B by 2050
β’ Supply bottlenecks, slow time to market, opacity, a lack of fair price discovery, and fraud plague existing #carbon infrastructure.
. . .
β’ #Ripple's $100 million climate promise
β’ #Carbon offsets are likely to reach $550B by 2050
β’ Supply bottlenecks, slow time to market, opacity, a lack of fair price discovery, and fraud plague existing #carbon infrastructure.
. . .
[18/33] . . .
β’ Allow for new types of value that are more #scalable, #transparent, #traceable, and #verifiable.
β’ Suppliers may benefit from #blockchain's #tokenization capabilities and open, #decentralized governance.
. . .
β’ Allow for new types of value that are more #scalable, #transparent, #traceable, and #verifiable.
β’ Suppliers may benefit from #blockchain's #tokenization capabilities and open, #decentralized governance.
. . .
[19/33] . . .
@Ripple's $100 million investment will fund initiatives such as:
β Building an inventory of high-quality #carbon credits
β Investing in #carbon-removal technology companies and market makers (#Xange, #CarbonCure and #Invert)
. . .
@Ripple's $100 million investment will fund initiatives such as:
β Building an inventory of high-quality #carbon credits
β Investing in #carbon-removal technology companies and market makers (#Xange, #CarbonCure and #Invert)
. . .
[20/33] . . .
β Supporting new functionality and #developer tools focused on certified #carbon credit #NFTs
β Continuing to collaborate with the world's premier climate and conservation groups
. . .
β Supporting new functionality and #developer tools focused on certified #carbon credit #NFTs
β Continuing to collaborate with the world's premier climate and conservation groups
. . .
[21/33] . . .
β’ Additionally, @Ripple is a founding member of the World Economic Forum's [@wef/#WEF] Crypto Impact and Sustainability Accelerator (#CISA).
β’ Additionally, @Ripple is a founding member of the World Economic Forum's [@wef/#WEF] Crypto Impact and Sustainability Accelerator (#CISA).
[22/33] 4β£ Insight [Oct 27, 2022] β "How #Blockchain-Powered #Carbon Markets Combat #Climate Change"
β’ Nearly 4,000 organizations have signed net-zero pledges.
β’ Businesses must cut their own #emissions to the greatest extent practicable.
ripple.com/insights/how-bβ¦
. . .
β’ Nearly 4,000 organizations have signed net-zero pledges.
β’ Businesses must cut their own #emissions to the greatest extent practicable.
ripple.com/insights/how-bβ¦
. . .
[23/33] . . .
β’ Many businesses are turning to #carbon credits, which are certificates that represent #greenhouse #emissions eliminated from the #atmosphere or #carbon trapped in soil.
β’ New #regulations require firms to be more transparent.
. . .
β’ Many businesses are turning to #carbon credits, which are certificates that represent #greenhouse #emissions eliminated from the #atmosphere or #carbon trapped in soil.
β’ New #regulations require firms to be more transparent.
. . .
[24/33] . . .
β’ #NFTs are increasingly being employed for functional #climate change use cases, such as #tokenizing carbon credits.
β’ #Minting, #transacting and #tracing these climate-themed #NFTs on a sustainable, #carbon-neutral #Blockchain.
. . .
β’ #NFTs are increasingly being employed for functional #climate change use cases, such as #tokenizing carbon credits.
β’ #Minting, #transacting and #tracing these climate-themed #NFTs on a sustainable, #carbon-neutral #Blockchain.
. . .
[25/33] . . .
β’ For purchasers, #carbon is increasingly being handled as a diverse #asset class, whether for corporate net zero obligations, strategic #ESG, or financial #ROI.
β’ For purchasers, #carbon is increasingly being handled as a diverse #asset class, whether for corporate net zero obligations, strategic #ESG, or financial #ROI.
[26/33] π @Ripple Signed The #Climate Pledge
β’ It's all about fulfilling the Paris #Agreement target of limiting global warming to 1.5 degrees #Celsius or less.
. . .
β’ It's all about fulfilling the Paris #Agreement target of limiting global warming to 1.5 degrees #Celsius or less.
https://twitter.com/Ripple/status/1572265526931628037?s=20&t=AlRcLB_lFMNKyDkKQqdakg
. . .
[27/33] . . .
β’ Nearly 400 firms, including #Ripple, have joined The #Climate Pledge's promise to achieve net-zero #carbon emissions by 2040
β’ #Ripple helps initiatives by giving funding necessary to growing their operations and reaching the Paris Accord #climate targets
. . .
β’ Nearly 400 firms, including #Ripple, have joined The #Climate Pledge's promise to achieve net-zero #carbon emissions by 2040
β’ #Ripple helps initiatives by giving funding necessary to growing their operations and reaching the Paris Accord #climate targets
. . .
[28/33] . . .
The "#Climate Pledge Fund," in addition to "The #Climate Pledge," exists.
π A venture capital #fund that invests in firms that can help #Amazon fulfill The #Climate Pledge's objective of net-zero carbon emissions by 2040.
. . .
The "#Climate Pledge Fund," in addition to "The #Climate Pledge," exists.
π A venture capital #fund that invests in firms that can help #Amazon fulfill The #Climate Pledge's objective of net-zero carbon emissions by 2040.
. . .
[29/33] . . .
As they state:
π "Once a recipient receives #funding, they will be connected with the [...] success team to determine how #Amazonβs resources and expertise can help the company and its technology scale for success."
@CarbonCure (@Ripple Partner / #XRPL Usecase)
As they state:
π "Once a recipient receives #funding, they will be connected with the [...] success team to determine how #Amazonβs resources and expertise can help the company and its technology scale for success."
@CarbonCure (@Ripple Partner / #XRPL Usecase)
[30/33] Another noteworthy detail is that @chrislarsensf, through the Larsen Lam Climate Change Foundation, acquired 300 tons of #carbon dioxide removal from @Climeworks [01.06.2021]
climeworks.com/news/chris-larβ¦
climeworks.com/news/chris-larβ¦
[31/33] π What are the distinctions between "#carbon offset" and "#carbon removal"?
β’ By permanently eliminating the #CO2 one emitted from the air (removal of previous or unavoidable #emissions), #Climeworks can bring genuine, quantifiable effect.
β’ By permanently eliminating the #CO2 one emitted from the air (removal of previous or unavoidable #emissions), #Climeworks can bring genuine, quantifiable effect.
[32/33] Finally, @Ripple has partnered with @NelnetSolar to spend $44 million in #solar energy to reduce #CO2 #emissions.
β’ According to data from @Nelnet, the group has more than $20 billion in assets and services more than $500 billion in loan assets.
cryptonews.com/news/ripple-anβ¦
β’ According to data from @Nelnet, the group has more than $20 billion in assets and services more than $500 billion in loan assets.
cryptonews.com/news/ripple-anβ¦
[33/33] Thank you to everyone who took the time to read this lengthy topic β€οΈ
β οΈ The 2nd edition of this series will focus on the role of #XRPL
If you enjoyed the thread, please follow me: @krippenreiter
Please feel free to contribute by sharing here π
β οΈ The 2nd edition of this series will focus on the role of #XRPL
If you enjoyed the thread, please follow me: @krippenreiter
Please feel free to contribute by sharing here π
https://twitter.com/krippenreiter/status/1604662605737611267?s=20&t=CePHj7eYYpD-xO-Sjucf-g
@threadreaderapp unroll
@WKahneman @digitalassetbuy @Fame21Moore @sentosumosaba @BCBacker @XRPcryptowolf @X__Anderson @stedas π
β My most recent article [Part 1/2 π§΅] covering Ripples' green strategy, insights, investments, and objectives to achieve net-zero by 2040.
β My most recent article [Part 1/2 π§΅] covering Ripples' green strategy, insights, investments, and objectives to achieve net-zero by 2040.
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