Polygon: 99.1% of carbon emissions could be eradicated, thanks to…

ambcrypto.com:

Polygon [MATIC] had revealed earlier in April 2022 that it was working towards reducing the carbon emissions that emerge from its network. According to the company, achieving the goal of being carbon negative was vital to its “Green Manifesto.” 

In a new turn of events, Polygon may have the Ethereum [ETH] Merge to thank. The latest blog released by the company described Merge as an indirect contributor to the aforementioned mission. Based on the details, the Merge would allow the erasure of 60,000 tonnes of Polygon’s carbon footprint.

The conclusion did not initially emanate from Polygon itself but from the Crypto Carbon Rating Institute (CCRI). According to the institution, Ethereum’s aim to reduce its energy consumption has a direct effect on the Polygon network.

The research firm pointed to Polygon being built on the Ethereum network while working as Proof-of-Stake (PoS) layer two (L2) blockchain as a major reason for its conclusion. 

As of 1 August, Polygon’s carbon emissions were 60,903 tonnes of the equivalent of carbon dioxide. This represented 0.48% of the entire Ethereum emissions.

The report also mentioned the current electricity that the Polygon network required. It noted that the network required ten times more electricity to function at full scale but with the Merge coming, there would be a balance.

According to Polygon, once Ethereum energy reduces, its underlying carbon emissions would follow suit. In addition, the erasure would make Polygon one of the cleanest and greenest ecosystems among L2 blockchains. Furthermore, Polygon stated,

“The Merge is estimated to cancel out a whopping 99.91% of Polygon’s network carbon emissions, reducing the annual total to just 56.22 tCO2e. That footprint, a fraction of