Cardano’s Sustainability Performance Assessment Report
Discover the latest insights into Cardano’s sustainability performance through the comprehensive assessment released by the Crypto Carbon Ratings Institute (CCRI). The report, a compliance check against the European Securities and Markets Authority’s regulations, examines various indicators to provide a detailed look at the environmental impact of the Cardano blockchain.
Energy Efficiency and Consumption
Explore how Cardano’s infrastructure, based on the Ouroboros Proof of Stake protocol, boasts significantly lower energy consumption compared to traditional Proof of Work networks. With an annualized energy consumption of 704.91 MWh, Cardano’s environmental footprint is notably more sustainable than its counterparts, such as Bitcoin.
- Cardano’s energy consumption at 704.91 MWh annually
- Annual carbon emissions calculated at 250.73 tonnes of CO2 equivalent
- Carbon intensity at 356 grams of CO2 per kWh
Carbon Footprint and Intensity
- Cardano’s carbon footprint at 250.73 tCO2e annually
- Carbon intensity of consumed electricity at 356 gCO2 per kWh
- Focus on increasing renewable energy sources for sustainability
Waste Production and Recycling
Understand the waste production metrics of Cardano, including the generation of approximately 8.26 tonnes of electronic waste annually. With over half of this waste not being recycled, there are opportunities for improvement in waste management practices within the network’s hardware lifecycle.
Resource Extraction and Water Usage
- Impact of network operations on critical raw materials
- Influence on water usage in regions with non-renewable energy sources
- Consideration of environmental and economic extraction costs
MiCA Compliance and Transparency
Learn how the CCRI’s report aligns with MiCA regulations, emphasizing the importance of transparency in reporting sustainability metrics within the crypto industry. By disclosing comprehensive environmental impacts, crypto-asset service providers like Cardano set a precedent for accountability and environmental stewardship.
Operational Insights and Environmental Load
Gain key operational insights into Cardano’s network, including the number of nodes, transaction volume, and energy demand per transaction. Understanding these figures is crucial for evaluating the network’s physical infrastructure and environmental impact.
- Cardano operates 3,147 nodes
- Total network power at 80.47 kW
- Power demand per transaction per second at 0.192 W
Implications for Investors and Regulators
As the crypto industry faces increased scrutiny over its environmental impact, reports like the CCRI assessment of Cardano play a vital role in informing stakeholders. Investors, regulators, and the broader community can use these insights to make informed decisions about the sustainability of blockchain technologies and their associated environmental footprints.
Cardano’s Current Performance
Get real-time updates on Cardano’s market performance, with ADA currently trading at $0.41. Stay informed about the latest developments in the crypto space and how sustainability assessments are shaping the future of blockchain technology.
Hot Take: Shaping Sustainable Future in Crypto
Discover how sustainability assessments like the one conducted by the Crypto Carbon Ratings Institute provide crucial insights into the environmental footprint of blockchain technologies. By prioritizing transparency, accountability, and eco-friendly practices, crypto projects like Cardano pave the way for a more sustainable future in the digital asset space. Stay tuned for more updates on environment-friendly initiatives shaping the crypto landscape.
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