- Crypto.com co-operates with Climeworks for Carbon Dioxide removal
- The collaboration with Climeworks is an effort to advance sustainability efforts.
- Crypto.com values constructive solutions to climate change within its ecosystem.
Crypto.com made an announcement on January 16 that it would be cooperating with Climeworks, a leader in the field of direct air capture carbon dioxide removal technology as the next step in its path toward greater sustainability and carbon management.
According to the statement, this relationship is industry-leading among cryptocurrency platforms. It was prompted by Crypto.com’s commitment to investing in important and innovative technology that can scale and decrease the amount of carbon dioxide in the environment.
Crypto.com claims that it has given a lot of thought to deciding on what kind of removal provider it wants to work with. And, as a result, has come to the conclusion that the most impactful way forward is to remove its direct carbon emissions by utilizing innovative technology such as direct air capture.
Eric Anziani, President and Chief Operating Officer at Crypto.com states that the firm is committed to addressing the pressing climate challenge and continuously furthering its efforts.
Additionally, Eric stated ;
We are honored to collaborate with such a proven leader in Climeworks and look forward to not only removing our direct carbon emissions but also helping advance the impact of these invaluable carbon removal technologies and forging a more sustainable path for our entire industry.
While Crypto.com is still in its infancy on the sustainability front, Kris Marszalek, the CEO of Crypto.com says that the company has seen best practices from partners whose investments have led to measurable reductions in carbon emissions.
According to Kris, Crypto.com still values investing in cutting-edge solutions that will have a constructive effect on climate change throughout its ecosystem, even in the present market conditions.