The Crypto Climate Impact Accounting Framework is a first step to understanding how to account for emissions across the cryptocurrency value chain.
in consultation with PayPal's Blockchain, Crypto and Digital Currencies (BCDC) team and other climate and crypto experts.
As part of the framework release, South Pole and CCRI have jointly developed a methodology for crypto value chain stakeholders to allocate GHG emissions to their cryptocurrency-related activities.
The report introduces a holistic framework that allocates the GHG emissions of a cryptocurrency's network across the stakeholders along the value chain based on cryptocurrency-related holdings and transactions.
in consultation with PayPal's Blockchain, Crypto and Digital Currencies (BCDC) team and other climate and crypto experts.
As part of the framework release, South Pole and CCRI have jointly developed a methodology for crypto value chain stakeholders to allocate GHG emissions to their cryptocurrency-related activities.
The report introduces a holistic framework that allocates the GHG emissions of a cryptocurrency's network across the stakeholders along the value chain based on cryptocurrency-related holdings and transactions.
This framework is an exciting first step towards an industry-aligned GHG accounting standard for cryptocurrency value chains.
Chris Heysel, Head of Advisory, North America for South Pole, South Pole
This framework helps to overcome weaknesses of one-dimensional allocation methods and provides clarity by better reflecting the responsibility of stakeholders along the value chain.
Ulrich Gallersdörfer, CEO of Crypto Carbon Ratings Institute (CCRI), Crypto Carbon Ratings Institute (CCRI)
Accurately allocating and accounting for cryptocurrency-related greenhouse gas emissions is the necessary first step to understand risks, define mitigation measures, and design emissions reduction strategies.
CCRI provides data on sustainability aspects of cryptocurrencies and helps companies to leverage them for their climate mitigation strategies.
