Rosie Jones https://forexsuggest.com 1m 309
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The cryptocurrencies increasing their emissions the fastest
2021 | 2022 | Difference | ||||||
Rank | Coin | Annual Emissions (tons CO2) | Trees Needed to Offset Emissions (2021) | Annual Emissions (tons CO2) | Trees Needed to Offset Emissions (2022) | Emissions (tons CO2) | Increase in the Number of Trees Needed | Emissions (%) |
1 | Cardano | 5,288 | 26,441 | 11,249 | 56,245 | 5,961 | 29,804 | 113% |
2 | Bitcoin | 56,825,171 | 284,125,854 | 86,322,715 | 431,613,574 | 29,497,544 | 147,487,720 | 52% |
3 | Ripple (XRP) | 2,122 | 10,609 | 2,564 | 12,821 | 442 | 2,212 | 21% |
4 | Litecoin | 520,261 | 2,601,306 | 525,212 | 2,626,060 | 4,951 | 24,754 | 1% |
The cryptocurrency that increased its emissions the most from 2021 to 2022 is Cardano, with an increase of 112.73%. Cardano is on track to release 11,249 tons of CO2 emissions this year, which is an increase of 5,961 tons since the previous year.
Bitcoin has increased its CO2 emissions by 52% since 2021. The cryptocurrency now emits over 86.3 million tons of CO2 into the atmosphere, which is down to its huge energy consumption and the number of transactions per year.
Despite having one of the lowest overall annual CO2 emissions figures, Ripple (XRP) has increased its emissions by 21%, going from 2,122 tons of CO2 in 2021 to 2,564 tons in 2022. This is due to an increase in the number of Ripple transactions since last year.
With a projected 86.3 million tons of CO2 emissions for 2022, a huge 431.6 million trees would need to be planted in order for Bitcoin’s annual CO2 emissions to be removed from the atmosphere.
In 2021, Ethereum created a huge 21.95 million tons of CO2! This has now been decreased to just 8,824 tons. There would need to be 44,121 trees planted in order to offset its annual emissions.
The most eco-friendly cryptocurrency available is Stellar, with just 0.0003 kWh per transaction. Stellar also costs less than a cent per transaction.
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