According to Odaily, the Cardano Foundation has partnered with the Crypto Carbon Rating Institute (CCRI) to release a sustainability index for the Cardano network. This index is set to comply with the upcoming regulations of the European Union's Markets in Crypto Assets (MiCA).
The foundation has stated that its collaboration with CCRI ensures the quality of its blockchain monitoring and data collection methods. The report emphasizes that Cardano operates on a more energy-efficient consensus protocol, which consumes significantly less power than the proof-of-work protocol. It also provides the annual total electricity consumption and carbon footprint of the Cardano network, as well as the marginal power demand per transaction per second.
In addition, the report provides sustainability indicators that comply with the draft technical standards of the European Securities and Markets Authority. This collaboration and the subsequent report highlight the efforts of the Cardano Foundation to align with regulatory standards while maintaining a focus on sustainability within the crypto asset market.