"While cryptocurrencies—Bitcoin, in particular—are not known for their environmental friendliness, blockchain payment solution Ripple is striving to ditch the stigma by creating an open-source tool for projects to reduce their carbon footprint.

Designed in collaboration with blockchain-based nonprofit Energy Web Foundation, the tool, dubbed EW Zero, will allow any blockchain to decarbonize through the purchase of renewable energy in local markets worldwide.

The XRP ledger foundation, the newly formed developer hub of the XRP token, will be the first to employ EW Zero to offset the network's carbon emissions."