Ripple and Nelnet launch $44M fund for carbon-negative crypto industry

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Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States. Read the full article by: Tom Farren

  • The $44-million partnership with Nelnet is expected to offset 1.5 million tons of carbon dioxide over the next 35 years by leveraging solar energy.

  • In March of this year Nelnet also received an accreditation from S&P Global Ratings for $9.9 million.

  • This was put towards the companies project that aimed to build four photovoltaic solar projects in New York.

  • “We’re excited to work with Nelnet as we pursue our commitment to reduce the carbon footprint of financial services globally and to deliver on the promise of a carbon-negative cryptocurrency industry.” said Ken Weber, head of social impact at Ripple.

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