<p><span style="font-weight: 400;">The international investment firm SkyBridge has partnered with MOSS Earth, a carbon credit provider, to reduce the equivalence of 38,436 tons of carbon from the atmosphere, according to a Monday </span><a href="https://www.prnewswire.com/news-releases/skybridge-buys-carbon-offsets-to-green-bitcoin-holdings-301345725.html"><span style="font-weight: 400;">release</span></a><span style="font-weight: 400;">. </span></p> <p><span style="font-weight: 400;">"We project that bitcoin mining will be fully renewable by the end of the decade," said SkyBridge founder and managing partner </span><a href="https://www.theblockcrypto.com/post/109976/inside-anthony-scaramuccis-bitcoin-and-ether-etf-game-plan"><span style="font-weight: 400;">Anthony Scaramucci</span></a><span style="font-weight: 400;"> in the statement. "In the interim, carbon offsets represent an effective way to green the bitcoin network and facilitate adoption by ESG-minded investors."</span></p> <p><span style="font-weight: 400;">MOSS calculates how many carbon credits SkyBridge requires to reduce its carbon emissions, then sources those credits from third-party verified projects that aim to reduce deforestation and atmospheric carbon — a method other environmentally conscious crypto firms like NinePoint and </span><a href="https://www.theblockcrypto.com/linked/109559/gemini-pledges-offset-350k-tons-bitcoin-carbon-emissions"><span style="font-weight: 400;">Gemini</span></a><span style="font-weight: 400;"> have opted for. </span></p> <p><span style="font-weight: 400;">While carbon offsetting suggests firms can immediately reduce the carbon associated with their business, the method </span><a href="https://www.theblockcrypto.com/daily/109558/ninepoint-bitcoin-etf-carbon-footprint-offsets"><span style="font-weight: 400;">has been criticized</span></a><span style="font-weight: 400;"> in the past. Determining whether carbon projects reduce atmospheric carbon that would not have otherwise occurred remains difficult, and future factors could disrupt the carbon-capturing necessary to absorb carbon produced at present. </span></p>