Filecoin Green REC & Bacalhau Partnership - by Wes Floyd
Filecoin Green is an initiative to measure the environmental impacts of the Filecoin network, verifiably drive those impacts below zero, and build infrastructure along the way that allows anyone to make transparent environmental claims. Its core objective is to connect the network to renewable energy and make all Filecoin Storage Providers operations 100% carbon neutral before the end of the year 2025.
“The goal is not just to become carbon neutral, but to become climate positive (decarbonizing)” - Juan Benet, CEO Protocol Labs
The primary means of connecting the Filecoin network to renewable energy is through a market instrument called Renewable Energy Certificates (RECs). RECs allow node operators to buy renewable energy through the existing power grids and match that renewable energy to the energy used to support their operations.
The REC matching (attestation) is a complex, opaque process that takes a lot of time to complete. The current process flow for the REC procurement and attestation process is a multi-step process involving data flow between many different stakeholders, such as governments, private companies, and 3rd party auditors.
