Sparta Group informed that its e-waste recycling arm, ERS International, has secured carbon credit generation contracts from nearly 50% of the world’s top eleven bitcoin miners. Bitcoin mining consumes significant energy, and while miners are striving to reduce their carbon footprints, many still struggle to meet their targets. ERS steps in by recycling electronic waste on an industrial scale, generating verified carbon credits that help miners offset emissions.
“By utilising internationally recognised methodologies, we can generate carbon credits through our comprehensive electronics recycling and reuse processes. This accomplishment not only highlights our commitment to sustainability but also demonstrates the tangible benefits that our partners can achieve by working with ERS,” said ERS Director of Global Business Development, Joseph Cimorelli.
A lot of planning and effort went into establishing ERS’s carbon credit programme, which operates under the ISO 14064 standard for auditing and verification. Sparta Group President, Tony Peticca, praised the growing success of the programme, which has attracted interest from a wide range of industries beyond bitcoin mining, including retail, technology, automotive, and healthcare.
“It has taken some time to get the word out about the carbon credit program at ERS. We are very proud to see that it is gaining interest from so many companies determined to reduce their carbon footprint. Joseph and the team at ERS are doing a tremendous job,” said Sparta President, Tony Peticca.
One carbon credit represents the offset of one tonne of CO2, with the current price at $80 per tonne, expected to rise to $95 next year.