Dogecoin Annual Carbon Emissions Decline by 25% with Help from Elon Musk. The crypto asset recorded 1,063 tons of carbon emissions last year. 

Dogecoin’s annual Carbon emissions declined by about 25% in 2022 following collaborative efforts from chain developers and billionaire Elon Musk. The blockchain emitted 1,063 tons of CO2 in 2022, marking a 25% reduction from the 1,423 tons emitted in 2021.

The network’s annual electricity usage had plummeted to 1,416,730 kWh last year from the previous value of 1,897,998 kWh recorded in 2021, according to data from Forex Suggest which recently assessed the global impact of crypto trading regarding Carbon emissions.

Dogecoin secured the eighth position on the list of blockchains with the highest annual CO2 emissions in 2022, falling from the seventh position in 2021. Despite Ethereum’s transition to PoS which drastically reduced its annual Carbon emissions from 21.9 million tons to 8,824 tons in 2022, Dogecoin still emits much lower CO2 as a PoW network.