juno

Prop 83: Make JUNO Carbon Neutral by Purchasing Eco-Credits

Proposal: Make JUNO carbon neutral by purchasing NCT eco-credits from Osmosis DEX

  • Based on feedback from carbon footprint data reported by validators of Regen Network, and applying Method #3 ‘worst case scenario’, JUNO Validators are projected to emit at most 3928 tons a year in carbon, scaled up to cover from the start of JUNO (March 2021 to December 2022 - 22 Months) this becomes 7,201 tons
  • Based on analysis from working with the JUNO core team (analysis here), the core team's carbon footprint is estimated to be: 6762 metric tons of carbon emitted from March 2021 to December 2022
  • This gives a total carbon footprint of 13,963 tones for the JUNO Network.

This proposal asks for a spend of JUNO 60,929 (7,022 at JUNO price of .10) from the Community Pool to purchase 13,963 eco-credits and cover JUNO’s carbon emissions from March 2021 to December 2022

  • Voting YES to this proposal indicates approval to address JUNO’s carbon emissions footprint by purchasing 13,963 Osmosis NCTs (USD 5,852 at NCT). A 20% buffer will also be added to account for price changes (1,170) any unused funds will be returned.
  • Voting NO to this proposal indicates that this funding should not be allocated.

Method: The required JUNO will be transferred to multi signature custodial account managed by:

  • Jake Hartnell (JUNO Network)
  • Daniel Pittman (Regen Network)
  • Pete Hill (JUNO Validator)

The defined amount of NCTs purchased by the custodians of the multi-sig account, any funds remaining after this will be returned to the community pool.

Draft proposals and discussion with the community resulting in this much improved and refined proposal can be found on commonwealth here: https://commonwealth.im/juno/discussion/8826-make-juno-carbon-neutral-by-purchasing-and-retiring-ecocredits