Google announced that in 2024, they have signed a contract to buy over $100 million in carbon removal credits, investing in a range of cutting-edge technologies such as restoring natural carbon sinks, enhanced rock weathering (ERW), biomass and biochar capture, and direct air carbon capture (DAC) technology.
This investment is much higher. three times compared to the minimum commitment of $35 million that Google made in March 3 in the initiative. United States Department of Energy (DOE) to promote decarbonization of the industry through supporting technological innovation.
🎯 Google's Sustainability Goals:
✔ Achieved net emissions of 0 throughout the value chain in the year 2030
✔ Reduce 50% of total absolute emissions (Scope 1, 2 & 3) compared to 2019 levels
✔ Promote the development of technology- and nature-based carbon removal solutions
🔹 Google's Notable Investments in Carbon Removal:
- Total carbon purchased by Google: nearly 800.000 tons
- 344.000 tons from biomass capture (CO280) and biochar (Varaha, Charm)
- Contract 200.000 tons with startups Terradot on enhanced rock weathering (ERW)
- Contract 100.000 tons with DAC provider Holocene
- Other agreements with CarbonRun (river acidification) and 280 Earth (DAC)
💡 Long-term cooperation and commitment:
- 5 / 2024, Google co-founded Meta, Microsoft and Salesforce Symbiosis, a market alliance to support the development of a nature-based carbon credit market, with committed to buying up to 20 million tons of carbon credits.
🗣 Randy Spock, Head of Carbon Credits & Removals at Google shares:
“We’re driving solutions that maximize our impact on the planet. In 2024, we’re investing more than $100 million in carbon removal, triple our original commitment, to drive solutions that both Google and the world need.”
He also stressed that Google will continue to expand investment on carbon removal and looking for new approaches to take swift action to mitigate climate change. 🌍💚