Key Impact Points:

• Meta commits $35 million for carbon removal projects as part of its net zero emissions goal by 2030.
• This pledge aligns with the U.S. Department of Energy’s challenge to scale carbon removal technologies.
• Meta aims to reduce emissions across its value chain, supporting both nature-based and technological carbon removal efforts.

Why it matters:

Meta has joined the U.S. Department of Energy’s Carbon Dioxide Removal Purchasing Challenge, pledging $35 million for carbon removal projects. This is part of Meta’s broader commitment to reach net zero emissions across its value chain by 2030.

What’s new:

Meta’s $35 million pledge matches the DOE’s commitment to advance carbon removal technologies and follows similar moves by other industry leaders like Google. These initiatives are crucial to scaling carbon removal efforts and reducing the global cost of these technologies.

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The big picture:

According to the Intergovernmental Panel on Climate Change, reducing emissions alone is not enough. Carbon removal must also play a significant role in achieving a net zero future. Meta is focusing on cutting emissions where possible and investing in carbon removal for any residual emissions.

What they’re saying:

Meta commented: “We hope our pledge will encourage others to make similar commitments, helping to scale the market for carbon removal technologies and contribute to a net zero future.”

Looking ahead:

Meta will continue to work alongside partners like the DOE to expand carbon removal solutions, with a focus on both nature-based projects and technological advancements.