Growing Our Commitment to Carbon Removal with the U.S. Department of Energy
Published by Todd Bush on October 17, 2024
Meta is pledging to contract at least $35 million for carbon removal projects in the coming year as part of our goal to achieve net zero emissions across our value chain in 2030.
This is a direct response to the Carbon Dioxide Removal Purchasing Challenge presented by the U.S. Department of Energy (DOE), which calls for companies to help catalyze carbon removal at gigaton scales in the coming decades.
Our pledge matches DOE’s own commitment to advance technologies that remove carbon dioxide directly from the atmosphere.
The latest Intergovernmental Panel on Climate Change report makes it clear that emissions reduction and carbon removal are complementary and necessary for a net zero future.
Reducing our GHG emissions across our global operations and value chain remains the most effective strategy to reach net zero.
We will also be supporting high-quality nature-based and technological carbon removal for any residual emissions we cannot eliminate to reach our goal.
Carbon removal will not only play an important role in helping us reach net zero emissions across our value chain in 2030, but it will also help the world avoid the worst effects of climate change.
We hope our pledge will encourage others to make similar pledges, ultimately helping to scale the market and reduce the cost of carbon removal technologies.
We are excited to continue our work to help build the carbon removal market, and look forward to working with partners like DOE to scale climate solutions vital to achieve a net zero future.
>> In Other News: EPA Releases 2023 Data Collected Under Greenhouse Gas Reporting Program
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
The Next Big Thing in Carbon Capture? Trash.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
-
America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
-
Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Company Announcements
-
New CTO Helin Cox to Propel Climeworks’ Carbon Removal Tech to the Next Level
Zürich April 1st, 2025 – Helin Cox, an experienced engineer with a track record of successfully scaling critical climate technologies, joins Climeworks as Chief Technology Officer, effective immedi...
-
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE),...
-
Vitry-le-François, France – April 2, 2025, 08:00 am (CET) – Haffner Energy (ISIN: FR0014007ND6 – Ticker: ALHAF) (the "Company") announces the success of its €6,995,496M cash Capital Increase with p...
-
The Texas Railroad Commission permits provide for 12 salt caverns capable of storing natural gas, hydrogen, natural gas liquids and other products at TRU Hub, which is located in Southeast Texas in...