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
-
Why Colorado’s Koloma Has Japan’s Largest Utility Hooked
Inside This Issue ⚡ JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy 🔬 New CATF Tool Provides Framework for Self-Assessment and Strengthening of Biomass Carbon Remo...
-
LNK Energies Targets $6.50 Hydrogen With No Federal Subsidies
Inside This Issue 🚛 MIT Startup Says It Can Turn Diesel Trucks Into Cheaper Hydrogen Haulers, See It at Disrupt 🏭 Baytown City Council Briefs: ExxonMobil Blue Hydrogen Agreement Approved 🌎 Colorad...
-
Why Gulf Coast CCS Teams Are Watching Liverpool Bay
Inside This Issue 💂 Eni’s Douglas Platform Sets the Offshore CCS Blueprint 🌲 Pacolet Milliken Expands Its Biomass Platform With the Acquisition of Georgia Renewable Power 🧪 Metacon Receives EU Fun...
Company Announcements
-
A new interactive tool from Clean Air Task Force (CATF) provides a practical framework for the self-assessment and strengthening of biomass carbon removal (BiCRS) protocols to help ensure that carb...
-
LanzaJet Secures Financing to Scale SAF Production and Supply Global Customers
CHICAGO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- LanzaJet, Inc., a leading next-gen fuels technology company and fuels producer, today announced fully committed new financing of at least $20 million to s...
-
44.01 and Frontier Advance Permanent CO₂ Storage Through In-Situ Mineralization
44.01's in-situ mineralization (ISM) process turns CO₂ into solid rock underground in a few years, after which the risk of reversal is functionally zero. >> In Other News: JERA Invests in ...
-
JERA Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy
JERA Co., Inc. (JERA), through its corporate venture capital arm JERA Ventures, has invested in Koloma, Inc. (Koloma), a U.S.-based natural hydrogen exploration and development company. The invest...