Google Invests More Than $100M in Carbon Removal, Tripling 2023 Commitment

Like
Liked

Date:

Google Invests More Than $100M in Carbon Removal, Tripling 2023 Commitment

  • Google tripled its carbon removal credit purchases in 2024, investing over $100M to accelerate solutions.
  • Focused efforts include restoring natural carbon sinks, enhancing rock weathering, and optimizing biomass use.
  • Investments in direct air capture aim to drive down costs and scale long-term climate solutions.

Driving Carbon Removal at Scale

Google is ramping up its commitment to carbon removal, contracting over $100 million in credits—three times its 2023 pledge. Through independent purchases and the Frontier buying consortium, the company is supporting multiple approaches to removing CO2 from the atmosphere.

Restoring Natural Carbon Sinks

Forests and oceans sequester CO2 naturally, but measuring impact has been a challenge. To address this, Google co-founded Symbiosis, setting high standards for forestry projects and aggregating corporate demand to scale solutions. Through Frontier, it also funded CarbonRun, aimed at restoring waterways while capturing CO2.

Scaling Enhanced Rock Weathering (ERW)

Rock weathering naturally locks CO2 into stone for millennia. Google is supporting Terradot and other ERW suppliers to accelerate deployment and improve measurement. ERW, which spreads crushed rock on farmland, can enhance soil health while sequestering carbon.

Related Article: Google Joins Microsoft in Pioneering Carbon Removal Deals in Brazil

Optimizing Biomass for Carbon Capture

Each year, billions of tons of waste biomass release CO2. Google is backing projects like CO280, which integrates with existing infrastructure, and Varaha and Charm, which produce biochar, benefiting local farmers while storing carbon for centuries.

Advancing Direct Air Capture (DAC)

Technological breakthroughs are needed to scale carbon removal further. Google has invested in Holocene, which set a record-low price target for DAC credits, and 280 Earth, incubated by Alphabet’s X, to drive cost reductions in carbon capture technology.

Google’s investments aim to accelerate innovation, improve measurement, and scale carbon removal solutions critical to reaching net zero.

Follow ESG News on LinkedIn

The post Google Invests More Than $100M in Carbon Removal, Tripling 2023 Commitment appeared first on ESG News.

ALT-Lab-Ad-1
ALT-Lab-Ad-2
ALT-Lab-Ad-3
ALT-Lab-Ad-4
ALT-Lab-Ad-5
ALT-Lab-Ad-6
ALT-Lab-Ad-7
ALT-Lab-Ad-8
ALT-Lab-Ad-9
ALT-Lab-Ad-10
ALT-Lab-Ad-11
ALT-Lab-Ad-12
ALT-Lab-Ad-13

Recent Articles