- Meta is pledging to contract at least $35 million for carbon removal projects in the coming year. - This pledge is part of the goal to achieve net zero emissions across their value chain by 2030. - The commitment responds to the Carbon Dioxide Removal Purchasing Challenge from the U.S. Department of Energy. - The challenge aims to catalyze carbon removal at gigaton scales in the coming decades. - Meta's pledge aligns with the DOE’s commitment to advance technologies that remove carbon dioxide from the atmosphere. - The latest Intergovernmental Panel on Climate Change report emphasizes that emissions reduction and carbon removal are both necessary for a net zero future. - Reducing greenhouse gas emissions across global operations remains the most effective strategy to achieve net zero. - Meta will also support high-quality nature-based and technological carbon removal for any residual emissions they cannot eliminate. - Carbon removal will be vital in reaching net zero emissions and in helping the world mitigate the worst effects of climate change. - Meta hopes their pledge will motivate others to make similar commitments, scaling the market and reducing costs for carbon removal technologies. - The company looks forward to collaborating with partners like the Department of Energy to advance climate solutions necessary for achieving a net zero future.

Meta - Growing Our Commitment to Carbon Removal with the U.S. Department of Energy

October 11, 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.