Google has announced that it has contracted $100 million in carbon removal credits in 2024, exceeding its original goal of $35 million. The company has also reported that it has contracted over 790,912 tons of carbon credit removals through deals to restore carbon sinks, enhanced rock weathering, biomass carbon removals, and direct air capture. Google’s carbon removals were procured through independent purchases and deals, as well as through Frontier, a carbon removal purchasing consortium backed by Google, Stripe, Meta, and others. The company has also launched initiatives such as the Symbiosis Coalition, which aims to purchase up to 20 million tons of nature-based carbon removal credits by 2030. Google has also invested in various carbon capture projects, including a deal with CarbonRun, a Canadian carbon removal and river restoration company. The company has set a goal of adapting to the rising energy needs of artificial intelligence, which has led to a 13% increase in its emissions in 2023. Google has stopped counting carbon credits towards its net-zero goals and is now focused on investing in carbon removal solutions.
Google procures over $100 million worth of carbon removal credits for the year 2024.
