STOCK TITAN

Growing Our Commitment to Carbon Removal With the U.S. Department of Energy

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Meta has announced a commitment to invest at least $35 million in carbon removal projects over the next year, aligning with the U.S. Department of Energy's Carbon Dioxide Removal Purchasing Challenge. This initiative supports Meta's goal to achieve net zero emissions across its value chain by 2030.

The commitment matches the DOE's own pledge to advance atmospheric carbon dioxide removal technologies. Meta emphasizes that while reducing greenhouse gas emissions remains their primary strategy, they will support both nature-based and technological carbon removal solutions for residual emissions. The company aims to help scale the carbon removal market and reduce associated technology costs.

Meta ha annunciato un impegno a investire almeno 35 milioni di dollari in progetti di rimozione del carbonio nel corso del prossimo anno, in linea con la Sfida all'Acquisto di Rimozione del Biossido di Carbonio del Dipartimento dell'Energia degli Stati Uniti. Questa iniziativa supporta l'obiettivo di Meta di raggiungere emissioni nette pari a zero lungo tutta la sua catena del valore entro il 2030.

L'impegno è in linea con la promessa del DOE di promuovere tecnologie per la rimozione del biossido di carbonio atmosferico. Meta sottolinea che, sebbene la riduzione delle emissioni di gas serra rimanga la loro strategia principale, supporteranno sia soluzioni di rimozione del carbonio basate sulla natura che tecnologiche per le emissioni residue. L'azienda mira a contribuire alla scala del mercato di rimozione del carbonio e a ridurre i costi delle tecnologie correlate.

Meta ha anunciado un compromiso de invertir al menos 35 millones de dólares en proyectos de eliminación de carbono durante el próximo año, alineándose con el Desafío de Compra de Eliminación de Dióxido de Carbono del Departamento de Energía de los EE. UU. Esta iniciativa apoya el objetivo de Meta de lograr emisiones netas cero a lo largo de su cadena de valor para 2030.

El compromiso coincide con la propia promesa del DOE de avanzar en tecnologías de eliminación de dióxido de carbono atmosférico. Meta enfatiza que, aunque la reducción de emisiones de gases de efecto invernadero sigue siendo su estrategia principal, apoyarán tanto soluciones de eliminación de carbono basadas en la naturaleza como tecnológicas para las emisiones residuales. La compañía tiene como objetivo ayudar a escalar el mercado de eliminación de carbono y reducir los costos asociados a la tecnología.

메타는 향후 1년 동안 탄소 제거 프로젝트에 최소 3,500만 달러를 투자하겠다고 발표하며, 이는 미국 에너지부의 이산화탄소 제거 구매 챌린지와 일치합니다. 이 이니셔티브는 2030년까지 가치 사슬 전반에 걸쳐 탄소 중립 달성을 목표로 하는 메타의 목표를 지원합니다.

이 약속은 DOE의 이산화탄소 제거 기술을 발전시키려는 공약과 일치합니다. 메타는 온실가스 배출 감소가 여전히 주요 전략임을 강조하며, 남은 배출량에 대해 자연 기반 및 기술적 탄소 제거 솔루션을 모두 지원할 것이라고 밝혔습니다. 이 회사는 탄소 제거 시장을 확장하고 연관된 기술 비용을 줄이는 데 기여하고자 합니다.

Meta a annoncé un engagement d'investir au moins 35 millions de dollars dans des projets de capture de carbone au cours de l'année prochaine, s'alignant sur le défi d'achat de capture de dioxyde de carbone du ministère de l'Énergie des États-Unis. Cette initiative soutient l'objectif de Meta d'atteindre zéro émission nette dans toute sa chaîne de valeur d'ici 2030.

L'engagement est en phase avec la promesse du DOE de faire progresser les technologies de capture de dioxyde de carbone atmosphérique. Meta souligne que, bien que la réduction des émissions de gaz à effet de serre reste leur stratégie principale, ils soutiendront des solutions de capture de carbone à la fois basées sur la nature et technologiques pour les émissions résiduelles. L'entreprise vise à aider à développer le marché de la capture de carbone et à réduire les coûts technologiques associés.

Meta hat angekündigt, in den nächsten Jahren mindestens 35 Millionen Dollar in Projekte zur Kohlenstoffentfernung zu investieren, um mit der Kohlenstoffdioxid-Entfernungsherausforderung des US-Energieministeriums übereinzustimmen. Diese Initiative unterstützt Metas Ziel, bis 2030 Netto-Null-Emissionen in der gesamten Wertschöpfungskette zu erreichen.

Das Engagement stimmt mit dem eigenen Versprechen des DOE überein, Technologien zur atmosphärischen Kohlenstoffdioxid-Entfernung voranzutreiben. Meta betont, dass die Reduzierung von Treibhausgasemissionen weiterhin ihre Hauptstrategie bleibt, sie werden jedoch sowohl naturbasierte als auch technologische Lösungen zur Kohlenstoffentfernung für verbleibende Emissionen unterstützen. Das Unternehmen zielt darauf ab, den Markt für Kohlenstoffentfernung zu skalieren und die damit verbundenen Technologiekosten zu senken.

Positive
  • Commitment of $35 million investment in carbon removal projects
  • Strategic alignment with U.S. Department of Energy initiatives
  • Clear environmental target with 2030 net zero emissions goal
Negative
  • Significant financial commitment required for carbon removal projects
  • Ongoing operational costs associated with emissions reduction efforts

NORTHAMPTON, MA / ACCESSWIRE / December 4, 2024 / Meta

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.


Photo by Heirloom

View additional multimedia and more ESG storytelling from Meta on 3blmedia.com.

Contact Info:
Spokesperson: Meta
Website: https://www.3blmedia.com/profiles/meta
Email: info@3blmedia.com

SOURCE: Meta



View the original press release on accesswire.com

FAQ

How much is Meta (META) investing in carbon removal projects?

Meta is pledging to invest at least $35 million in carbon removal projects over the next year.

What is Meta's (META) net zero emissions target date?

Meta aims to achieve net zero emissions across its value chain by 2030.

What types of carbon removal solutions will Meta (META) support?

Meta will support both high-quality nature-based and technological carbon removal solutions for residual emissions.

How does Meta's (META) carbon removal pledge align with the DOE?

Meta's pledge matches the U.S. Department of Energy's commitment to advance carbon dioxide removal technologies.

Meta Platforms, Inc.

NASDAQ:META

META Rankings

META Latest News

META Stock Data

1.49T
2.18B
0.17%
79.41%
1.18%
Internet Content & Information
Services-computer Programming, Data Processing, Etc.
Link
United States of America
MENLO PARK