Google commits $35 million to carbon removal credits, matching DOE initiative

Google has announced its commitment to purchasing $35 million in carbon removal credits, aligning with the Department of Energy’s (DOE) carbon removal purchase program launched on the same day. This initiative invites organizations to make substantial commitments in the voluntary carbon market to accelerate its growth and impact.

Through its Carbon Dioxide Removal Purchase Pilot Prize, the DOE aims to catalyze investment in carbon removal solutions. Google’s decision to match the DOE’s $35 million investment marks a significant milestone, making it the first company to participate in the pilot effort.