Google has entered into an agreement with Brazilian startup Mombak to purchase 50,000 metric tons of nature-based carbon removal credits by 2030. This marks Google’s first investment in forestry-based carbon removal credits.
Following a 2023 sustainability report that revealed a troubling 48% increase in emissions compared to 2019, Google revised its sustainability strategy in 2024.
The company has shifted focus from acquiring carbon capture and storage (CCS) offsets to actively reducing its own emissions and investing in COâ‚‚ removal projects.
Earlier this year, Google announced its intention to secure at least $35 million worth of carbon removal credits over the next 12 months.
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Additionally, Google is a founding member of the Symbiosis Coalition, which includes Microsoft, Meta, and Salesforce, and is committed to purchasing 20 million tons of nature-based COâ‚‚ removal credits by 2030.
In addition to Google’s investment, Microsoft has also acknowledged Mombak’s innovative approach, pledging to purchase up to 1.5 million credits from the startup.
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Mombak’s high-quality carbon credits are supported by advanced technology and data, ensuring significant environmental benefits while reducing the risk of carbon leakage.
Aiming to establish itself as the world’s leading carbon removal company, Mombak focuses on large-scale reforestation and atmospheric carbon sequestration. The company develops native, biodiverse reforestation initiatives in the Amazon rainforest.