Google Invests In Its First Forestry-Based Carbon Removal Credits

By Sasha Ranevska
Carbon Herald
September 23, 2024
Category: Carbon, Climate & Bioenergy
Region: United States

Tech giant Google has made a deal with Brazilian startup Mombak, agreeing to purchase 50,000 metric tons of nature-based carbon removal credits by 2030. This move marks the first instance of Google investing in forestry-based carbon removal credits. After a 2023 sustainability report showed an alarming 48% increase in emissions when compared to 2019, in 2024 Google shifted their sustainability strategy, moving away from buying carbon capture and storage (CCS) offsets and orienting towards reducing their own emissions and investing in CO2 removal projects. In March of this year, the corporation announced plans to contract at least $35M worth of carbon removal credits over the next 12 months.

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