Alphabet, Microsoft, and Salesforce commit $500 million to carbon removal.
Børge Brende, John Kerry, Xie Zhenhua, Geraldine Matchett, Elizabeth Wathuti, and Marc Benioff attend the annual meeting of the World Economic Forum in Davos, Switzerland, on May 24th, 2022.pledged
Regardless, these companies have a lot of work left to do to deal with their own emissions. Carbon dioxide removal isn’t the solution for Big Tech’s own pollution. Specifically, the UN report says, “CDR to counterbalance hard-to-abate residual emissions is unavoidable” in scenarios that limit global warming to a more manageable level of 1.5 degrees Celsius. In climate policy jargon, “hard-to-abate residual emissions” typically come from just a handful of sectors. That includes heavy industry that manufactures things like cement, steel, aluminum, and chemicals. It also extends to heavy-duty transportation like shipping and aviation.
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