Google Signs $10 Million Carbon Capture Deal with Holocene at $100 per Ton

Sep 10, 2024, 09:36 PM

Google has signed a significant carbon capture deal as part of its broader strategy to reduce carbon emissions. The tech giant plans to buy carbon removal credits from direct air capture provider Holocene at a cost of $100 per ton of CO2, which is notably lower than current market prices. The total value of the deal is $10 million, and the credits are expected to be delivered by the early 2030s. This move aligns with Google's ongoing efforts to address climate change and reduce its carbon footprint.