Tech giant Meta has signed a carbon credits deal worth $6.75 million with global climate finance firm Aspiration Partners. The deal will enable Meta to ramp up its nature-based carbon removal solutions as part of its goal to reach net zero emissions by 2030. Aspiration Partners has been developing innovative carbon removal solutions for over a decade, providing high-quality nature-based carbon credits for companies. Meta agreed to purchase almost 7 million (6.75m) tonnes of CDR credits from Aspiration, which will be delivered within the 8-year period from 2027 to 2035. These credits will be from various carbon projects managed by Aspiration, including ecosystem restoration such as native reforestation, agroforestry, and sustainable agriculture practices.
Tracy Johns, Meta’s head of carbon removal program, highlighted that carbon credits are one of the ways for the company to achieve its ambitious net zero goals. She stated that through carefully selected partnerships and projects like this carbon credit purchase with Aspiration, Meta aims to manage and minimize its environmental impact while accelerating its path to net zero in a responsible and scalable manner. Meta chose Aspiration for this particular deal because of the latter’s high standard in evaluating natural carbon removal solutions. Aspiration ensures that the carbon projects it supports are high-quality with verifiable carbon removal credits. To achieve that, the California-based sustainability firm requires projects to have environmental and social benefits.
Olivia Albrecht, CEO at Aspiration, emphasized the importance of their strategic carbon credit partnership, stating that many of these projects wouldn’t be able to get off the ground without this type of corporate commitment, which illustrates how companies can amplify their efforts and make a more significant impact on global climate goals. The deal with Aspiration is just one of the many climate commitments of Meta. Apart from backing up nature-based carbon removal projects, Meta is also helping expand other removal capabilities globally. Last year, it collectively committed around $1 billion for developing technology-based carbon removals alongside Stripe, Shopify, McKinsey, and Google.
Both natural and technological carbon removal solutions are crucial in meeting the world’s net zero emissions by 2050 target. The IPCC has been sure of that. But the recent intention of the United Nations hinted that they find nature-based carbon removals more favorable. In a note, the UN panel stated that technology-based carbon removals “do not contribute to sustainable development, and do not contribute to reducing the global mitigation costs.” This shocked the early rising carbon removal industry, but this has yet to be finally decided by the UN body.
The recent partnership between Meta and Aspiration shows the scale at which companies consider nature-based carbon credits as part of their climate and sustainability roadmaps. Aspiration Partners has been developing innovative carbon removal solutions for over a decade, providing high-quality nature-based carbon credits for companies. Meta agreed to purchase almost 7 million (6.75m) tonnes of CDR credits from Aspiration, which will be delivered within the 8-year period from 2027 to 2035. These credits will be from various carbon projects managed by Aspiration, including ecosystem restoration such as native reforestation, agroforestry, and sustainable agriculture practices. Tracy Johns, Meta’s head of carbon removal program, highlighted that carbon credits are one of the ways for the company to achieve its ambitious net zero goals. She stated that through carefully selected partnerships and projects like this carbon credit purchase with Aspiration, Meta aims to manage and minimize its environmental impact while accelerating its path to net zero in a responsible and scalable manner. Meta chose Aspiration for this particular deal because of the latter’s high standard in evaluating natural carbon removal solutions. Aspiration ensures that the carbon projects it supports are high-quality with verifiable carbon removal credits. To achieve that, the California-based sustainability firm requires projects to have environmental and social benefits.
Olivia Albrecht, CEO at Aspiration, emphasized the importance of their strategic carbon credit partnership, stating that many of these projects wouldn’t be able to get off the ground without this type of corporate commitment, which illustrates how companies can amplify their efforts and make a more significant impact on global climate goals. The deal with Aspiration is just one of the many climate commitments of Meta. Apart from backing up nature-based carbon removal projects, Meta is also helping expand other removal capabilities globally. Last year, it collectively committed around $1 billion for developing technology-based carbon removals alongside Stripe, Shopify, McKinsey, and Google.
Both natural and technological carbon removal solutions are crucial in meeting the world’s net zero emissions by 2050 target. The IPCC has been sure of that. But the recent intention of the United Nations hinted that they find nature-based carbon removals more favorable. In a note, the UN panel stated that technology-based carbon removals “do not contribute to sustainable development, and do not contribute to reducing the global mitigation costs.” This shocked the early rising carbon removal industry, but this has yet to be finally decided by the UN body.
The recent partnership between Meta and Aspiration shows the scale at which companies consider nature-based carbon credits as part of their climate and sustainability roadmaps.
