The Biden administration is working on a leaderboard of the country’s top corporate buyers of carbon removal credits as part of its broader effort to help commercialize technologies that can filter carbon dioxide from the air and oceans.
One company is already atop that list: Google.
The search giant on Thursday committed to spend at least $35 million over the next year on purchasing carbon removal credits. That makes it the first company to take part in the Department of Energy’s Carbon Dioxide Removal Purchasing Challenge, which the agency announced the same day.
DOE hopes its new program, dubbed the CO2RP Challenge, will make it easier for more corporations to offset their unavoidable emissions via carbon removal and give the fledgling climate tech industry a much-needed boost.
