Meta Jointly Pledges $925 Million to Achieve Net Zero Emissions by 2030, Says Mark Zuckerberg
New Delhi: Meta (formerly Facebook) CEO Mark Zuckerberg said on Tuesday that the company’s goal is to achieve net-zero emissions across its entire value chain by the end of 2030.
Zuckerberg wrote in a Facebook post that reducing global emissions is key, but removing carbon from the atmosphere will also be important.
“In addition to my personal carbon removal investments at CZI, Meta is jointly committing $925 million alongside Stripe, Shopify, McKinsey and Alphabet to accelerate the development of carbon removal technologies over the next Next 9 years. Glad to see this sort of collaboration,” Zuckerberg added.
The role of the Chan Zuckerberg initiative in the fight against climate change
CZI, short for Chan Zuckerberg Initiative, is an organization created and owned by Zuckerberg and his wife Priscilla Chan. According to CZI’s official website, the organization was founded in 2015 to help solve some of society’s toughest challenges.
In October 2021, CZI announced $10 million in funding for the first-ever Breakthrough Energy Fellows program, which identifies and supports entrepreneurs and researchers who will work to develop, scale, and commercialize the most advanced decarbonization technologies. more promising ones that have the potential to reduce carbon dioxide. emissions of at least 500 million tonnes per year by 2050.
“We believe in the power of innovation and collaboration to drive impactful change, and we are proud to support new Breakthrough Energy Fellows to create and scale climate and clean energy technologies that will help us to achieve net zero emissions by 2050,” CZI said. said founders and co-CEOs Chan and Zuckerberg in a statement.
Meta’s commitment to the fight against climate change
In November 2021, Meta announced that the company was expanding its Climate Science Center to over 100 countries to connect more people with evidence-based resources from leading climate organizations.
The company said it would continue to add information labels to climate change messages and direct people to the Climate Science Center.
Meta also announced the launch of Green Boost, a new sustainability training program to help small businesses reduce carbon emissions and grow sustainably.
Meta wrote in a November 2021 blog post that the company achieved net zero emissions in 2020 for its global operations and is backed by 100% renewable energy.
Meta claims to have reduced its greenhouse gas emissions by 94% since 2017.
The company has also pledged to become water positive by 2030. This means the tech giant has set a goal for its operations to return more water than it uses. 2030.
Meta has also invested in renewable energy and is committed to achieving net zero emissions in its value chain by the end of 2030.
How does Meta plan to fight climate change?
Meta claims to be doing its part to meet the global challenge of climate change by striving to minimize energy consumption, emissions and water impact, while protecting workers and the environment in its value chain. .
“Climate change is one of the biggest challenges we face. Providing essential technologies and reliable climate information to billions of people is at the heart of how Meta can respond to the crisis. And we believe that we can do it with a net zero carbon footprint,” Mike Schroepfer, Meta’s chief technology officer, was quoted on the company’s website.
Meta’s strategy for minimizing environmental impact is anchored by three components and a science-based goal to help drive change in the many communities in which the tech giant operates.
The three components include minimizing the environmental footprint through operational excellence, leveraging the company’s platform to develop innovative solutions to catalyze climate action, and collaborating with others to better understand the problem.