Salesforce Commits $25M To Scale Carbon Removal Tech

Salesforce Commits $25M To Scale Carbon Removal Tech - Carbon Herald

Salesforce recently announced a trio of significant climate initiatives aimed at accelerating a fair and sustainable energy transition, including a $25 million commitment to advancing carbon removal. 

The tech giant has joined forces with Frontier, an advance market commitment (AMC) working towards a collective purchase of over $1 billion in permanent carbon removal solutions by 2030. 

Through this membership, Salesforce pledges $25 million to propel the development, scaling, and commercialization of the most promising carbon removal technologies.

Furthermore, Salesforce has partnered with Qualitas Energy, a leading global platform dedicated to renewable energy investment, management, and development. 

This collaboration involves expanding Salesforce’s renewable energy portfolio through a new 27-megawatt (MW) solar project in Italy.

Relevant: Google, Meta, Microsoft, And Salesforce Establish World’s Largest Advance Market Commitment For Nature-Based Projects

This marks Salesforce’s first foray into European virtual power purchase agreements (VPPAs) and reinforces the company’s commitment to achieving 100% reliance on renewable energy.

Salesforce’s commitment extends beyond financial investments. The company has also allocated $3.95 million in unrestricted philanthropic grants to seven organizations actively pursuing advancements in clean energy solutions.

These moves by Salesforce underscore the critical importance of a multifaceted approach to tackling climate change. 

Relevant: Frontier Signs $58.3M Carbon Removal Deal With Vaulted

While reducing emissions remains vital, the fight demands additional measures like removing existing carbon dioxide from the atmosphere and oceans. 

Additionally, widespread investment from both public and private entities is crucial to scaling and deploying clean energy technologies like renewable sources.  

Ultimately, collective support for organizations at the forefront of the clean energy transition is essential to ensure economic and environmental prosperity for all communities. 

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