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Amazon Invests in Direct Air Capture Technology to Offset Carbon Emissions

ESGAmazon Invests in Direct Air Capture Technology to Offset Carbon Emissions

Amazon has announced its first investment in direct air capture (DAC) technology, committing to acquiring “250,000 tons of removal credits over 10 years” from the 1PointFive DAC plant in Texas, developed by Occidental’s Oxy Low Carbon Ventures subsidiary. These removal credits will help Amazon work towards its goal of achieving net-zero carbon emissions by 2040. Amazon’s 2022 carbon footprint was approximately 71.27 million metric tons of carbon dioxide equivalent, including Scope 3 emissions like employee business travel.

DAC technology involves capturing carbon dioxide (CO2) directly from the air and can generate removal credits that companies can use to offset their emissions. Amazon is focusing on reducing emissions, adopting renewable energy, and exploring various carbon offset solutions to meet its carbon neutrality goals.

The 1PointFive project has received recognition and significant support, including a major grant from the U.S. Department of Energy for DAC technology. While DAC has potential in addressing climate change, it remains relatively expensive and faces challenges in scaling up.

Amazon’s investment in DAC reflects the growing interest of major companies in carbon removal technologies as part of their climate strategies. However, it is important to acknowledge that DAC alone cannot solve the climate crisis, and a comprehensive approach to emissions reduction and removal is necessary.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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