We agree that the world confronts an urgent carbon problem and we all must do more and move faster to reach a net zero-carbon future. The reality is that the world’s energy currently comes from fossil fuels and, as standards of living around the world improve, the world will require even more energy. That makes realizing a zero-carbon future one of the most complex transitions in human history.
We’re up for the challenge. That’s why we have committed to be carbon negative by 2030 and to removing all the carbon we’ve emitted since our founding by 2050. We will shift to 100% supply of renewable energy for the carbon-emitting electricity consumed by all our data centers, buildings and campuses by 2025. Technology can accelerate the transition to a zero-carbon future, so we are helping our customers reduce their carbon footprints and co-innovating low-carbon solutions. We’re also using $1 billion of our capital for climate innovation, including developing new technologies for carbon capture and removal. We are also supporting policies that advance an inclusive transition to a low-carbon future.
We’re encouraged by the growing number of energy sector commitments to transitioning to cleaner energy and lowering carbon emissions, but they can’t do it alone. Businesses, governments and civil society can rise to the challenge to meet the world’s growing energy demands and achieve a net zero carbon future.