Meta has signed a maritime fuel offtake agreement with Danish shipping company Norden to acquire carbon offset credits. The emission solution works by burning biofuel on a Norden-operated vessel, with the emission reduction subsequently allocated to Meta using a book and claim chain of custody system.
“Our book and claim solution allows customers of marine transportation across the globe to take advantage of emissions reductions from biofuels, even when biofuels are not physically available to be bunkered on a specific trading route or voyage,” said Anne Jensen, COO at Norden.
Devon Lake, head of net zero strategy at Meta, said: “Innovative solutions such as those that Norden is providing are critical for companies like Meta to decarbonize our value chain at the pace and scale required to achieve our emissions reduction targets.”
