We are investing to preserve and develop ecosystems that store carbon naturally, with the goal of achieving annual sequestration capacity of 5 to 10 million tons of CO2 by 2030.
TotalEnergies and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateau. The new forest will create a carbon sink that will sequester more than 10 million tons of CO2 over 20 years, to be certified in accordance with the Verified Carbon Standard (VCS) and Climate, Community & Biodiversity (CCB) standards.
TotalEnergies does not intend to trade these carbon credits; they will be produced solely for the purpose of achieving carbon neutrality for the Company’s own Scope 1 & 2 emissions. We will publish an annual report with details of carbon credits certified, stored and used as from 2030.
$100M
Average amount TotalEnergies aims to invest each year to develop natural carbon sinks