🌱Microsoft Buys 650K Metric Tons of Carbon Credits From BioCirc
Is Microsoft's Carbon Removal Plan Real?
TL;DR
Microsoft purchased 650,000 metric tons of carbon removal credits from BioCirc. This deal comes after a reported pause in new deals and amid growing concerns over Microsoft's sustainability goals.
Microsoft just bought 650,000 metric tons of carbon removal credits from startup BioCirc. The purchase agreement was signed in May, weeks after reports surfaced that Microsoft had paused new carbon credit deals. This move signals a recalibration rather than abandonment of its carbon removal program. If you're tracking Microsoft's sustainability efforts or working with carbon credits, this is crucial. The company aims to be carbon negative by 2030 but faces challenges from increased AI energy consumption and the push for fossil fuel power plants.
Key Points
Microsoft purchased 650,000 metric tons of carbon removal credits from startup BioCirc in May.
The deal comes weeks after reports surfaced that Microsoft had paused new carbon credit deals.
BioCirc's biogas projects generate carbon removal credits by capturing CO2 and storing it offshore.
Microsoft aims to be a carbon negative company by 2030, but faces challenges from increased AI energy consumption.
The purchase agreement suggests Microsoft is recalibrating its carbon removal program rather than abandoning it.
Why It Matters
If you're tracking Microsoft's sustainability efforts or working with carbon credits, this deal matters. It signals a recalibration of their approach as they face challenges from increased AI energy consumption and the push for fossil fuel power plants.
Frequently Asked Questions
Why does this matter?
If you're tracking Microsoft's sustainability efforts or working with carbon credits, this deal matters. It signals a recalibration of their approach as they face challenges from increased AI energy consumption and the push for fossil fuel power plants.
What happened?
Microsoft purchased 650,000 metric tons of carbon removal credits from BioCirc. This deal comes after a reported pause in new deals and amid growing concerns over Microsoft's sustainability goals.
Comments
Be the first to comment
Enjoyed this article?
Get it daily. 7am. Free. Reads in 5 minutes.