Inside Microsoft's Record Breaking Carbon Removal Contract
The company signed a contract for 3.3 million metric tons of offsets over 10 years from a facility in Stockholm.
Greenbiz 11:24 am on May 22, 2024
Microsoft signed its largest carbon removal contract, purchasing 3.3 million metric tons of offsets from a Stockholm biomass plant over ten years to help reach corporate sustainability goals. The agreement represents the company's significant investment in bioenergy with carbon capture and storage (BECCS) technology, which involves capturing CO2 emissions at waste-based facilities before releasing them into the atmosphere.
- Company Signature: Microsoft secured a record contract for 3.3 million metric tons of carbon removal offsets.
- Location and Process: Stockholm biomass power plant, utilizing BECCS technology to capture CO2 emissions from waste sources.
- Time Frame: Ten-year agreement for offsetting carbon emissions as part of sustainability initiatives.
- Technology Involved: Bioenergy with Carbon Capture and Storage (BECCS) captures CO2 from waste biomass facilities, mitigating greenhouse gases before they enter the atmosphere.
- Corporate Strategy: Integration of carbon removal to offset unavoidable emissions within Microsoft's broader sustainability goals.
https://www.greenbiz.com/article/inside-microsofts-record-breaking-carbon-removal-contract