Microsoft signs historic carbon capture deal to remove 3 million tonnes of CO2
Tech giant is betting heavily on carbon removals to achieve carbon negativity.
Microsoft has signed a historic 10-year deal with Stockholm Exergi to remove 3.33 million tonnes of CO2 from the atmosphere using bio-energy with carbon capture and storage (BECCS).
Delivery of the carbon removal certificates, emitted by Exergi from its planned VĂ€rtan BECCS facility in Stockholm, are set to begin in 2028 and will take place over a period of 10 years. The facility received environmental approvals earlier this year, and construction should begin in 2025, pending a âfinal investment decisionâ due in Q4 2024.
