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 Värtan 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.
