Microsoft to buy 500,000 tonnes of carbon removals a year through extended agreement with Stockholm Exergi
"A huge vote of confidence in our BECCS project."
Microsoft has extended its carbon removal agreement with Stockholm Exergi, and will now purchase 500,000 tonnes of bio-energy with carbon capture and storage (BECCS) credits per year â one of the worldâs largest deals to date.
Microsoft signed a historic carbon capture deal with the Swedish carbon removal company last year for the purchase of 3.33 million tonnes of BECCs removal credits over 10 years. This has now been extended to 5.08 million tonnes, bringing the annual amount to be retired by Microsoft to 500,000 tonnes.
