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Microsoft’s carbon-removal plans aren’t dead after all
Original from TechCrunch: Microsoft’s carbon-removal plans aren’t dead after all

Microsoft’s carbon-removal plans aren’t dead after all

Microsoft, a dominant player in the carbon-removal market, which accounts for over 90% of the sector, has recently announced a new deal to alleviate concerns among carbon dioxide removal (CDR) startups regarding its purchasing strategy. Reports had indicated that the tech giant was considering pausing its carbon removal purchases entirely, raising alarm within the industry. This new agreement, unveiled in October 2023, aims to stabilize the market and provide reassurance to emerging companies focused on carbon removal technologies. By continuing its investment in this area, Microsoft is not only reinforcing its commitment to sustainability but also fostering innovation and growth within the CDR sector.

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