computer-science
Microsoft’s carbon removal plans aren’t dead after all
Key takeaways
- Microsoft is purchasing 650,000 metric tons of carbon removal credits from startup Bio Circ, the company said today.
- But this one is notable because last month, two reports said the tech giant was pausing its carbon removal deals.
- For the carbon removal industry — and the startups that depend on it — there s a big difference between a pause and a recalibration.
Microsoft is purchasing 650,000 metric tons of carbon removal credits from startup Bio Circ, the company said today.
As carbon removal deals go, it’s not a big buy. But this one is notable because last month, two reports said the tech giant was pausing its carbon removal deals. Bio Circ confirmed for Tech Crunch that the purchase agreement was signed in May, weeks after Microsoft reportedly paused new deals.
For the carbon removal industry — and the startups that depend on it — there s a big difference between a pause and a recalibration. Microsoft is reportedly responsible for more than 90% of the carbon removal credit market, meaning its purchasing decisions alone can determine whether young companies in the space survive.
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