Source: Bloomberg
Summary
Microsoft has signed a new carbon removal deal with startup Verkor, a move that may alleviate concerns among carbon dioxide removal (CDR) startups. The deal comes after reports suggested Microsoft was pausing its carbon removal purchases, which accounted for over 90% of the market. The partnership is expected to support the growth of the CDR industry.
Our Reading
The announcement sounds ambitious.
Microsoft is back in the carbon removal game, this time with Verkor. Because what the world really needed was more carbon credits. The company’s pause on purchases had CDR startups on edge, but this deal should calm those nerves. Another day, another chance for Microsoft to save the planet. Again.
Author: Evan Null
