Microsoft Goes Big In Brazil’s Voluntary Carbon Credit Market
- Tech giant’s purchase from Mombak to remove 1.5 million tons
- Brazilian startup tapping shift away from carbon offsets
Microsoft Corp is making a big move into Brazil’s voluntary carbon market with a deal to buy credits from a large-scale project to reforest degraded parts of the Amazon.
The US technology giant has agreed to purchase as many as 1.5 million carbon removal credits through 2032 from Brazilian startup Mombak Gestora de Recursos Ltda., which is planting more than 100 species of native trees on deforested farmland in the Amazon.