Microsoft taps Alt Carbon in sign of India’s growing role in carbon removal

Microsoft signed an agreement with Alt Carbon on March 11, 2024, to purchase carbon removal credits. This deal signifies India's increasing importance in the global carbon removal market. Alt Carbon stated that the agreement was the culmination of over a year of scientific evaluation and due diligence, which included Microsoft's demand for enhanced verification and data-sharing protocols. The partnership underscores Microsoft's commitment to its ambitious climate goals, including its pledge to remove all historical carbon emissions by 2050. Alt Carbon, an Indian company, is focused on developing nature-based solutions for carbon sequestration. The agreement highlights the growing demand for verifiable carbon removal technologies and services, positioning India as a key player in this emerging sector.