Corporate Action
Increasingly, large, global companies and multinationals purchase carbon removal credits and offsets to reach their net zero pledges. Negative Emission Platform aims to underline a set of good practices and learnings stemming from the activities in this field from the likes of Microsoft, Stripe and Shopify and many more.
Microsoft - how to build a market for carbon removals
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In early 2020, Microsoft announced an ambitious target: to become carbon neutral along its whole value chain by 2030, including activities only indirectly related to its day-to-day business. It also plans on compensating by 2050 for its historical carbon emissions, its total carbon footprint ever since the company was created in 1975. Unlike other businesses making similar pledges, the ICT giant decided to make a cornerstone of its approach a concept called ‘carbon removal’, the act of taking carbon out of the atmosphere and storing it for decades, or centuries in plants, soil, ocean or geological formations.