Microsoft to Purchase 1.5 Million Tons of Carbon Removal Credits in India

Microsoft has agreed to purchase 1.5 million tons of carbon removal credits over the next 30 years from a large-scale afforestation project in India. The agreement was signed with Climate Impact Partners, a provider of carbon markets solutions, and Terra Natural Capital, a firm that offers climate project finance. Climate Impact is the project developer, while Terra Natural is the project's major funder.

“By securing a long-term supply of high-quality carbon credits, this model empowers companies like Microsoft to meet their ambitious climate targets, drive growth in the carbon removal market, and bring benefits to communities most impacted by climate change,” said Sheri Hickok, CEO, Climate Impact Partners.

Commenting on the agreement, Brian Marrs, senior director of energy markets at Microsoft, said: “Panna forms an important part of our growing portfolio of carbon removal projects – our first in India and largest in the APAC region. The collaboration with Climate Impact Partners helps to ensure that millions more trees are planted, more carbon is removed from the atmosphere, more jobs are created, and more finance flows back to local communities.”