Microsoft Partners with Aker Carbon Capture, CO280 to Scale Carbon Removal Market

Microsoft, Aker Carbon Capture, and CO280 have joined forces to accelerate the growth of the carbon removal market. The collaboration aims to scale up the entire value chain of carbon removal, from project development to digital measurement, tracking, verification, and reporting. The partnership comes in response to the findings of the landmark 2022 Intergovernmental Panel on Climate Change (IPCC) report, which emphasized the need for large-scale carbon dioxide removal methods to limit global warming to 1.5°C. While existing solutions for capturing and storing CO2 exist, they are currently limited in scale and face challenges in quality and verification. The collaboration between Microsoft, Aker Carbon Capture, and CO280 seeks to address these challenges by exploring the development of carbon capture projects in the United States and Canada, standardizing assessment and measurement systems, and creating a digital tool for comparing carbon removal projects against Microsoft’s criteria for high-quality carbon removal. The partnership represents Microsoft’s ongoing commitment to the carbon removal market and its goal of becoming carbon negative by 2030. By leveraging technology to establish a digital value chain for carbon tracking and reporting, the collaboration aims to support the decarbonization efforts of asset-intensive industries and enable the market for high-integrity carbon removal credits. Resources: https://www.esgtoday.com/microsoft-partners-with-aker-carbon-capture-co280-to-scale-carbon-removal-market/