Microsoft and climate finance company Catona Climate announced that they have signed a new 6-year offtake agreement, with Microsoft purchasing 350,000 tonnes of carbon removal credits generated through agroforestry projects in Kenya, and marking the latest in a series of large-scale nature-based carbon removal deals for the tech giant.
The project aims to support 15,000 local smallholder farmers, partnering with them on sustainable agroforestry practices to develop forest gardens consisting of multi-tiered mixtures of trees, shrubs, and crops on their lands, transforming mono-cropped land into nature-based carbon sinks with above and below-ground biomass and improved soils.
The deal marks the latest in a series of carbon removal agreements for Microsoft, and an extension of the company’s growing portfolio of carbon removal investments, forming part of Microsoft’s initiative to become carbon negative by 2030.
Resource: