Microsoft Buys More Carbon Credits in Brazil Reforestation Push
- US tech giant makes second major offset purchase in six months
- Ex-central banker, billionaire clan among developer’s backers
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Microsoft Corp. is teaming up with a former Brazilian central banker and a billionaire family to reforest large sections of Latin America’s largest country.
The US technology giant has agreed to buy 3 million tons of removal credits over 15 years from re.green, a two-year-old reforestation company. It’s Microsoft’s second agreement in the past six months to purchase nature-based carbon credits in Brazil, underscoring the country’s potential to supply voluntary carbon markets.