In January 2020, Microsoft announced that by 2030 it will annually remove more carbon than it emits, ultimately removing all historic emissions since the company’s launch in 1975. To support Microsoft’s ambition, Puro.earth will provide verified carbon dioxide removal tonnage from three projects on its platform.
Puro.earth identifies processes that remove CO2 from the atmosphere, co-creates carbon removal methodologies with stringent requirements and verifies the operations. The online marketplace and registry focuses solely on carbon removal, aggregating verified carbon dioxide removal suppliers and bringing them together with buyers who purchase their verified carbon removal credits, CO2 Removal Certificates (CORCs), which represent one ton of carbon removed.
“We are proud to help Microsoft in fulfilling their pledge to become carbon negative by 2030. Our mission is to mobilize income that helps suppliers accelerate the development of carbon removal technologies and with a high-profile company like Microsoft betting on the potential of industrial carbon removal to impact the climate, carbon removal scaling is taking off”, Antti Vihavainen, Co-Founder, Puro.earth
The three projects, from Puro.earth suppliers Carbofex, ECHO2 and Carbon Cycle, remove carbon dioxide from the atmosphere through production of biochar, allowing carbon to be stored in soil for hundreds of years, while also helping to restore degraded soils and improving agricultural productivity.
Elizabeth Willmott, Carbon Program Manager at Microsoft added, “Carbon dioxide removal is a vital part of tackling the atmosphere’s growing greenhouse gas concentration and we want to take responsibility for our carbon footprint. Collaborating with Puro.earth allows us to help expand the nascent carbon removal industry.”
Learn more in Microsoft's white paper Microsoft carbon removal: Lessons from an early corporate purchase.
Puro.earth is a B2B marketplace, standard and registry focused solely on carbon removals. Their mission is to help voluntary corporate buyers mobilize carbon removal at an industrial scale, so that the world can reach the potential of removing 10 Gigatons of CO2 a year by 2050. Puro.earth provides carbon removal as a service, by identifying projects, verifying them, issuing CO2 Removal Certificates (CORCs) and helping buyers create a long-term procurement portfolio to reach net zero. Aiming at climate and economic impact, Puro.earth is driving forward a global market of carbon negative industries by enabling a new revenue stream to help them scale rapidly.