Microsoft inks massive carbon removal deal powered by a paper mill
1. Microsoft is purchasing 3.7 million metric tons of carbon credits. 2. The carbon capture facility starts operations in 2028 and aims for carbon neutrality. 3. Microsoft generated 17.1 million tons of emissions in 2023, needing offsetting. 4. CO280's project captures significant biogenic carbon from pulp and paper mills. 5. Credits sold at $200/ton may reduce costs via Inflation Reduction Act tax credits.