Chief Sustainability Officers and their other C-Suite peers are entrusted with developing companies’ net zero strategies while optimizing budgets and mitigating risks. The urgency of climate action is compelling leaders to explore innovative solutions; this has brought carbon removal technologies to the center stage of the climate action discourse.
Limiting global warming to 1.5 ºC above pre-industrial levels requires significant carbon reductions and 6 to 10 billion tonnes of carbon dioxide removal per year by 2050. The voluntary carbon market (VCM) is a key mechanism to scale those solutions.
The deal with Chestnut Carbon covers the removal of 2.7 million metric tons of carbon dioxide from the atmosphere over 15 years to support Microsoft's climate ambitions.