Microsoft has extended its dominance of the market for carbon removals with a series of deals that involve direct air capture in North America and burning rubbish for energy in Oslo.
The $2.8tn software group accounts for about 80 per cent of credits ever purchased from technology-based carbon removal projects, rising to make up 92 per cent of purchases in the first half of the year, according to data provider AlliedOffsets. Microsoft’s spending accounts for about $8bn of the $9.5bn market to date.
Big Tech rivals Amazon and Google have bought fewer credits, which each represent one tonne of CO? removed from the atmosphere. They respectively make up 0.7 per cent and 1.4 per cent of the market.
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