Microsoft will pay to capture carbon from burning wood

Art depicts cartoon balloons attached to the tops of four smokestacks.
Illustration by Hugo Herrera / The Verge

Microsoft just backed a big plan to capture carbon dioxide emissions from a wood-burning power plant. Today, the tech giant announced a deal with Danish energy company Ørsted to purchase credits representing 2.76 million metric tons of carbon dioxide captured at Ørsted’s Asnæs Power Station over 11 years.

It’s one of the biggest deals any company has made to date to draw down carbon dioxide emissions, according to a press release from Ørsted. The move is supposed to help Microsoft hit its goal of becoming carbon negative by 2030, the point at which the company is removing more planet-heating carbon dioxide from the atmosphere than it generates through its operations.

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