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Microsoft and Climeworks sign a 10-year carbon removal offtake agreement

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Microsoft and Climeworks sign a 10-year carbon removal offtake agreement
Climeworks will remove 10,000 tons of CO2 on behalf of Microsoft as its first long-term, tech-based carbon removal supplier.

In 2020, Microsoft announced its pioneering commitment to be carbon negative by 2030 and remove all of its historic CO2 emissions by 2050. One year later, Climeworks’ carbon dioxide removal was the only DAC solution selected by Microsoft for its first carbon removal portfolio, after successfully passing an extensive review process.

Now, Climeworks is proud to take its collaboration with Microsoft one step further by becoming its first long-term carbon removal supplier. The two companies signed a 10-year carbon removal offtake agreement, where Climeworks will permanently remove 10’000 tons of CO₂ emissions from the atmosphere on Microsoft’s behalf. This second and forward-looking commitment is one of the largest DAC agreements ever signed and proof of Microsoft’s conviction of both Climeworks’ technology and ability to scale.

Christoph Gebald, co-CEO and co-founder of Climeworks said,“We are thrilled to sign our second carbon removal contract with Microsoft and work together in the long run. Long-term commitments like this multi-year agreement are crucial for scaling the DAC industry because the guaranteed demand catalyzes financing of our infrastructure and consequently accelerates the development of the required ecosystem for scaling DAC”

Lucas Joppa, Chief Environmental Officer at Microsoft said,“Microsoft’s multi-year offtake agreement with Climeworks is an important step towards realizing the ‘net’ in net zero. Our experience in purchasing renewable energy shows that long-term agreements can provide an essential foundation for society’s race to scale new decarbonization technologies. Paired with Microsoft’s Climate Innovation Fund investment in Climeworks’ direct air capture plant, this agreement with Climeworks can help kickstart the commercial and technical progress in a nascent but crucial industry to achieve IPCC targets.”

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Carbon Capture Editorial Team

Carbon Capture Editorial Team