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Microsoft signs massive carbon credit deal with reforestation startup Chestnut Carbon
The 25-year deal would enable Chestnut Carbon to reforest 60,000 acres of land across Arkansas, Louisiana, and Texas.
Microsoft reported last year that its emissions rose 29% since 2020 as a result of the boom in AI and cloud computing, imperiling its 2030 goal to sequester more carbon than it produces. Chestnut Carbon focuses on reforestation, in which the company facilitates tree planting and then monitors the new forests to ensure they grow as planned and aren’t cut down. Verra, which has the largest nature-based carbon credit portfolio, was the subject of an extensive investigation in 2023 which reported that the organization overstated the climate benefit of its projects.
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