https://www.protocol.com/newsletters/climate/microsoft-carbon-removal-advocacy?rebelltitem=2#rebelltitem2
Carbon removal is also front and center. Big Tech’s favorite climate solution gets a whole section in the carbon policy brief. Citing the Intergovernmental Panel on Climate Change, Microsoft laid out the need to pull 10 billion tons of carbon from the sky per year.
Going carbon negative hinges on carbon dioxide removal.
But those services remain expensive, costing hundreds of dollars per ton, and companies offering them are only capable of removing thousands of tons per year. For reference, Microsoft’s Scope 1, 2, and 3 emissions added up to nearly 14 million tons in 2021.
Policies could cut the cost of carbon removal and spur more innovation. The company specifically name-dropped the 45Q tax credit in the U.S. that was recently bolstered by the Inflation Reduction and Chips Acts.
It also said it will back policies that set standards and support removal services that store carbon for at least 100 years. Which is good because we need said carbon to not go anywhere.