Microsoft and climate solutions provider Anew Climate have announced a significant nature-based carbon removal agreement. Under this arrangement, Anew will supply over 970,000 tons of carbon removal credits, generated through improved forest management projects across the United States.
Founded in 2001 and largely owned by TPG Rise, the impact investing platform of alternative asset manager TPG, Texas-based Anew specializes in climate solutions. These include technological and nature-based methods to help companies lower their carbon emissions and promote environmental restoration. Anew also markets environmental credits for sectors like low carbon fuels, carbon, renewable energy, and emissions.
The new carbon credits will come from improved forest management (IFM) projects in forestlands owned by Aurora Sustainable Lands, Acadian Timber Corp., and Baskahegan Company. These IFM projects not only prevent net carbon emissions but also actively remove carbon from the atmosphere. Anew’s projects generate distinguished carbon removal credits through the growth of trees within their forestry portfolio.
This agreement is part of a series of rapidly expanding carbon removal deals as Microsoft aims to become carbon negative by 2030. It follows other significant nature-based carbon removal agreements, including a 3-million-ton reforestation deal with re.green in May. Microsoft, along with tech giants like Google, Meta, and Salesforce, has also recently introduced a 20-million-ton advance market commitment to foster the growth of the nature-based carbon removal market.