Microsoft Buys More Carbon Credits in Brazil Reforestation Push

Microsoft Corp. is teaming up with a former Brazilian central banker and a billionaire family to reforest large sections of Latin America’s largest country.

The US technology giant has agreed to buy 3 million tons of removal credits over 15 years from re.green, a two-year-old reforestation company. It’s Microsoft’s second agreement in the past six months to purchase nature-based carbon credits in Brazil, underscoring the country’s potential to supply voluntary carbon markets.

A re.green reforestation project in Bahia state, Brazil.

Source: re.green

A tropical climate and vast swaths of degraded farmland give Brazil the ability to plant fast-growing forests at scale. The country could offset a cumulative 30.5 ...