Microsoft Goes Big In Brazil’s Voluntary Carbon Credit Market

Microsoft Corp is making a big move into Brazil’s voluntary carbon market with a deal to buy credits from a large-scale project to reforest degraded parts of the Amazon.

The US technology giant has agreed to purchase as many as 1.5 million carbon removal credits through 2032 from Brazilian startup Mombak Gestora de Recursos Ltda., which is planting more than 100 species of native trees on deforested farmland in the Amazon.

Financial terms weren’t disclosed, but Microsoft spent two years doing due diligence and advising on the project before agreeing to buy credits and it’s the company’s biggest deal ...