Microsoft chief sees revival durable

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Microsoft chief sees revival durablend

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Microsoft chief sees revival durables

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Just 1.5 million metric tons were dedicated to what the Microsoft team deemed as true and verifiable removal mechanisms, and the software company purchased a large majority of them, he estimated.

Microsoft’s dilemma underscores the very real challenge that companies face as they move to deliver on net-zero commitments. It’s not enough anymore for a business to only zero out its own emissions during a given year. The corporate sector needs to move quickly to address its debt.
And yet, 90 to 95 percent of the carbon offsets available on the market today are for avoided emissions, “where the purchaser is really paying for an activity that may not happen if they pay that money,” Joppa said.

“I would argue that paying somebody to avoid emissions is an important and valuable way that the world is going to reduce its overall emissions,” he said.

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And from an organizational carbon account balancing, you can see how that balances out, it could balance out your books. You take carbon off of somebody’s books, you accredit it to yours and everything’s equal. But from a global carbon ledger, there’s still carbon going into the atmosphere.
That’s not net zero. And so we have this logical inconsistency, where we’re calling things net zero that are still adding carbon into the atmosphere. And so while it works at an organizational level, it doesn’t work at a global level.”

As skeptical environmental governments and research organizations have reported, there aren’t enough high-quality offsets in existence to meet the corporate demand generated by the flood of net-zero commitments. And some nature-based solutions aren’t necessarily as durable as the buyers anticipate.

The potential to get burned is very real, literally.

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