Microsoft signs record multi-million dollar deal to buy soil carbon credit in push to reach 2030 green goal

Microsoft has signed an agreement with Indigo Carbon to purchase a record 2.85 million soil carbon credits, which are associated with regenerative agriculture practices in the United States. The move comes at a time when the Satya Nadella-led company aims to become “carbon negative” by 2030, despite its emissions surging due to the adoption of AI.

The deal is expected to be valued between $171 million and $228 million, according to a report by Reuters, which quoted a person familiar with the deal saying that it falls within the historic range of $60 to $80 a ton for Indigo Carbon’s credits.