BAKU: Microsoft plans to acquire carbon credits as part of its goal to achieve net-zero greenhouse gas emissions by 2030, Trend reports. The company has signed a multi-million dollar agreement with 1PointFive, a private firm specializing in carbon dioxide removal through direct air capture (DAC) technology, to purchase credits for the removal of 500,000 tons of carbon dioxide. A dedicated STRATOS facility will be constructed for this purpose, and its operation will enable Microsoft to offset the increasing emissions associated with the development of its artificial intelligence (AI) infrastructure. "Under the terms of the agreement, 1PointFive, a subsidiary of US-based Occidental Petroleum, will supply Microsoft with carbon dioxide removal credits over 6 years," announced 1PointFive. "This will be accomplished using direct air capture technology, which extracts carbon dioxide directly from the atmosphere and securely stores it underground." Direct air capture technology is viewed as a critical tool for mi tigating residual emissions, particularly in industries where emission reduction is challenging. It's worth noting that carbon credits are an emerging global method allowing companies to purchase verified emission reductions from third parties to offset their own emissions. The global application of carbon credits (under Article 6 of the Paris Climate Agreement) will be a key issue at the upcoming COP29 in Baku." Source: Trend News Agency