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February 9, 2021 Innovation & Technology

What We’re Reading | How an Australian cattle rancher sold Microsoft $500,000 of carbon credits

AgriLand by Rachel Martin

Computing giant Microsoft has launched a new partnership with Australian farm Wilmot Cattle Company to use grazing cattle to offset Microsoft’s carbon footprint.

It’s understood Microsoft will buy half a million dollars worth of carbon credits from the New South Wales firm as part of the deal.

It’s said to be one of the largest soil carbon credit issuances ever in Australia.

While the full details of the deal have not yet been disclosed, according to Australian agricultural publication ‘The Land‘, the price paid is on par with the current contract price of Australian Carbon Credit Units.

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