Big Tech purchases of carbon credits explode amid AI race, with Microsoft leading the way
CNBC
Carbon credit purchases by Amazon, Google, Meta and Microsoft skyrocketed in 2023, based on tracked purchases.
The AI boom may be having a side effect: a surge in Big Tech buying carbon credits to offset emissions generated by its energy-hungry buildout.
Amazon, Google, Meta, and Microsoft have ramped up purchases of permanent carbon credits since the launch of ChatGPT sparked the AI race in 2022, according to data compiled for CNBC by carbon credit management platform Ceezer.
The companies have all committed to reaching net-zero emissions, but the rapid development of energy and water-intensive AI has raised questions about whether that goal is achievable. The credits allow them to offset emissions by funding other projects that reduce emissions, such as technologies that remove carbon from the atmosphere.
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