The Reef Company, backed by IBM and Microsoft, hopes to offset carbon emissions and support coastal economies by restoring coral reef ecosystems
4 August 2022
A start-up backed by tech giants IBM and Microsoft plans to build thousands of artificial reefs across the globe to fight climate change by restoring coral reef ecosystems.
The Reef Company plans to have its first reefs in the water by December 2022, and the firm is encouraging more corporations to fund reefs to help offset their carbon footprint.
“We have calculated we need to build 2500 reefs, each measuring 4 square kilometres, over the next 10 years to absorb the excess carbon we …