'We're announcing an ambitious new plan to help address the sustainability of our planet,' Microsoft CEO Satya Nadella said. The company aims to remove enough carbon by 2050 to account for all its emissions since its founding in 1975
) on Thursday set a new ambition among Fortune 500 companies in addressing climate change, pledging to remove as much carbon as it has emitted in its 45-year history.
The plan includes the creation of a “Climate Innovation Fund,” which will invest $1 billion over the next four years to speed up the development of carbon removal technology. Microsoft plans to cut carbon emissions by more than half by 2030 across its supply chain, an effort requiring technology that does not fully exist, company President Brad Smith said.
Microsoft Chief Environmental Officer Lucas Joppa speaks as the company announces plans to be carbon negative by 2030 and to negate all the direct carbon emissions ever made by the company by 2050 at their campus in Redmond, Washington, U.S., January 16, 2020. REUTERS/Lindsey Wasson “That math is all facing some new uncertainty and vulnerabilities tied to exacerbated climate change impact, more wildfires,” she said.Microsoft’s announcement comes as big investors pay more attention to how companies tackle climate change.
Microsoft plans to become net zero carbon a decade earlier than Amazon, although its emissions are roughly a third of Amazon’s.
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