Microsoft plans to establish a $1 billion fund dedicated to carbon reduction. The software giant’s hopes to clean up its’ emission across its corporate history by 2050.
The term “carbon reduction” in the announcement means some of the funds could simply go to solar, wind, and other renewable projects.
It’s a huge step forward for Microsoft towards global warming. It will be interesting to see if any other big corporate follow in their footsteps.
Some of the key goals are as followed:
- -By 2025, we will shift to 100 percent supply of renewable energy, meaning that we will have power purchase agreements for green energy contracted for 100 percent of carbon emitting electricity consumed by all our data centers, buildings, and campuses.
- We will electrify our global campus operations vehicle fleet by 2030.
- We will pursue International Living Future Institute Zero Carbon certification and LEED Platinum certification for our Silicon Valley Campus and Puget Sound Campus Modernization projects.
- In July 2020, we will start phasing in our current internal carbon tax to cover our scope 3 emissions. Currently this fee is $15/metric ton and covers all scope 1 and 2 emissions, plus scope 3 travel emissions. Unlike some other companies, our internal carbon tax isn’t a “shadow fee” that is calculated but not charged. Our fee is paid by each division in our business based on its carbon emissions, and the funds are used to pay for sustainability improvements.