Microsoft’s Climate Push. Greenpeace reacted..to Microsoft’s cloud-computing contracts with oil & gas companies and other carbon-intensive businesses. By Todd Horwitz, Bubba Trading

 

 

In the latest move by Big Tech to address climate change, Microsoft has promised to be “carbon negative” within the decade and to use its technology, money and influence to drive down carbon emissions across the economy.

Microsoft’s initiative, rolled out Thursday morning, commits the company by 2030 to removing more carbon from the environment than its own operations and its supply chain emit each year. By 2050, Microsoft says it will have eliminated as much carbon as the company has generated since its founding 45 years ago.

Microsoft says it also will push suppliers, customers and policymakers into more carbon-cutting actions and will invest $1 billion over the next four years to speed the development of technology that can remove carbon from the atmosphere — “technology that doesn’t fully exist today,” President Brad Smith said Thursday during the company’s presentation at its Redmond campus.
Microsoft’s carbon “moonshot,” as Smith called it, puts the software and cloud-computing giant at the head of the tech sector on climate policy. Rival Amazon, for example, has given itself until 2040 to become merely “carbon neutral.”

That moonshot didn’t satisfy some climate policy advocates. Greenpeace reacted to Thursday’s announcement by pointing to Microsoft’s cloud-computing contracts with oil and gas companies and other carbon-intensive businesses.

Question remain about the technology that Microsoft is considering. Sue Reid, vice president of climate and energy at U.S. nonprofit Ceres, which works with companies on sustainability commitments, said the economics of direct air capture have yet to be worked out, and reforestation rates may not be fast enough to catch up with growing emissions.

“That math is all facing some new uncertainty and vulnerabilities tied to exacerbated climate change impact, (like there being) more wildfires,” she said.

Todd “Bubba” Horwitz

Financial Markets and Political Commentary

 

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Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.