Microsoft has announced plans to invest $1 billion to help organizations working on technologies to help reduce carbon from the earth’s atmosphere. Microsoft CEO Satya Nadella announced that the company would be carbon negative and remove more carbon than it emits by 2030. Microsoft’s Climate Innovation Fund will provide money over the next four years for equity investments, debt financing, and other support for the development of carbon-removal technology.
The company also said it would use 100% renewable energy for all its buildings and data centers by 2025, and electrify all campus vehicles by 2030. Nadella stated that the company would initially focus on natural-based solutions and shift to technology-based solutions by 2050.