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Microsoft is creating a Climate Innovation Fund through which it plans to invest $1 billion over four years to boost the development of new technologies globally to capture carbon, reducing its release and removing it from the atmosphere.
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By 2050, Microsoft says it will remove the equivalent of all of the Scope 1 and Scope 2 emissions it had emitted since it was founded in 1975.Microsoft, recognizes that this is a “moonshot.”
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Just Climate, an investment business raising $1.5 billion in institutional capital to invest in the highest impact solutions that can radically reduce or remove emissions.The Fund’s founding investor group included Microsoft’s Climate Innovation Fund
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Microsoft said it charges $15 per metric ton for core carbon emissions internally and will expand the coverage in phases to cover all emission.
