Microsoft has big dreams of being completely carbon negative by 2030. But that’s not the full extent of their plans. By 2050, Microsoft plans to remove all the carbon dioxide it’s ever released into the atmosphere.
The tech company will spend $1 billion over the next four years to fund its carbon reduction, capture and removal strategy.
According to Microsoft president Brad Smith, the company further plans to source all its electricity from renewables by 2025.
Microsoft has been carbon neutral since 2012, going so far as to charge internal fees to business units for the greenhouse gases they generate in order to incentivise them to rethink their emissions.
Microsoft now plans on capturing all the carbon it has generated utilising technology to capture 16 million metric tons of carbon. The technology could cost Microsoft up to $600 per ton of carbon dioxide captured… meaning that capturing emissions from 2020 could set the company back almost $10 billion.
“The only way we can go forward is actually to take steps that will remove carbon from the environment,” Smith said at a media event recently. He cautioned that “the technology that we will need to solve this problem does not exist today, at least not in the way that would make it affordable and effective the way the world would require.”
However, the company leaders are confident that the more that people invest in the technology, the cheaper it will become and is putting $1 billion behind that belief.
Microsoft has committed to slashing emissions by more than half by 2030 and plans to hold its suppliers to a higher standard too. It will hold suppliers responsible for emissions. According to a report by The Verge, “When it comes to Microsoft’s Xbox, for example, the company is factoring in the pollution from the materials it took to make the gaming console, the electricity Microsoft uses for its operations, emissions from shipping, and ultimately the energy someone uses when they plug it in and play.”
It has also been reported that Microsoft’s employees have demanded zero contracts with fossil fuel companies, zero funding for politicians pushing climate denial, and zero emissions by 2030.