Big Techs’ Billions for Climate: Here’s Where Amazon and Microsoft are Making their Carbon Bets

by | Mar 9, 2023 | Uncategorized

Big tech companies are making significant investments in carbon reduction initiatives. Amazon and Microsoft, two of the world’s largest cloud computing providers, have announced various measures to reduce their carbon footprints.

Amazon has pledged to reach net-zero carbon emissions by 2040 and is investing $2 billion in the Climate Pledge Fund to support sustainable and decarbonizing technologies. Amazon Web Services (AWS) has also been investing in renewable energy projects and has set a target to be powered by 100% renewable energy by 2025.

Microsoft has gone further, committing to becoming carbon negative by 2030 and removing all the carbon it has emitted since its founding in 1975 by 2050. Microsoft has also created a $1 billion Climate Innovation Fund to invest in carbon reduction technologies.

As the world’s largest cloud computing providers, Amazon and Microsoft are making significant investments in reducing their carbon footprints and promoting sustainable technologies. AWS is also providing support to startups working on clean energy technologies through its Clean Energy Accelerator program and offering its cloud computing services to selected startups through the AWS Activate program.

These initiatives are essential in addressing the climate crisis and promoting sustainable development. By supporting startups working on clean energy technologies, AWS is helping to drive innovation in the sector and accelerate the transition to a low-carbon economy.