Microsoft doubling its internal carbon fee to reduce carbon emissions

Microsoft is making a good progress toward its goal of cutting the operational carbon emissions by 75 percent by 2030. In order to accelerate this progress, Microsoft today announced that it is nearly doubling its internal carbon fee to $15 per metric ton on all carbon emissions. Due to this increased fee, Microsoft’s business divisions are now forced to be more responsible for reducing their carbon emissions.

Microsoft said that it is now aiming to surpass the 70% of datacenter renewable target by 2023. It is important to note that Microsoft hit its 2016 goal ahead of schedule to power datacenters with 50% renewable energy by 2018.

Microsoft also announced that it is joining the Climate Leadership Council (CLC), an international policy institute founded with business leaders to promote a carbon dividends framework as the most cost-effective, equitable and politically-viable climate solution.

You can learn more about these announcements from the link below.

Source: Microsoft