Microsoft Pushes to Squeeze All it Can From the Last of its Climate Fund
The tech giant wants to dovetail investments in tech to tackle carbon emissions with spending targeted by the Inflation Reduction Act
Wind turbines at the San Gorgonio Pass wind farm Palm Springs, California, U.S., on Thursday, June 3, 2021.
Photographer: Bing Guan/BloombergWhen Microsoft Corp. launched its $1 billion Climate Innovation Fund three years ago, it was the lone tech giant pledging serious money to tackle rising temperatures. The dangers facing the planet have since become more acute, and the fund has about $400 million left.
The push is on to make the rest of the money count. To juice the power of its remaining spending, the fund’s directors will target areas set to benefit from the $370 billion in climate spending allocated by the Biden administration’s landmark Inflation Reduction Act.