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Last year we announced that Microsoft would make a commitment to become carbon neutral. The cornerstone of that commitment was an internal carbon fee that’s designed to increase the company’s costs for using carbon-based forms of energy. An intended result? Buying more renewable energy and becoming more energy efficient. Today, we are pleased to announce that we are moving forward with purchasing renewable energy directly. We have signed a 20-year power purchase agreement (PPA) for wind energy in Texas that will be funded in part by proceeds from Microsoft’s carbon fee.
New innovation to increase computing efficiency has exploded over the past decade. No longer does all of your information have to be stored on a hard drive, but instead cloud computing has enabled companies to operate applications in the cloud with a much lower carbon footprint. Read on to learn more about how companies are shifting to the cloud to reduce carbon emissions and a new mapping tool that uses Big Data to help businesses identify new opportunities for clean energy investment.
This October, our Microsoft Ireland team received the top honor at the 2013 Repak Recycling Awards for their efforts in packaging reduction and implementing more sustainable packaging protocols. The awards are given to organizations that have a remarkable focus and determination to implement best practices in packaging reduction.
Sustainability and finance are beginning to merge thanks to a couple of new and innovative programs coming from Wall Street. Whether it’s valuing the carbon sequestration potential of a rainforest in Ecuador or helping investors gain more green returns, the finance sector is pioneering innovative approaches to sustainability. Read on to learn more about the possibility of an online natural asset exchange to value natural and social assets and Morgan Stanley’s new Institute for Sustainable Investing to enable its clients to invest in renewable energy and livable communities.