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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.
One of the great joys of my job, and something that motivates me to come to work every day, is the idea that our work can make a difference. In the past year, our team, along with NGO partners and carbon offset companies, have spent a tremendous amount of time trying to decide how best to leverage Microsoft’s carbon neutral funds. Today, I am pleased to share with you some of the projects we are funding.
For the second consecutive year, the Environmental Protection Agency (EPA) has named Microsoft to its Green Power Partnership Top 50 List—and this year our ranking increased to second on the Top 50 List.