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May 21, 2021

Big tech companies likely to become carbon-negative by 2030: Poll

Leading tech giants such as Microsoft, Apple, Amazon, and Facebook have come under increasing scrutiny over the last few years over their environmental footprint.

By Vasanthi Vara

Many companies have pledged to reduce their carbon footprint by leveraging renewable and clean energy sources.

Free Report
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How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

Verdict has conducted a poll to assess whether big tech companies can achieve their goal of becoming carbon-negative by the end of the decade.

Analysis of the poll results shows that 45% of the respondents believe that the tech giants will be able to achieve the target, whereas 32% expressed a disbelief.

The remaining 23% of the respondents were unsure whether the tech giants will be able to achieve the goal.

Big tech companies likely to become carbon-negative by 2030

The analysis is based on 247 responses received from the readers of Power Technology, a Verdict network site, between 17 March and 17 May 2021.

Global tech giants’ clean energy goals

Technology companies are increasingly being held accountable for their share of greenhouse gas emissions and electronic pollution. Direct emissions, emissions from electricity use, and other operations such as manufacturing of technology companies account for 0.3% of the global carbon emissions. Several technology companies including Microsoft, Amazon, Apple, and Google have, therefore, set goals to improve their environmental performance and pledged to reduce their carbon footprint.

Microsoft, for example, has created a $1bn fund to reach its goal of becoming carbon-neutral by 2030, while Amazon aims to achieve the same by 2040 by using renewable energy for its operations. Further, Apple became the first company to pledge to use 100% renewable power in its product and supply chain by 2030. Apple already reduced its carbon emissions by 64% over the last decade. Meanwhile, Google and Facebook are also striving to reduce their carbon footprint by reducing their data centre energy consumption.

The steps taken by big tech companies, and their investment capacity and innovation potential provide them with the capability to drive global clean energy transition, says the International Energy Agency (IEA).

Related Companies

Free Report
img

How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

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