Microsoft, a big computer company, and ReNew Energy, a company that makes electricity using wind and sun, made a deal. The deal will help Microsoft get closer to using less energy that causes pollution, which they want to do by 2030. The money from the deal will also help people in poorer areas get better electricity and help women make more money.

Written by Nabaparna Bhattacharya, Benzinga Editor August 27, 2024 1:45 PM | 1 min read | 1 CommentZinger Key PointsReNew Energy and Microsoft sign deal for 437.6 MW of green attributes, aiding Microsoft's carbon negativity goal by 2030.The contract will fund environmental justice projects, including rural electrification and women's economic empowerment. Read from source...

The story was primarily an press release put out by the company with no critical thinking or additional insights on the topic.

There was an expectation of further information about the "green attribute sale" between Microsoft and ReNew, perhaps from either of the companies involved.

The author seemed to take the story at face value, accepting the information from the press release without question.

It's unclear whether the author is aware of the carbon offset market, where the emission of carbon is effectively offset by other carbon neutral or carbon reducing activities, such as planting trees or renewable energy production.

The author did not explore the potential environmental impact of the deal. For instance, whether the energy generated by the 437.6 MW of renewable power is being used to replace non-renewable sources or merely being added to the energy mix.

The author did not clarify what is meant by "environmental justice projects," nor did they explain how the community fund would be managed or overseen.

Also, the author did not examine Microsoft's previous commitments to clean energy or their overall corporate sustainability strategy.

The story was light on context, including the broader market for clean energy deals, and Microsoft's place within it.

The author didn't make any critical analysis of the deal. They didn't delve into the potential risks or drawbacks of such a deal. They made no attempts to determine the value of the deal or how it might impact Microsoft's business.

The author used a lot of jargon, without defining terms like "green attributes" or "carbon negativity".

The author did not delve into the question of how the funds will be used, what the expected outcomes are, or how they will be measured.

The author also failed to discuss the potential for greenwashing in this deal.

The story lacked balance, as it relied heavily on the press release and lacked any critical examination of the deal or the companies involved.

Overall, the story lacked depth, critical thinking, and balance, which made it difficult to determine the real significance of the deal.

The author seemed to be more interested in promoting the deal, rather than critically examining its implications or the companies involved.

The author did not explore the wider market for clean energy deals, or how this deal might fit into that market.

They did not consider the potential for other companies to make similar deals in the future, or how this deal might impact the market as a whole.

The author did not delve into the question of whether this deal represents a significant step forward in the fight against climate change, or whether it is merely a PR move by Microsoft.

The author did not examine the potential risks or drawbacks

Positive

Story:
ReNew Energy Global Plc RNW on Tuesday inked a green attribute sale contract of 437.6 MW with Microsoft Corporation MSFT.
This contract is anticipated to produce over one million units of green electricity attributes each year, supporting Microsoft’s goal to achieve carbon negativity by 2030.
Under the agreement, ReNew will allocate around $15 million of the contract’s revenue to a community fund dedicated to environmental justice initiatives.
“Microsoft has ambitious renewable energy and decarbonization goals. This agreement with ReNew accelerates our progress towards these goals while benefiting local communities through initiatives such as rural electrification and initiatives to improve women’s livelihoods,” said Puneet Chandok, President, Microsoft India & South Asia.
Also Read: Salesforce Gears Up For Q2: Will Earnings Validate Bullish Trend?
This fund will support various efforts, including enhancing women’s livelihoods and economic empowerment, improving energy access and rural electrification, advancing environmental remediation and water quality, and addressing other challenges faced by communities disproportionately affected by pollution and climate change.
This initiative will be carried out in collaboration with the ReNew Foundation, ReNew’s philanthropic arm, which focuses on creating sustainable communities through climate action with an emphasis on women and youth, and aligns with Microsoft’s Environmental Justice priorities.
“This agreement will help us fulfil our commitment to the communities we operate amidst and address some of the socio-economic aspects related to climate change,” said Sumant Sinha, Founder, Chairman, and Chief Executive Officer of ReNew. 
Read Also: Here's How Much $100 Invested In Salesforce 20 Years Ago Would Be Worth Today
Price Action: RNW shares are trading lower by 0.09% to $5.685 at last check Tuesday.
Photo via ShutterstockMarket News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

# Microsoft And India's ReNew Energy Forge Green Attribute Deal To Boost Carbon Neutrality Efforts

Microsoft Corporation (NASDAQ:MSFT) has signed a green attribute sale contract with India's ReNew Energy Global Plc (RNW).

Microsoft's goal is to achieve carbon negativity by 2030. The deal will help support these efforts and benefit local communities through initiatives such as rural electrification and improving women's livelihoods.

Renewable energy projects under the agreement will have a total capacity of 437.6 MW