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Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Cisco is the latest tech giant to announce a big environmental push. The networking company said today that its foundation will invest $100 million over the next decade to fund projects that reduce carbon emissions as well as community awareness efforts.

The big picture: Microsoft, Apple, Google and Amazon have also made large environment-related investments. Despite these investments, the tech sector remains under pressure from activists to do more, as well as to cease work with fossil fuel companies.

  • Most experts believe more aggressive global efforts are needed to avoid some of the greatest climate dangers.

Meanwhile, Cisco says that it is already using 100% renewable energy in several countries around the world and "is on track" to reach its goal of getting at least 85% of its global electricity from renewable sources by next year, among other targets.

  • "We know that in order for us to live up to our purpose — to power an inclusive future for all — we must combat the rising inequality that stems from climate change," Cisco chief people, policy and purpose officer Fran Katsoudas said in a statement.

Go deeper

Ben Geman, author of Generate
Jul 28, 2021 - Energy & Environment

The private climate finance surge

Illustration: Aïda Amer/Axios

There's so much private equity and infrastructure fund action in the climate tech space these days that it's hard to keep up.

Driving the news: Brookfield Asset Management on Tuesday closed $7 billion for its Global Transition Fund that aims to scale clean energy and help carbon-intensive industries cut emissions.

Ben Geman, author of Generate
Jul 28, 2021 - Energy & Environment

Report: European power demand outpaces fossil fuels

Reproduced from an Ember report; Chart: Axios Visuals

A new analysis finds that European Union electricity use is almost back to its pre-pandemic levels, but the bloc's use of fossil fuels to generate power has not returned nearly as much.

The big picture: The data, via the environmental think tank Ember, reveal a mixed verdict of sorts for the EU's efforts to decarbonize.

Ben Geman, author of Generate
Jul 29, 2021 - Politics & Policy

Senate Dems' tricky climate infrastructure message

Illustration: Rae Cook/Axios

We now know more about the Senate's bipartisan infrastructure plan — and Democrats' tactical approach to the advancing package that has a suite of climate-related provisions.

Catch up fast: The Senate voted 67-32 to move the $1.2 trillion plan toward debate last night. Per a White House release it includes...