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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
Apr 19, 2021 - Energy & Environment

Treasury Dept. unveils climate "hub" and names former Obama official as lead

The U.S. Treasury Building. Photo: Robert Alexander/Getty Images)

The Treasury Department offered more information Monday on plans to expand its focus on global warming, and said John E. Morton, a climate finance expert who served in the Obama administration, will lead the efforts.

Why it matters: Announcement of the new "Climate Hub" and Morton's appointment signal how the Biden administration is stitching climate policy into the fabric of agencies across the government.

Ben Geman, author of Generate
Apr 20, 2021 - Energy & Environment

Carbon emissions are roaring back from COVID-19

Expand chart
Data: IEA Global Energy Review 2021; Chart: Axios Visuals

Global energy-related carbon emissions will surge this year as coal, oil and natural gas consumption return from the pandemic that caused an unprecedented emissions decline, the International Energy Agency estimated Tuesday.

Why it matters: The projected rise of nearly 5% would be the largest since the "carbon intensive" recovery from the financial crisis over a decade ago, IEA said, putting emissions just below their 2019 peak.

Dan Primack, author of Pro Rata
Apr 20, 2021 - Technology

Antitrust pressure on Big Tech takes center stage in Congress

Illustration: Aïda Amer/Axios

The antitrust noose is continuing to tighten around Big Tech, with some bankers saying that the pressure is impacting deal-making.

Driving the news: Lina Khan, a law professor who famously argued for breaking up Amazon, tomorrow will get a Senate confirmation hearing to become an FTC commissioner.