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On Tuesday, February 2, Axios' Mike Allen, Ben Geman, and Aja Whitaker-Moore hosted a conversation on corporate America’s climate impact following the World Economic Forum’s Davos Agenda, featuring Microsoft's Chief Environmental Officer Lucas Joppa and The Rockefeller Foundation President Rajiv Shah.

Rajiv Shah discussed increasing global inequities as a result of the pandemic, and how these economic divides can be crossed with respect to energy and climate change policies.

  • On the growing gap between the world's wealthy and poor: "COVID-19 is an accelerant of that [economic] divergence. We're now living through the greatest divergence we've seen since World War II and the living standards of people and inequality and inequity as a result of that."
  • On how corporate America has stepped up their commitment to climate change initiatives: "It is going to take much more than a series of corporate commitments to get to net neutrality by 2050. And in fact, I'm optimistic because I've seen companies since [the beginning of 2020] do more."

Lucas Joppa unpacked climate change commitments within the private sector, and how companies have the potential to collectively create change.

  • On the progress Microsoft has made around reducing carbon emissions: "A year ago we committed that by 2030, we'd reduce our emissions by half or more and remove the rest. Over the past calendar year...if we keep on track, we'll see us meeting or achieving our commitments."
  • On setting an example as a large company and modeling scalable solutions: "It's incumbent upon [Microsoft] to do more, but it's also incumbent that we do more in a way that makes it easier for everybody to follow. We know with carbon reduction and carbon removal there's a lot of market maturation and a lot of other societal scale changes that need to happen [around it]."

Thank you Bank of America for sponsoring this event.

Go deeper

Rockefeller Foundation president: COVID-19 pandemic an "accelerant" of global wealth inequality

The COVID-19 pandemic is an "accelerant" of a divergence between the world's poor and its wealthy, Rockefeller Foundation President Rajiv Shah said at an Axios event Tuesday.

Why it matters: Shah said "history has shown we did not do enough" for the world's lower income communities coming out of the 2008 recession, "and we have experienced this tremendous divergence as a result."

Ben Geman, author of Generate
Feb 3, 2021 - Energy & Environment

Analysis: Waiting to cut emissions will ultimately make it more expensive

Adapted from an Energy Innovation report; Chart: Axios Visuals

Putting U.S. carbon emissions on a steep downward path would cost plenty of money. But waiting to act is way more expensive, a new analysis out this morning concludes.

Driving the news: The research firm Energy Innovation modeled two policy scenarios for reaching net-zero emissions by 2050, a common target for limiting the amount of future warming.

Updated 3 hours ago - Politics & Policy

U.S. sounds alarm on Ukraine

Conscripts line up at a Russian railway station yesterday before departing for Army service. Photo: Sergei Malgavko/TASS via Getty Images

The Biden administration is "deeply concerned" by new intelligence — detailed for Axios and other outlets — showing Russia stepping up preparations to invade Ukraine as soon as early 2022.

Why it matters: Most of this was known from public sources and satellite imagery, but the administration is sending a stronger signal by releasing specific details from the intelligence community.