Has Microsoft Launched a Carbon Negative Arms Race?

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Microsoft MSFT announced its intentions to go carbon negative by 2050. It also intends on reducing carbon emissions by half by 2030.

CEO Satya Nadella said climate change would have a "devastating" effect on the world economy if global temperatures continue to rise, and vowed to cut carbon emissions from the company's supply chain.

Nadella spoke to TheStreet's Jim Cramer on Mad Money Thursday night.

"If the last decade has taught us anything, it's that technology built without these principles can do more harm than good," Nadella said at a media event in Redmond, Washington. "This is the decade for urgent action for Microsoft and all of us, We must begin to offset the damaging effects of climate change."

So, if Microsoft plans to be carbon negative, does that mean that the rest of big tech will follow suit?

Jeff Marks, senior portfolio analyst at Action Alerts PLUS, said that this move by Microsoft tracks because Microsoft is a company that "likes to go where the puck is moving."

Watch the full video above for more.

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