Microsoft Pushes to Make the Last of its Climate Fund Count

When Microsoft Corp. launched its $1 billion Climate Innovation Fund three years ago, it was the lone tech giant pledging serious money to tackle rising temperatures. The dangers facing the planet have since become more acute, and the fund has about $400 million left.

The push is on to make the rest of the money count. To juice the power of its remaining spending, the fund’s directors will target areas set to benefit from the $370 billion in climate spending allocated by the Biden administration’s landmark Inflation Reduction Act.

“The Inflation Reduction Act, even the measures you see out in Europe today, these are great ...