PRESS RELEASE April 15, 2021 Apple and partners launch first-ever $200 million Restore Fund to accelerate natural solutions to climate change Investment builds on the company’s forestry and responsible packaging innovations to deliver new financial and climate returns Apple and Conservation International have partnered with local conservation organizations in Kenya to restore degraded savannas in the Chyulu Hills region. If scaled up across Africa, savanna restoration could remove hundreds of millions of tons of carbon from the atmosphere each year. Photo: Charlie Shoemaker for Conservation International.
CUPERTINO, CALIFORNIA Apple today announced a first-of-its-kind carbon removal initiative called the Restore Fund that will make investments in forestry projects to remove carbon from the atmosphere while generating a financial return for investors. Launched with Conservati
Apple announces first-ever $200 million carbon removal initiative
Launched with Conservation International and Goldman Sachs, this $200 million fund aims to remove at least 1 million metric tons of carbon dioxide annually from the atmosphere, which Apple claims is equivalent to the amount of fuel used by over 200,000 passenger vehicles
Nidhi Singal | April 15, 2021 | Updated 21:18 IST
Apple plans to directly eliminate 75 per cent of emissions for its supply chain and products by 2030
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$200 Million Restore Fund to Accelerate Natural Solutions to Climate Change
aims to remove at least 1 million metric tons of carbon dioxide annually from the atmosphere
Cupertino giant Apple on Thursday, April 15, announced a first-of-its-kind carbon removal initiative called Restore Fund . Under this new initiative investments will be made in forestry projects to remove carbon from the atmosphere. The new initiative is part of Apple s broader goal of becoming carbon neutral acr
Apple, partners launch $200M carbon removal initiative
By IANS |
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Apple. (File Photo: IANS). Image Source: IANS News
San Francisco, April 15 : Apple on Thursday launched a first-of-its-kind carbon removal initiative, called the Restore Fund, that will make investments in forestry projects to remove carbon from the atmosphere while generating a financial return for investors.
Launched with Conservation International and Goldman Sachs, Apple s $200 million fund aims to remove at least one million metric tonnes of carbon dioxide annually from the atmosphere, equivalent to the amount of fuel used by over 200,000 passenger vehicles, while demonstrating a viable financial model that can help scale up investment in forest restoration.
April 15th, 2021
Will Swanson for Komaza
Apple isn t completely confident it can become carbon neutral by 2030, and it s betting that a kinder attitude toward nature will help it reach that goal. The tech giant, Conservation International and Goldman Sachs have launched a $200 million Restore Fund meant to remove at least 1 million metric tons of CO2 from the atmosphere each year by investing in forest restoration projects.
The company isn t just planting trees and hoping for the best. It s leaning on standards from the UN Climate Convention, Verra and the Intergovernmental Panel on Climate Change to properly quantify carbon capture and ensure the CO2 stays out of the atmosphere. Apple added that it was focusing on working forests (that is, carefully managed forests that can be used for lumber but not residences) that aid biodiversity.
Apple and partners create Restore Fund to fight climate change
Apr 15, 2021 11:06 EDT with 0 comments
Apple has announced the creation of the Restore Fund, a $200 million pot of money that will be invested in forestry projects to help remove carbon from the atmosphere while producing a financial return for investors. The fund has been created by Apple in partnership with Conservation International and Goldman Sachs.
With the fund, the partners are expecting to fund projects that will remove at least 1 million metric tons of carbon dioxide from the atmosphere annually while demonstrating a financial model that can help increase investment into forest restoration. According to Apple, removing 1 million metric tons of carbon dioxide from the atmosphere will have the same effect as taking 200,000 cars off the road.