In a press release today, Apple touted the significant progress it has made as part of its $4.7 billion Green Bond. Thanks to the bond, Apple has generated more than 1.2 gigawatts of clean power, removing an average of 921,000 metric tons of carbon emissions annually.
In 2016, Apple issued its first bond of $1.5 billion towards the project, followed by $1 billion in 2017. In 2019, Apple invested $2.2 billion.
Last year, Apple funded more than 17 projects, resulting in the reduction of nearly 1 million metric tons of carbon emissions globally, equivalent to removing 200,000 cars from the road, according to Apple. Lisa Jackson, Apple's vice president of environment, policy, and social initiatives, says the company is dedicated to pursuing investments to promote clean energy.
We all have a responsibility to do everything we can to fight against the impacts of climate change, and our $4.7 billion investment of the proceeds from our Green Bond sales is an important driver in our efforts. Ultimately, clean power is good business.
In addition to its investment in clean power, Apple has also allocated $2.8 billion into researching and funding new projects that "support low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation, and carbon sequestration." The investments come on top of Apple's commitment last year to become fully carbon neutral across its entire business by 2030.
They couldn't have waited a wee bit longer and announce that they had generated 1.21 gigawatts? That would have made so many people's day. and we all need wee things like that just now ?
They couldn't have waited a wee bit longer and announce that they had generated 1.21 gigawatts? That would have made so many people's day. and we all need wee things like that just now ?
Don't really understand all the negativity in the comments here, would you rather they invest in coal power? I think it's great that apple has initiatives like this, sure wish some other companies would follow suit.
Really goes to show the scale of things and how much effort needs to go into reducing our carbon emissions. We emit something like 51 billion tones of CO2 per year, so this project costing 4.7 billion and reducing emissions by just under 1 million tones is just 0.002% of the way there…
Do any of these studies take into account what it takes to manufacture the solar panels? Lots of energy for one, but more than that, the mining of all the materials that have to be done to make the panels and the materials have their own issues.
The Indian government is planning to incentivize the creation of an "indigenous" mobile operating system to rival iOS and Android, the Ministry of Electronics and Information Technology has announced (via The Economic Times).
The proposal, announced on Monday by Minister of State for Electronics and IT Rajeev Chandrasekhar, will encourage the technology industry to create a homegrown Indian...
Thursday January 27, 2022 2:12 pm PST by Juli Clover
Apple now has over 1.8 billion active devices worldwide, a new record, Apple CEO Tim Cook said during today's earnings call covering the first fiscal quarter of 2022.
Apple's active install base includes iPhone, iPod touch, iPad, Mac, Apple TV, and Apple Watch, and it has grown from 1.5 active billion devices in January 2020 and 1.65 active billion devices in January 2021.
Cook did not...
Thursday February 3, 2022 12:30 am PST by Sami Fathi
Facebook has said measures being taken by Apple on iOS that make it harder for platforms and apps to track users across other apps and websites will cost its business $10 billion in 2022. Facebook yesterday reported $33.67 billion in revenue, and while higher than expected, earnings per share were shy of analyst expectations. Facebook, renamed to Meta, also offered lower guidance for the...
Ahead of the 2021 United Nations Climate Change Conference, also known as COP26, Apple today announced that it is adding 10 new projects for its "Power for Impact" initiative, which looks to bring clean energy solutions to communities around the world, and has more than doubled the number of its suppliers committed to using 100 percent clean energy over the past year.
Apple announced its...
Apple has aggressively defended its ecosystem in a newly-published response to the UK's competition watchdog.
The UK's Competition and Markets Authority (CMA) today published Apple's response to its Interim Report on mobile ecosystems, as well responses from dozens of other companies, including Google, Microsoft, and Epic Games.
The detailed 47-page response from Apple aggressively...
Friday January 14, 2022 3:52 am PST by Tim Hardwick
Apple is on an "aggressive hunt" for potential deals that would allow it to broadcast live sports content on its TV+ streaming service as part of a wider effort to boost subscription numbers, according to a new report from investment firm Wedbush.
In a new investor note, seen by MacRumors, Wedbush analyst Dan Ives said he regards Apple's decision not to acquire a movie studio yet as a clear...
Thursday January 27, 2022 1:50 pm PST by Joe Rossignol
Apple today reported its earnings results for the fourth quarter of 2021, which corresponds with the first quarter of the 2022 fiscal year. Overall, Apple reported revenue of $123.9 billion, which is an all-time quarterly record for the company.
On a category-by-category basis, Apple also set all-time quarterly revenue records for the iPhone, Mac, Wearables, and Services:iPhone: $71.6...
Apple has been lauded as "ungodly well-managed" by billionaire investor Charlie Munger, Yahoo Finance reports.
In an exclusive interview, the Berkshire Hathaway vice chairman told Yahoo Finance Editor-in-Chief Andy Serwer:I think Apple is one of the strong companies and will stay a strong company. I think it's ungodly well-managed.
Apple is now Berkshire Hathaway's largest stock holding,...
Upon the release of the second-generation AirPods Pro, the AirPods Max became the oldest current-generation AirPods product still in Apple's lineup. Introducing several new features like Adaptive Transparency and the H2 chip, the second-generation AirPods Pro may provide some of the best indications yet of what to expect from the second-generation AirPods Max.
Almost two years later, rumors...
The Apple Watch Series 8 and Apple Watch Ultra are now available to purchase, but if you aren't interested in these updates you can save a lot of money on Series 7 models right now on Amazon.
Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.
The best deals are on cellular...
Thursday September 22, 2022 1:04 pm PDT by Juli Clover
Apple today released iOS 16.0.2, addressing a number of bugs that iPhone 14 owners have been experiencing since the new devices launched. iOS 16.0.2 comes two weeks after the launch of iOS 16, and it follows iOS 16.0.1, an update made available to iPhone 14 owners on launch day. The update is available for all iPhones that are capable of running iOS 16.
The iOS 16.0.2 update can be...
Friday September 23, 2022 7:08 am PDT by Joe Rossignol
Apple plans to release new MacBook Pro models in the fourth quarter of 2022, according to supply chain publication DigiTimes. The report does not mention specific models, but it very likely refers to the next-generation 14-inch and 16-inch MacBook Pros given that the 13-inch model was already updated earlier this year.
There has been uncertainty surrounding the timing of new 14-inch and...
Sunday September 25, 2022 6:50 am PDT by Sami Fathi
Apple may decide to release its remaining products for 2022, which include updated iPad Pro, Mac mini, and 14-inch and 16-inch MacBook Pro models, through press releases on its website rather than a digital event, according to Bloomberg's Mark Gurman. In his latest Power On newsletter, Gurman said that Apple is currently "likely to release its remaining 2022 products via press releases,...
Thursday September 22, 2022 7:57 am PDT by Sami Fathi
A copycat version of the iPhone 14 Pro's Dynamic Island has arrived on Android's Google Play Store in the form of an app called "dynamicSpot."
The app, still in beta, offers customers several different experiences at the top of their smartphones. In its current form, dynamicSpot offers playback control for songs, timers, battery status, and more features coming soon, according to the app's...
Friday September 23, 2022 9:40 am PDT by Sami Fathi
Customers who personalize their second-generation AirPods Pro charging case with an engraving will now have that engraving reflected directly on iOS as they pair and connect their AirPods Pro. Apple allows customers to personalize their AirPods Pro charging case with a special engraving that can include select emojis and Memojis. Unlike before, starting with the second-generation AirPods...
Friday September 23, 2022 8:12 am PDT by Tim Hardwick
With new Apple Watch Ultra and Series 8 models now in the hands of customers, Apple has brought a host of smart new features to many people's wrists. But there's more to come. Apple has a handful of additional features in store for Apple Watch Series 8 and Apple Watch Ultra owners before the year's end, and some of them are watchOS 9 functions, which means they will even work on older Apple ...
Thursday September 22, 2022 3:12 pm PDT by Joe Rossignol
Apple today explained why the new silicone ear tips for the second-generation AirPods Pro are not officially compatible with the original AirPods Pro.
In an updated support document, Apple said the original AirPods Pro ear tips have "noticeably denser mesh" than the second-generation ear tips. Apple did not provide any additional details, but the mesh density could result in acoustical...
Apple on September 12 released iOS 15.7 and iPadOS 15.7, delivering important fixes for multiple security vulnerabilities, including at least one that has been actively exploited.
Apple's latest mainstream iPhone models come in two sizes with A15 chip, car crash detection, satellite connectivity, and more. iPhone 14 is available now, while iPhone 14 Plus launches on October 7.
Top Rated Comments