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.
Long-time Apple supplier TSMC, which produces A-series chips for the iPhone, iPad, and Apple silicon chips for the Mac, will invest $100 billion over the next three years to significantly expand its production capacity to meet ever-increasing demand, Bloomberg reports.
TSMC previously announced a planned expenditure of up to $28 billion in 2021 alone; however, an ongoing chip shortage is...
Wednesday March 10, 2021 12:30 am PST by Tim Hardwick
Apple will make Munich its European Silicon Design Center, the company announced today. Work already being undertaken by Apple in Bavaria's capital is contributing to its custom Apple silicon designs, while the expansion, together with additional investment in R&D, will exceed 1 billion euros in the next three years.
Apple says the new state-of-the-art facility will bring hundreds of new...
Apple today announced it has awarded $410 million from its Advanced Manufacturing Fund to Pennsylvania-based II-VI, a manufacturer of optical technology.
The funds will help create additional capacity and accelerate delivery of future iPhone components, supporting more than 700 jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsylvania; and Champaign, Illinois, according to Apple....
Wednesday April 28, 2021 1:50 pm PDT by Juli Clover
As people continue to work and learn from home, Macs and iPads are selling in record numbers, according to Apple's latest earnings report for the second fiscal quarter of 2021 (first calendar quarter).
Apple's Mac category brought in $9.1 billion in revenue, up from $5.4 billion in the year-ago quarter. As for iPads, Apple saw iPad revenue of $7.8 billion, up from $4.4 billion in the...
Apple today announced it is awarding its longtime iPhone, iPad, and Apple Watch glass supplier Corning an additional $45 million from its Advanced Manufacturing Fund, building on its $200 million award in 2017 and $250 million award in 2019.
The combined $495 million investment will support Corning's ongoing research and development into "state-of-the-art glass processes, which led to the...
Apple today announced that, through a combination of automated technologies and human review processes, the company protected customers from more than $1.5 billion in potentially fraudulent transactions in 2020.
Apple said secure payment technologies like Apple Pay and StoreKit (In-App Purchase) play an essential role in keeping users safe:With online data breaches frustratingly common,...
Apple today reaffirmed its long-standing commitment to create jobs and opportunities in the United States by announcing a $430 billion investment over the next five years.
The new investment will help create more than 20,000 new jobs across the country and beats its previous investment of $350 billion announced in 2018. The new round of job creation will focus on innovations from 5G,...
Wednesday June 2, 2021 10:00 am PDT by Juli Clover
The App Store ecosystem facilitated an estimated $643 billion in billings and sales in 2020, an increase of 24 percent year-over-year, according to an Apple-commissioned study done by Analysis Group economists. [PDF]
The study, "A Global Perspective on the Apple App Store Ecosystem," comes as Apple awaits a decision in its ongoing trial with Epic Games, much of which focused on App Store...
Apple has today published its 2021 Environmental Progress Report, setting out the company's ongoing efforts to reduce its impact on the environment and combat climate change.
Apple's goal of reaching net-zero carbon emissions by 2030 is central to the report. For example, Apple highlights its increasing use of recycled materials in its products and packaging, emphasis on...
Apple has lost "several" top managers from its internal Apple Car project, codenamed "Project Titan," causing a potential setback to the launch of the self-driving car, according to a new report from Bloomberg.
From the report:
Apple Inc. has lost multiple top managers of its self-driving car team in recent months, a sign of attrition at the division involved in what could become an...
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