Apple Launches $200 Million 'Restore Fund' to Remove Carbon From Atmosphere
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 Conservation International and Goldman Sachs, Apple says the $200 million fund aims to remove at least one million metric tons of carbon dioxide annually from the atmosphere, equivalent to the amount of fuel used by over 200,000 passenger vehicles, with a viable financial model aimed at increasing investment in forest restoration.
Apple says this effort is part of the company's goal to become carbon neutral across its entire "value chain" by 2030. Apple plans to directly eliminate 75 percent of emissions for its supply chain and products by 2030, while the fund will help address the remaining 25 percent of Apple's emissions by removing carbon from the atmosphere.
Apple's environmental chief Lisa Jackson:
Nature provides some of the best tools to remove carbon from the atmosphere. Forests, wetlands, and grasslands draw carbon from the atmosphere and store it away permanently in their soils, roots, and branches. Through creating a fund that generates both a financial return as well as real, and measurable carbon impacts, we aim to drive broader change in the future — encouraging investment in carbon removal around the globe. Our hope is that others share our goals and contribute their resources to support and protect critical ecosystems.
As part of this initiative, Apple and Conservation International have partnered with local conservation organizations in Kenya to restore degraded savannas in the Chyulu Hills region. If similar efforts are scaled up across Africa, Apple says savannah restoration could remove hundreds of millions of tons of carbon from the atmosphere each year.
Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Related Stories
Apple has acquired Credit Kudos, a UK open banking startup that seeks to help lenders make better decisions (via The Block).
Credit Kudos offers insights and scores based on loan applications drawn from transaction and loan outcome banking data, sourced by the UK's open banking framework. The company's API offers lenders a way to get faster, automated decision-making about loans with reduced ...
Wednesday February 16, 2022 10:49 am PST by
Juli CloverApple shareholders are being urged to vote against a planned $99 million compensation package for Apple CEO Tim Cook, reports Financial Times. Shareholder advisory group Institutional Shareholder Services (ISS) said on Wednesday that there is a "significant concern" with the stock Cook was awarded in 2021.
Cook last year was awarded stock valued at $82 million, along with a $3 million salary ...
Apple's Studio Display features a built-in non-removable power cable on the back that, even when attempted to be removed with force, does not come out, despite the Pro Display XDR featuring a removable power cable.
British YouTuber Oliur demonstrated the unique quirk about Apple's $1,599 starting price display in his review of Apple's latest display. Apple's Studio Display also features...
Apple's strict environmental goals are putting pressure on the company's global supply chains, DigiTimes reports.
In a paywalled report, DigiTimes claims that Apple's goal of achieving carbon neutrality by 2030 is putting pressure on its supply chain, with major suppliers such as TSMC scrambling to meet the company's demands. Sources speaking to DigiTimes said that TSMC was making slow...
Apple has a long-standing and well-known partnership with (RED), a charity that raises funds with the aim of eliminating HIV/AIDS in several African countries. Apple sells a variety of (PRODUCT)RED devices, such as the (PRODUCT)RED iPhone 13 and the (PRODUCT)RED Apple Watch Series 7.
(RED) today shared a video highlighting its 15-year partnership with Apple, which has raised nearly $270...
In what has become an annual tradition, select Apple Store locations are now displaying a red Apple logo in support of World AIDS Day on December 1, such as Apple Nanjing East in Shanghai and Apple Ginza in Tokyo, with other locations likely to follow.
Photo shared by Shanghai Daily via Storeller Apple has also announced that, now through December 6, it will donate $1 for every purchase made...
The ransomware hackers behind last year's MacBook Pro schematics leak have now been arrested in Russia, the FSB today announced in a press release (via Reuters).
Following an initial arrest late last year, Russia's Federal Security Service (FSB) explained that it has arrested 14 members of "REvil," an organized criminal association that used malicious software to extort funds from companies.
...
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...
Popular Stories
The Black Friday and Cyber Monday holiday shopping rush is drawing to a close, but there are still some good deals to be had out there. For Apple products, many of the deals you've seen since last week are still available, though some have expired. So for anyone who missed out on Black Friday deals, there's still an opportunity to get some of the year's best prices on many Apple devices.
Note: ...
Apple's upcoming iPhone 15 models will be equipped with Sony's newest "state of the art" image sensors, according to a report from Nikkei.
Compared to standard sensors, Sony's image sensor doubles the saturation signal in each pixel, allowing it to capture more light to cut down on underexposure and overexposure. Nikkei says that it is able to better photograph a person's face even with...
Apple today announced that the Oceanic+ app is available for the Apple Watch Ultra starting today. Designed by Huish Outdoors in collaboration with Apple, the app serves as a dive computer for recreational scuba diving at depths up to 40 meters/130 feet.
Apple already offers a basic Depth app on the Apple Watch Ultra for viewing your current depth, maximum depth reached, water temperature,...
Apple today announced its 2022 App Store Award winners, highlighting the 16 best apps and games selected by Apple's global App Store editorial team.
The top apps were chosen by Apple for their quality, innovative technology, creative design, positive cultural impact, and ability to deliver "exceptional experiences." Apple CEO Tim Cook said:
This year's App Store Award winners reimagined...
Apple today released a Rapid Security Response update that is available for those running the iOS 16.2 beta, marking the launch of the second RSR update since the feature was released in iOS 16.
The Rapid Security Response Update is designed to provide iOS 16.2 beta users with bug fixes without the need to install a full update. The initial RSR release for iOS 16.2 beta users was a test with ...
Apple has cut back on its Twitter advertising, according to Twitter CEO Elon Musk. In a tweet, Musk said that Apple has "mostly stopped" its Twitter ads, asking if Apple hates "free speech."
Musk went on to publish a poll asking if Apple should "publish all censorship actions" taken that impact customers and he began retweeting content from companies that Apple has had moderation discussions ...
Elon Musk has pledged to offer an "alternative phone" if Apple and Google remove Twitter from their app stores, adding to long-standing rumors about an iPhone rival from Tesla.
Modified iPhone 11 Pro in the style of the Tesla Cybertruck, by Caviar. Musk's remark came after being asked about the potential scenario of Twitter being removed from app stores, which could conceivably happen if the...
Although Black Friday is now technically over, many Apple products are still seeing major discounts through the weekend as we head into Cyber Monday. In this article, you'll find every Apple device with a notable Black Friday sale that's still available. We'll be updating as prices change and new deals arrive, so be sure to keep an eye out if you don't see the sale you're looking for yet.
Note:...
Top Rated Comments
Now this will make a difference :)
As if they ever contributed anything :D
but for my own opinion, good move Apple!!