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.

apple restore fund hero01 04152021 Full Bleed Image
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.

Top Rated Comments

Scipster Avatar
9 months ago
Good for Apple! Slightly more than $1 per purchase til Earth Day.

Now this will make a difference :)
Score: 11 Votes (Like | Disagree)
Agit21 Avatar
9 months ago
Why not 300 million Tim Apple?!
Score: 10 Votes (Like | Disagree)
JEY Avatar
9 months ago
There is nothing more important. Every little bit helps...
Score: 10 Votes (Like | Disagree)
TheYayAreaLiving ? Avatar
9 months ago
THis is definitely good move by Apple.
Score: 9 Votes (Like | Disagree)
telo123 Avatar
9 months ago
Awaiting for the trolls to say, “Oh my god, Apple is a trillion dollar company, they should donate MORE!”

As if they ever contributed anything :D

but for my own opinion, good move Apple!!
Score: 8 Votes (Like | Disagree)
Kabeyun Avatar
9 months ago
Another good move. And as a preemptive reply to the anticipated snark, just because Apple doesn’t do everything right doesn’t diminish efforts to do some things right. As far as major corporations go, and certainly versus competitors, Apple has come a long way ('https://www.businessinsider.com/apple-greenest-tech-company-greenpeace-2017-1?op=1') since being lambasted ('https://www.cnet.com/news/greenpeace-apple-clash-over-toxic-waste/') by Greenpeace, and is without question a leader in moving towards environmental responsibility.
Score: 8 Votes (Like | Disagree)

Related Stories

Apple awards Corning an additional 45 million dollars team member 051021

Apple Awards iPhone Glass Supplier Corning Additional $45M From Advanced Manufacturing Fund

Monday May 10, 2021 2:43 am PDT by
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 music logo

Apple Invests $50 Million in Independent Music Artist Platform UnitedMasters

Wednesday March 31, 2021 6:01 am PDT by
Independent music distributor UnitedMasters has announced a $50 million investment round led by Apple that aims to help independent artists gain a foothold and establish a career in the music business (via TechCrunch). As part of a strategic partnership, Apple is joined by Google parent company Alphabet and A16z, which will provide follow-on "Series B" investments in UnitedMasters. The...
apple park drone june 2018 2

Apple Fires Newly Hired Ex-Facebook Product Manager Following Revelations of Past Misogynistic Comments

Thursday May 13, 2021 12:10 am PDT by
Apple has fired Antonio García Martínez, an ex-Facebook product manager and author of the controversial book "Chaos Monkeys," following public and internal calls for removal and investigation due to past misogynistic statements, The Verge reports. Apple hired Martínez earlier this week to join its ads team, however, comments that Martínez made in the past sparked condemnation from users...
app store blue banner russia

Apple Fined $12 Million in Russia for Violating Anti-Monopoly Rules With App Store

Tuesday April 27, 2021 10:40 am PDT by
Russia's Federal Anti-Monopoly Service (FAS) has levied a $12 million fine against Apple for alleged abuse of its dominance in the mobile applications market, reports Reuters. According to the FAS, Apple's distribution of apps through iOS gives its products a competitive advantage. Apple has been charged 906.3 million roubles, equivalent to $12.1 million. The fine stems from an August...
mozilla firefox banner

Firefox 88 to Disable FTP Next Week With Full Removal Set for June

Friday April 16, 2021 2:08 am PDT by
Firefox will soon hand over FTP requests to other applications, as Mozilla begins to phase out the browser's long-standing FTP implementation in the next stable release. Mozilla announced its intention to disable support for the FTP protocol last year, but the plan was delayed because of the global health crisis. One of the oldest network protocols still in use, FTP handles file...
apple pay bed bath beyond promo feb 2021

Apple Pay Promo Offers 10% Back in Bed Bath & Beyond Rewards

Friday March 5, 2021 1:26 am PST by
Apple has sent out a new Apple Pay promotional email, offering Bed Bath & Beyond customers 10% back on purchases in the form of My Funds rewards when using Apple's digital payment service. My Funds is a program run by Bed Bath & Beyond that rewards its customers for shopping and engaging with the company. The rewards can be redeemed in store at Bed Bath & Beyond, buybuy BABY and Harmon Face...
Ports 2021 MacBook Pro Mockup Feature 1 copy

Hacker Group Mysteriously Removes Stolen Apple Schematics and Extortion Threat From Ransomware Website

Monday April 26, 2021 5:00 am PDT by
A ransomware group that last week stole schematics from Apple supplier Quanta Computer and threatened to release the trove of documents has mysteriously removed all references related to the extortion attempt from its dark web blog, MacRumors can confirm. The ransomware group known as REvil claimed last Tuesday that it had accessed the internal computers of Taiwan-based Quanta and managed to ...
parler app

Parler Returns to the App Store With Improved Moderation

Monday May 17, 2021 7:43 am PDT by
The controversial social media app Parler has today returned to the App Store, several months after Apple suspended it for breach of App Store rules. Parler was removed from the App Store in January because Apple said that it failed to take "adequate measures to address the proliferation" of "threats to people's safety." According to the Washington Post, Parler has now implemented a...

Popular Stories

airtag in hand

Apple AirTag Linked to Increasing Number of Car Thefts, Canadian Police Report

Friday December 3, 2021 7:10 am PST by
Apple's AirTags are being used in an increasing number of targeted car thefts in Canada, according to local police. Outlined in a news release from York Regional Police, investigators have identified a new method being used by thieves to track down and steal high-end vehicles that takes advantage of the AirTag's location tracking capabilities. While the method of stealing the cars is largely ...
macbook pro 13 inch banner

Apple Planning Five New Macs for 2022, Including Entry-Level MacBook Pro Refresh

Sunday December 5, 2021 7:55 am PST by
Apple is working on five new Macs for launch in 2022, including a new version of the entry-level MacBook Pro, according to Bloomberg's Mark Gurman. In the latest edition of his "Power On" newsletter, Gurman said that he expects Apple to launch five new Macs in 2022, including: A high-end iMac with Apple silicon to sit above the 24-inch iMac in the lineup A significant MacBook Air...
MBA Mock White Front Blue

2022 MacBook Air Getting Major Display Upgrade With One Drawback

Friday December 3, 2021 3:01 am PST by
Apple's next-generation MacBook Air is reportedly set to bring over many of the new MacBook Pro's features, with one noticeable omission, according to recent reports. The latest MacBook Pro models feature a mini-LED "Liquid Retina XDR" display with deep blacks and support for up to 1,600 nits peak brightness. The display also features Apple's "ProMotion" technology, which is capable of...
m3 feature black

Macs With 'M3' Chips Expected to Use TSMC's 3nm Chip Technology With Test Production Reportedly Underway

Thursday December 2, 2021 7:36 am PST by
Apple's chipmaking partner TSMC has kicked off pilot production of chips built on its 3nm process, known as N3, according to Taiwanese supply chain publication DigiTimes. The report, citing unnamed industry sources, claims that TSMC will move the process to volume production by the fourth quarter of 2022 and start shipping 3nm chips to customers like Apple and Intel in the first quarter of...
apple watch series 7 aluminum colors

2022 Apple Watch Lineup Rumored to Include New Apple Watch SE and 'Rugged' Model for Sports

Sunday December 5, 2021 8:22 am PST by
Apple is planning an entire revamp of its Apple Watch lineup for 2022, including an update to the Apple Watch SE and a new Apple Watch with a rugged design aimed at sports athletes, according to respected Bloomberg journalist Mark Gurman. Writing in the latest installment of his Power On newsletter, Gurman said that for 2022, alongside the Apple Watch Series 8, Apple is planning an update to ...