Together with Conservation International and Goldman Sachs, Apple’s $ 200 million fund aims to remove at least 1 million tons of CO2 annually from the atmosphere.
Apple logo in San Francisco, California, USA. Photo: AFP / VNA On April 15, Apple announced an initiative to reduce carbon emissions with the Recovery Fund (RF), which aims to invest in forestry projects to reduce carbon emissions from the atmosphere while generating profits. for financial investors. Together with Conservation International and Goldman Sachs, Apple’s $ 200 million fund aims to remove at least 1 million tons of CO2 annually from the atmosphere, equivalent to the emissions of more than 200,000 passenger vehicles. According to the company “Apples Defect”, RF can help expand the scale of investment in forest rehabilitation. Conservation International will co-invest in RF while Goldman Sachs will take on the role of fund manager. Apple said the three sides will identify new projects later this year. Nature offers one of the best tools for removing carbon from the atmosphere, says Lisa Jackson, Apple’s vice president of environmental, policy and social initiatives. By setting up a fund that generates both financial returns as well as helping to reduce emissions, Apple seeks to promote broader change in the future, by encouraging investments in carbon removal across the country. bridge. Apple hopes that others will share its goals and contribute resources to support and protect ecosystems. In July 2020, Apple announced its goal of neutralizing 100% of its entire supply chain and product lifecycle by 2030 and directly eliminating 75% of its supply chain and product emissions. 2030. It is expected that RF will help solve the remaining 25% of Apple’s emissions by removing carbon from the atmosphere. During the past year, 15 Apple suppliers in China pledged to join the plan and shift Apple’s manufacturing operations to 100% renewable energy. Apple Vice President and CEO of Apple in China Isabel Ge Mahe said that as early as 2015, Apple has launched a long-term cooperation plan for many years with the World Natural Foundation to build more than 400,000 hectares of forests in China. to 2020./.
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