Apple has announced the launch of a new $300 million clean energy fund in China, this new fund is part of Apple’s commitment to fighting climate change.
The $300 million will be invested in China over the next four years, it will be used for clean energy projects, you can see more details below.
”At Apple, we are proud to join with companies that are stepping up to address the climate challenge,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “We’re thrilled so many of our suppliers are participating in the fund and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet.”
Transitioning to clean energy can be complex. This is especially true for smaller companies that may not have access to viable clean energy sources. By virtue of its size and scale, the China Clean Energy Fund will give its participants the advantage of greater purchasing power and the ability to attain more attractive and diverse clean energy solutions. The China Clean Energy Fund will be managed through a third party, DWS Group, which specialises in sustainable investments and will also invest in the fund.
You can find out more information about Apple’s new $300 million Clean Energy Fund for China over at their website at the link below.