Apple is spearheading a new $300 million clean energy investment fund in China to help tackle climate change.
The tech giant – along with 10 suppliers – will get the ball rolling on a fund that will be used to develop projects capable of powering the equivalent of one million homes.
“At Apple, we are proud to join with companies that are stepping up to address the climate challenge. 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,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives.
Whether it’s committing to 100% renewable energy across their own operations, or generating additional power for use by the wider community, corporates are working to accelerate the energy transition.