Apple launches $300 million 'green' fund for China suppliers

Cornelia Mascio
Luglio 16, 2018

The idea is that the fund can invest in new power generators so that the companies that make parts for Apple - its suppliers - have better access to renewable energy sources.

So it's investing in a $US300 million fund along with its suppliers that will invest in new solar and wind projects in China.

The company and 10 initial suppliers will jointly invest nearly US$300 million over the coming four years into the new China Clean Energy Fund.

Apple and 10 of its suppliers are teaming up to develop clean energy projects in China.

Lisa Jackson, one of Apple's policy chiefs, and a former head of the US Environmental Protection Agency, commented: "At Apple, we are proud to join with companies that are stepping up to address the climate challenge".

"For the majority of enterprises, the transition to use clean energy is proving to be not easy". More than 85 suppliers have also signed up for Apple's Clean Energy Portal, an online platform that helps suppliers find clean energy solutions that are also commercially viable around the world. It is not clear what each will put into the fund, or if Apple supplies most of the money.

In 2015, Apple launched the Supplier Clean Energy Program. So far 23 manufacturing partners with operations in more than 10 countries have committed to powering their Apple production with 100% clean energy.

Apple is charging up its renewable energy credentials in China.

Apple has announced that it will be investing $300 million Dollars in the China Clean Energy Fund.

Apple's chief executive Tim Cook earlier this year called for calm heads in Washington and Beijing as the world's two largest economies have veered towards a trade war and exchanged tit-for-tat tariffs on billions of dollars of goods.

Cutting pollution has been made a key priority by China's government, pressuring both local and global companies to assist in cleaning up the nation's polluted soil and waterways while also reducing high levels of smog now in China's major cities.

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