Apple announces $300m clean energy fund for China
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Apple announces $300m clean energy fund for China

CALIFORNIA tech giant Apple announced last week a US$300 million clean energy fund in China to invest in renewable energy that could power almost 1 million homes.

The company said Friday that it will invest the sum over the next four years into what it called the China Clean Energy Fund, aiming to support projects across six provinces across the country in order to reduce carbon emissions in its supply chain.

Renewable energy produced will total more than 1 gigawatt of power, Apple said. It hopes to generate more than 4 gigawatts of new clean energy globally by 2020.

Chinese authorities have identified reducing corporate environmental damage as a priority, pressuring local and international companies to implement measures that will reduce high levels of smog in urban areas and pollution in waterways and soil.

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Apple hopes to generate more than 4 gigawatts of new clean energy globally by 2020. Source: Apple

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“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 in a statement.

“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.”

Earlier this year, Apple announced that all of its facilities around the world are powered by 100 percent clean energy as part of a broader push into renewables.

The latest announcement comes as China and the United States lock horns in a trade war.