Apple announces $200 million Restore Fund to reduce climate change impact

Apple, earlier in the month, revealed that around 110 of the company’s supplier companies around the world including some India-based partners are moving to 100 per cent renewable energy for their Apple production, with nearly 8 gigawatts of planned clean energy set to come online.

Now, the Cupertino-based firm has announced a collaboration with Conservation International and Goldman Sachs to set up ‘Restore Fund’, a carbon removal initiative to accelerate the green innovations to solve problems caused by climate change.

Also, Apple is pledging $200 million for Restore Fund and one of the first aims is to remove at least 1 million metric tons of carbon dioxide annually from the atmosphere, equivalent to the amount of fuel used by over 200,000 passenger vehicles.