Can Apple's $1.5bn green bond inspire more environmental investments?

Apple's willingness to borrow billions to address the economic impact of climate change could pave the way for other businesses to do the same

On the surface, green bonds seem counter intuitive: why would a company willingly take on debt to finance environmental efforts? But Apple's recent decision to issue its first green bond suggests that this type of investment could play a key role in reining in global warming.

Apple's $1.5bn green bond, announced last month, will fund several initiatives, including the company's conversion to 100% renewable energy, installation of more energy efficient heating and cooling systems and an increase in the company's use of biodegradable materials. A green bond, like a typical bond, is simply a way to borrow money, but it's issued specifically to fund environmental projects.