Apple To Invest Another $200 Million In Carbon Removal Fund

Apple said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 to remove carbon from the atmosphere. Reuters reports: The additional investment is expected to help the fund start new projects and carry forward its previously stated goal to remove about 1 million metric tons of carbon dioxide per year, the company said. Apple is making efforts to become carbon neutral through its entire supply chain and the life cycle of every product by 2030. The fund, launched with Goldman Sachs Group Inc (GS.N) and nonprofit Conservation International, has invested in forest properties in Brazil and Paraguay in the last two years. The expanded fund will be managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination, Apple added.

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