Apple Commits To Restoring Forests With $200 Million USD Fund
As a part of the company’s action plan to reach its carbon-neutral goal.
Apple has recently revealed that they are not completely confident in their goal of becoming carbon neutral by 2030. To ensure they reach the goal, the tech giant has launched a $200 million USD Restor Fund with Conservation International and Goldman Sachs.
The goal of the fund is to remove at least 1 million metric tons of CO2 from the atmosphere each year through investing in a forest restoration project. Apple hopes that it hopes to focus on working forests, especially those of which aid in the rejuvenation of the world’s biodiversity.
Apple was not shy to admit its dependence on the restoration project to reach its target. The tech company estimates that it would only be able to cut 75 percent of its emissions by 2030 through products and supply chain improvements. Apple notes that this would mark a first-of-its-kind approach to remove CO2. The eagerness to do so may be due to competitor, Microsoft’s ambitious goal of becoming carbon negative in a similar time frame.
It still remains to be seen whether or not Apple will be able to maintain its goal by 2030.
In other tech news, new rumors point to Apple removing iPhone notch and introducing new face ID system.
