Apple launches $200 million fund for climate change

Apple launches $200 million fund for climate change


Illustration by Alex Castro / The Verge

Apple has created a $200 million fund to invest in forestry projects to help remove carbon from the atmosphere while also generating financial returns for its investors, the company said Thursday. The Restore Fund will invest in forest properties that are managed to increase carbon removal and produce timber. The goal is to remove 1 million metric tons of carbon dioxide annually from the atmosphere.

Apple said last year it wants to eliminate its contributions to climate change and become carbon neutral by 2030. The company says it will directly eliminate 75 percent of emissions from its supply chain and products by 2030, and the Restore Fund will help address the other 25 percent of its emissions. Apple’s partners in the Restore Fund…

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