Apple’s Restore fund of $200 million to combat climate change has been well appreciated across the globe. In a highly humble move, Apple has come forward to contribute a huge $200 million restore fund. The company maintains that this initiative is to combat and mitigate the burning issue of carbon emissions. Not only has this, but Apple also further hoped to reduce 75% carbon emissions from its supply chain primarily.

Apple’s Restore Fund: Target and Collaborations

Apple’s restore fund of $200 million is targeted to invest hugely in the projects related to the forestry department. These departments are inclined to clarify the environment of carbon emissions and are also committed to creating investment returns for the investors. So, not only Apple Inc. but also companies like Conservation International and Goldman Sachs have collaborated like-mindedly for the initiative. They are committed to removing nearly 1 million metric tons of carbon dioxide on an annual basis. Now, nearly 200,000 vehicles and automobiles put together generate this amount of carbon emission, which is colossal. Thus, with the restore fund, Apple also aims to become carbon neutral in the coming 10 years. An estimate according to researchers is that the tropical forests and trees today hold more carbon than what the human generation has emitted in the past three decades.

Other International Organizations involved:

As it is crucial to maintain transparency and prioritize the funds, the companies will follow the set standards of international environmental organizations. These organizations include the IPCC, the UN Climate Convention, and Verra. And not only this even Apple’s 110 manufacturing partners promise to be moving to 100% sources of renewable energy.

A word from Apple’s Vice-President:

Lisa Jackson is Apple’s Vice President of Environment, Policy and Social Initiatives said “Nature provides some of the best tools to remove carbon from the atmosphere. Forests, wetlands, and grasslands draw carbon from the atmosphere and store it away permanently in their soils, roots, and branches”.

Jackson further added, “Through creating a fund that generates both a financial return as well as real, and measurable carbon impacts, we aim to drive broader change in the future — encouraging investment in carbon removal around the globe. Our hope is that others share our goals and contribute their resources to support and protect critical ecosystems.”

Also Read : Earth Day 2021