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Apple will help China go green with a $300 million investment fund

By Polycount · 8 replies
Jul 13, 2018
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  1. California isn't the only place that's looking to go green. China has also taken steps to reduce its greenhouse gas emissions. For example, Shenzhen city replaced every bus in its public fleet with all-electric alternatives back in December.

    Global tech companies aren't satisfied with China's progress so far, though. On Friday, Apple announced the upcoming China Clean Energy Fund, an investment fund designed to "connect suppliers with renewable energy sources" in the country.

    Apple is working together with "10 initial suppliers" to jointly invest a whopping $300 million over the next four years into this fund, with the goal of creating clean energy projects capable of generating more than "1 gigawatt of renewable energy."

    According to Apple, that's enough energy to power nearly 1 million homes.

    Apple VP of Environment, Policy and Social Initiatives Lisa Jackson discussed the fund in a statement:

    At Apple, we are proud to join with companies that are stepping up to address the climate challenge. We’re thrilled so many of our suppliers are participating in the fund and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet.

    While skepticism is certainly warranted here -- we don't know exactly how this money will be used yet -- if there's one company that's capable of putting its money where its mouth is regarding clean energy, it's Apple.

    Earlier this year, the tech giant announced that all of its global operations were powered by 100 percent renewable energy.

    Permalink to story.

  2. Dimitrios

    Dimitrios TS Maniac Posts: 320   +220

    Thanks APPLE! Make China great again! MCGA!
  3. VitalyT

    VitalyT Russ-Puss Posts: 4,252   +2,721

    If Apple were to put a dollar bill on the ground there, it would have enough to cover the entire China.

    Now that would be going green.
    CloudCatcher, tomkaten and Hexic like this.
  4. p51d007

    p51d007 TS Evangelist Posts: 1,829   +1,112

    They'll just invest it in something to destroy Apple.
    Capaill likes this.
  5. 1 million homes. That's amazing. What about the other 1.3 billion people?

    Grand-standing circle jerk.
  6. psycros

    psycros TS Evangelist Posts: 2,514   +2,211

    There is only one kind of green Apple cares about. If they really gave a damn about Chinese pollution they would bring some of those manufacturing jobs back to America. They woudn't even have to raise their prices to cover the extra expense, but merely accept a bit lower profits. And really, isn't the that responsible thing for a good corporate citizen to do?
  7. OneSpeed

    OneSpeed TS Evangelist Posts: 310   +123

    Trump is not interested in sustainability; case in point Paris Accord. Why would any of the MAGA folks care?
  8. Capaill

    Capaill TS Evangelist Posts: 780   +400

    2 questions from my cynical mind:
    1. What does Apple get in return?
    2. Why isn't Apple doing similar investments in the US?
  9. OneSpeed

    OneSpeed TS Evangelist Posts: 310   +123

    1. China is committed to Paris Accord, probably tax credits from them.
    2. No government incentives from the US.

    Geez, that simple really. You have Trump to thank for that. :\
    CloudCatcher likes this.

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