Apple Launches $99 Million Clean Energy Fund in China
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Apple Inc. has announced a new clean energy fund in China worth 720 million yuan ($99.22 million), coinciding with CEO Tim Cook's visit to Beijing, Reuters reports.
The technology giant said in a statement on Monday that the fund aims to expand its clean energy capacity in China, a crucial step in its global commitment to transition its supply chain to 100% renewable energy by 2030.
This initiative underscores Apple's commitment to environmental sustainability and its efforts to reduce its carbon footprint, particularly in a major manufacturing hub like China. The new clean energy fund is expected to support a range of projects, including renewable energy generation, energy efficiency improvements, and grid modernization.