Apple Inc., Goldman Sachs Group Inc. and Conservation International have started a $200 million fund to make investments in forestry projects, Apple said.
The Restore Fund aims to remove at least 1 million metric tons of carbon dioxide a year from the atmosphere, equivalent to the amount of fuel used by more than 200,000 passenger vehicles, Apple said Thursday.
Apple has set a target of being carbon neutral by 2030. It aims to eliminate 75% of emissions for its supply chain and products by 2030, and it said the fund will help address the remaining 25% of emissions.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 15, 2021 09:15 ET (13:15 GMT)
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