Apple is spending millions to clean up China's environment

Discussion in 'Industry News' started by Calliers, Jul 13, 2018.

  1. Calliers

    Calliers HH's MC Staff Member

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    Apple is charging up its renewable energy credentials in China.

    The iPhone maker said Thursday that it was launching a $300 million fund that will identify and invest in clean energy projects in the world's second biggest economy.

    Apple (AAPL) is partnering with 10 of its global suppliers for the fund, whose investments aim to generate enough renewable energy to power the equivalent of nearly one million homes in China.

    China's transformation into an economic powerhouse in recent decades has taken a toll on the country's environment and its people's health. Cracking down on pollution has become a priority for authorities, even if it crimps the country's economic growth.
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    Source: cnn
     

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