Apple, partners launch $200 Mn 'Restore Fund' to accelerate adoption of climate change solution


Apple recently announced a carbon removal initiative Restore Fund that will make investments in forestry projects to remove carbon from the atmosphere while generating a financial return for investors.


Launched with Conservation International and Goldman Sachs, Apple's $200 Mn fund aims to remove at least one million metric tons of carbon dioxide annually from the atmosphere, equivalent to the amount of fuel used by over 2 Lakhs passenger vehicles while demonstrating a viable financial model that can help scale up investment in forest restoration, a statement 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," said Lisa Jackson, Vice President of Environment, Policy, and Social Initiatives, Apple.