Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
Last updated 9 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
Apple launches $300m ‘green’ fund for China suppliers
July 13, 2018
 Print    Send to Friend

SHANGHAI: Apple said on Friday it has established a fund to invest nearly $300 million over the next four years to connect its Chinese suppliers to renewable energy as Beijing pushes an anti-pollution drive.

The US giant said it and 10 initial suppliers would jointly provide the money for the China Clean Energy Fund, aimed at helping the companies make the transition to clean energy.

Apple said the project would produce an initial one gigawatt of clean energy, equivalent to powering nearly a million homes.

Most of Apple’s products worldwide are assembled in vast production networks in China that employ hundreds of thousands of workers, and the company has taken various steps to reduce resulting carbon emissions.

It said in April that its headquarters in Cupertino, California, had gone 100 per cent renewable and announced initiatives to achieve the same in other Apple facilities worldwide.

China’s four-decade transition into an industrial behemoth has brought the side effects of severe air, soil and water pollution, and the government is pushing various initiatives to clean things up including incentives for renewable energy and the electric-car industry.

Among other projects, in late 2016 Apple said it bought a 30 per cent stake in subsidiaries of China-based Goldwind, the world’s largest wind turbine maker, to produce renewable energy.

Agence France-Presse

Add this page to your favorite Social Bookmarking websites
Post a comment
Other Latest News
Google to invest data centre and green energy in Denmark
COPENHAGEN: Alphabet Inc’s Google will invest 4.5 billion Danish crowns ($690 mln) in building a new data centre in Fredericia, Denmark, its Danish business said on Tuesd..
Bangladesh opposition says internet cut to HQ
DHAKA: Bangladesh’s main opposition party said on Tuesday that authorities have cut internet access at its headquarters after its exiled acting chief conducted interviews..
36,000 Yemenis benefit from ERC food aid
HODEIDAH: The Emirates Red Crescent (ERC) has distributed more than 180 tonnes of food supplies to people in the liberated western provinces of Yemen over the past five d..
Train derails in north Spain, killing one and injuring six
MADRID: A commuter train carrying around 150 people derailed outside the Spanish city of Barcelona on Tuesday, killing one person and injuring at least six, police said. ..
Virat Kohli says weakened Australia still ‘world-class’
BRISBANE: India captain Virat Kohli insisted on Tuesday Australia have the quality to upset the odds in their Twenty20 series and said his team will be focusing on the “l..
Advertise | Copyright