Apple Announces $200 Mn Forestry Fund To Reduce Carbon
Umer Jamshaid Published April 16, 2021 | 08:00 AM
San Francisco, (UrduPoint / Pakistan Point News - 16th Apr, 2021 ) :Apple on Thursday announced a $200 million fund to invest in timber-producing commercial forestry projects, with the goal of removing carbon from the atmosphere while also generating profit.
The Restore Fund, launched in partnership with Conservation International and Goldman Sachs, expected to have its first projects targeted later this year.
"Nature provides some of the best tools to remove carbon from the atmosphere," Apple vice president of environment, policy and social initiatives Lisa Jackson said in a statement.
"Through creating a fund that generates both a financial return as well as real, and measurable carbon impacts, we aim to drive broader change in the future -- encouraging investment in carbon removal around the globe." Forests draw in carbon from the air, storing it away and stopping the gas from contributing to climate change.
The fund aims to remove one million metric tons of carbon dioxide annually from the atmosphere, equal to the amount spewed by more than 200,000 passenger vehicles.
Apple said last year it would become carbon neutral by 2030 for all its operations, including manufacturing.
The California-based iPhone maker said its goal was to have no climate impact for all its devices sold.
"Investing in nature can remove carbon far more effectively -- and much sooner -- than any other current technology," Conservation International chef executive M. Sanjayan said in a joint release.
"As the world faces the global threat climate change presents, we need innovative new approaches that can dramatically reduce emissions." Also Thursday, Google unveiled a time-lapse feature to its Google Earth service that provides a satellite view of the world.
The new feature is based on tens of millions of satellite images from the past 37 years to enable users to see in rich detail how the face of the planet has changed.
"Timelapse in Google Earth is about zooming out to assess the health and well-being of our only home, and is a tool that can educate and inspire action," the company said in a blog post.
"Visual evidence can cut to the core of the debate in a way that words cannot and communicate complex issues to everyone."
Related Topics
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From Miscellaneous
-
Modern Education Techniques: A pathway to achieve economic development
2 hours ago -
Kite Flying: From cultural festival to deadly sport
3 hours ago -
PDMA predicts gusty wind, rain with thunder, hails
3 days ago -
Iranian president Raisi given guard of honour at PM House
4 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
5 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
5 days ago
-
Cattle farming vital to alleviate poverty in rural areas
5 days ago -
Pakistan: A land of tourism, archeological wonders
5 days ago -
Transforming education sector: from job hunters to job creators
7 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
11 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
12 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
12 days ago