Cupertino, California – Apple’s recently completed renewable energy projects, part of a company set to spend $ 4.7 billion, bring clean energy to local communities while reducing carbon emissions. By 2020, Apple has funded 17 Green Bond projects that will avoid an average of 921,000 tons of carbon a year, equivalent to removing about 200,000 cars from the road. Projects that will generate 1.2 gigawatts of renewable energy worldwide, Apple added more than 350 megawatts of newly renewable energy last year in Nevada, Illinois, Virginia and Denmark. The release of Apple Green Bond is among the largest in the private sector.
“Apple is committed to protecting the planet we all share with solutions that support the communities in which we operate,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “We all have a responsibility to do our utmost to combat the effects of climate change, and the $ 4.7 billion investment we have made from our sale of Green Bond is a key driver in our efforts. Ultimately, clean energy is good business. ”
Since the history of the climate change agreement at the 2015 United Nations Climate Change Conference (COP21) in Paris, Apple has invested in the acquisition of triple Green Bonds to support global efforts to reduce carbon emissions. In February 2016, the company released its first $ 1.5 billion Green Bond, followed by its second round of $ 1 billion in June 2017 following a previous announcement by the US Administration with a view to withdrawing from an agreement reached at COP21. In November 2019, Apple released its third set of Green Bonds and the first in Europe, for two bonds each for 1 billion euros (estimated at $ 2.2 billion USD).
In addition to the details in Apple’s Green Bond Impact Report, the company has continued to fund new projects that support low carbon and engineering, energy efficiency, renewable energy, carbon reduction, and carbon fiber. Apple has allocated more than half of the Green Bond – $ 2.8 billion – and will continue to invest in projects that deal with carbon emissions. Last July, the company unveiled its carbon neutrality program for all of its businesses, manufacturing, and product life cycle by 2030. Apple is already neutral today in its operations of global companies, and this new commitment means that by 2030, every Apple device sold will have a major impact on climate change.
Apple’s Recent Investments in Renewable Energy