Apple Inc. announced a new clean energy fund in China worth 720 million yuan ($99 million), aligning with CEO Tim Cook’s visit. This initiative aims to expand clean energy capacity and supports Apple’s goal of a 100% renewable energy supply chain by 2030.

On Monday, Apple Inc. announced the establishment of a clean energy fund in China, valued at 720 million yuan, equivalent to approximately $99 million. This announcement coincides with CEO Tim Cook’s visit to Beijing and reflects the company’s commitment to enhancing its clean energy initiatives within the country. Apple’s objectives include transitioning its supply chain to 100% renewable energy by the year 2030, demonstrating a proactive stance on sustainability in its operations.

In summary, Apple’s creation of a $99 million clean energy fund in China underscores its dedication to renewable energy efforts. This initiative not only aligns with the company’s sustainable goals but also marks a significant investment in the clean energy sector within the region. The fund represents a crucial step towards achieving Apple’s target of a fully renewable supply chain by 2030.

Original Source: www.usnews.com

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