Apple has announced a $300 million green energy fund in China
![The Apple logo is pictured on an iPhone in an illustration photo taken in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau](https://assets.weforum.org/article/image/large_1WqfdZmrK2soC2NED4Teh_BV5bnIZame8T5jCT_QLpI.jpg)
It could power almost 1 million homes in China. Image: REUTERS/Regis Duvignau
![A hand holding a looking glass by a lake](/uplink.jpg)
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:
Future of the Environment
Apple Inc (AAPL.O) will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country.
![The Apple logo is seen on a computer screen in this illustration photo taken in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau](https://assets.weforum.org/editor/tOmMBYFiF8y73vAg8mca5uiV4Uee9OpQiGs4Nix_p7Y.jpg)
China’s government has made cutting pollution a key priority, putting pressure on local and international firms to help reduce high levels of smog in its major cities and clean up the country’s waterways and polluted soil.
The investment from the iPhone maker, which will be made along with 10 suppliers including Pegatron Corp (4938.TW) and Wistron Corp (3231.TW) over a four-year period, also comes as the United States and China lock horns over trade.
Apple’s chief executive Tim Cook earlier this year called for calm heads in Washington and Beijing as the world’s two largest economies have veered towards a trade war and exchanged tit-for-tat tariffs on billions of dollars of goods.
The U.S. firm makes most of its products in China, which are shipped around the world, including to the United States. China is also one of Apple’s most important end markets, although it has faced a rising challenge from local smartphone rivals.
Apple has been making a broader push in renewable power. Earlier this year it said that its global facilities were now fully powered by clean energy.
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Related topics:
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.
More on Nature and BiodiversitySee all
Michelle Meineke
July 12, 2024
Victoria Masterson, Stephen Hall and Madeleine North
July 11, 2024
Yangjie (JoJo) Zheng and John Dutton
June 26, 2024
Tania Strauss and Sundararajan Mahalingam
June 26, 2024
Xi Xie and Qin Haiyan
June 24, 2024
Spencer Feingold
June 23, 2024