This approach also helps address residual emissions businesses cannot yet avoid or reduce with existing technology.Īs part of the expansion, Apple will invest up to an additional $200 million in the new fund, which Climate Asset Management - a joint venture of HSBC Asset Management and Pollination - will manage. Apple created the Restore Fund to encourage global investment to protect and restore critical ecosystems and scale natural carbon removal solutions. First launched in 2021 with an up to $200 million commitment with Conservation International and Goldman Sachs, the Restore Fund is now set to grow with an additional fund, including new investment from Apple, and a new portfolio of carbon removal projects. Apple expands innovative Restore Fund for carbon removalĪ new fund with Climate Asset Management adds another option for securing high-impact, scalable, nature-based carbon removal offsetsĪpple today announced a major expansion of its Restore Fund, doubling the company’s total commitment to advancing high-quality, nature-based carbon removal projects.
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