Apple Inc. (NASDAQ: AAPL) has always remained committed to making the planet earth carbon-free. The tech giant freshly executed projects are providing clean energy to local communities and also decreasing carbon emissions. These projects are part of the planned $4.7 billion Green Bond spend.
The US-based tech giant has financed 17 green bond projects in 2020 that will prevent an average of 921,000 metric tons of carbon emissions yearly, which is equal to eliminating almost 200,000 cars from the road. It has been anticipated that these projects will create 1.2 gigawatts of renewable energy all around the world.
Apple has invested profits from the three offerings of Green Bonds to provide support to global attempts in carbon emissions declines since the landmark climate change accord at the 2015 United Nations Climate Change Conference (COP21) in Paris. The firm has offered the first $1.5 billion green bond in 2016, and $1 billion in 2017. The third bond was offered by the tech giant in 2019.
Furthermore, apart from the green bond project, the firm has also invested in various projects that aimed for low carbon emission. AAPL has apportioned more than half of its total Green Bond spend $2.8 billion and will continue to spend on projects that tackle carbon emissions.