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Apple launches $300 mn 'green' fund for China suppliers

AFP  |  Shanghai 

said today it has established a fund to invest nearly $300 million over the next four years to connect its Chinese suppliers to as pushes an anti-pollution drive.

The US giant said it and 10 initial suppliers would jointly provide the money for the Fund, aimed at helping the companies make the transition to

said the project would produce an initial one gigawatt of clean energy, equivalent to powering nearly a million homes.

Most of Apple's products worldwide are assembled in vast in that employ hundreds of thousands of workers, and the company has taken various steps to reduce resulting carbon emissions.

It said in April that its headquarters in Cupertino, California, had gone 100 percent renewable and announced initiatives to achieve the same in other facilities worldwide.

China's four-decade transition into an industrial behemoth has brought the side effects of severe air, soil and water pollution, and the government is pushing various initiatives to clean things up including incentives for and the

Among other projects, in late 2016 Apple said it bought a 30 percent stake in subsidiaries of China-based Goldwind, the world's largest wind turbine maker, to produce

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 10:45 IST
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