Apple funded 17 green bond projects in 2020 as part of the company’s planned $ 4.7 billion green bond spending. These projects save an average of 921,000 tonnes of CO2 emissions per year, the equivalent of almost 200,000 cars being removed from the road Apple. The projects will generate 1.2 gigawatts of renewable energy worldwide, with Apple adding over 350 megawatts of newly installed renewable energy last year in Nevada, Illinois, Virginia and Denmark.
Apple’s recent investments in renewable energy, including an on-site solar project outside of Reno Nevada that powers Apple’s Nevada data center, the wind farm outside of Chicago – a 112-megawatt virtual power purchase agreement with this Illinois wind farm covers the Power consumption by Apple in Chicago from region, solar project in Fredericksburg, Virginia. In addition, Apple has completed construction of two of the world’s largest onshore wind turbines, a source of clean, renewable energy that is now operational. The electricity, located near the Danish town of Esbjerg, will support Apple’s data center in Viborg, with all excess energy being fed into the Danish electricity grid.
“Apple is committed to protecting the planet we all share with solutions that support the communities we work in. We all have a responsibility to do whatever we can to combat the effects of climate change and our investment in $ 4.7 billion. Our green bond sales are a major driver of our efforts. Ultimately, clean electricity is good business, “said Lisa Jackson, vice president of environmental, political and social initiatives at Apple.
Since the historic climate change agreement at the United Nations Climate Change Conference 2015 (COP21) in Paris, Apple has invested the proceeds from three green bond issues to support global efforts to reduce CO2 emissions. In February 2016, the company issued its first $ 1.5 billion green bond, followed by its second round, worth $ 1 billion, in June 2017 after the previous US government announced that it would be on the COP21 to withdraw from the agreement. In November 2019, Apple issued its third set of green bonds and its first in Europe with two bonds of 1 billion euros each (around $ 2.2 billion total). Last July, Apple unveiled its plan to become carbon neutral across its entire business, supply chain, and product lifecycle by 2030. Apple is already carbon neutral for its global business operations today, and this new commitment means that by 2030, every Apple device sold will have no climate impact.
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