Sunday, 15 September, 2019

Apple Launches Clean Energy Fund in China

Image taken from Pixabay Image taken from Pixabay
Rhonda Young | 16 July, 2018, 12:41

Initially, 10 suppliers and Apple will jointly invest about $300 million into the China Clean Energy Fund for the next four years.

The fund will invest in and develop clean energy projects totalling more than 1 gigawatt of renewable energy in China, the equivalent of powering almost 1 million homes.

A third party, the DWS GROUP, which specializes in sustainable investments and will also invest in the fund, will manage the project. Those investments will be used to power operations of the 10 participating.

Trump brands Russia a 'foe' ahead of Putin summit
At last, Donald Trump will get the chance to meet with Vladimir Putin at the formal summit both men have been seeking for months. The summit is happening just days after 12 Russian citizens were charged with meddling in President Trump's election victory.

Factories and industrial players which break emissions rules are part of the problem, but smaller companies which do not have access to viable clean energy sources are another.

Apple is charging up its renewable energy credentials in China. The tech giant will work with ten of its suppliers to develop clean energy sources for them. At the time, CEO Tim Cook said the company was "committed to leaving the world better than we found it".

Most of Apple's products worldwide are assembled in vast production networks in China that employ hundreds of thousands of workers and the company has taken various steps to reduce the resulting carbon emissions. That will help ensure that there are clean energy options throughout Apple's - and other businesses - entire supply chain in the country. More than 20 of its suppliers have also pledged to power their production for Apple from only clean energy sources, according to the company.

Croatian President Kolinda Grabar-Kitarovic wins everyone's heart with her super sporting
Her pictures, wearing a Croatian jersey, while cheering on her team were broadcast to the world. The French national team took a lead into halftime thanks to a penalty kick.

Do you believe that the China Clean Energy Fund will help the coal-dependent Asian nation to shift to renewable energy?

The suppliers to participate in the new fund include Chinese manufacturers Pegatron and Luxshare-ICT.

However, supply chains have proved more hard to "green".

Greek court rules to extradite cybercrime suspect to France
France is seeking the 38-year-old for alleged cybercrime, money laundering, membership in a criminal organization and extortion. But he said in practice, it'll be up to Greece's justice minister to decide where Vinnik ends up.

Cutting pollution has been made a key priority by China's government, pressuring both local and global companies to assist in cleaning up the nation's polluted soil and waterways while also reducing high levels of smog now in China's major cities.

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