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Apple is collaborating with 10 global fund providers whose investments aim to generate enough renewable energy to power the equivalent of nearly one million homes in China, according to CNN Money.
Apple turns China into economic power in recent decades has had an impact on the country's environment and on the health of the people. Reducing pollution has become a priority for the authorities, even though it affects the country's economic growth.
The Greenpeace environmental group warned that electronic production consumed a lot of energy in China and depended on coal-fired power plants. about the new fund in China is the last move that could get closer to the Chinese government. CEO Tim Cook frequently visits the country, and the company creates research and development centers there.
Many Apple products are made in China and then shipped worldwide.
The company now risks being trapped in the trade war between Washington and Beijing
Apple has invested in the wind and solar energy industry in China past. But the new fund is separate from previous renewable energy initiatives of the company
Deutsche Bank (DB) will also manage the fund and will also invest
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