Apple has announced that it is expanding its Restore Fund, which was first established in 2021. The Restore Fund is designed to pay for high-quality nature-based carbon removal projects to protect and restore “critical ecosystems.” Apple also wants to help scale viable carbon removal solutions for businesses that are unable to avoid or reduce their carbon emissions through existing technology.

Apple is investing up to an additional $200 million in the Restore Fund, doubling its initial $200 million commitment. The fund will be managed by Climate Asset Management, a joint venture of HSBC Asset Management and Pollination.

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