Apple has announced a $300 million fund (RM1 billion) to promote clean energy in China, with the purpose of the fund being to boost the use of renewable energy in its supply chain. The company and 10 of its key suppliers and manufacturing partners, including Corning, Pegatron, Wistron and Luxshare Precision Industry, will contribute to the fund over the next four years. The money will go toward developing projects totalling a gigawatt of renewable energy in China, Apple said. In 2015, Apple committed to using clean energy in its supply chain and has said it hopes to create 4 gigawatts of renewable energy globally by 2020. Earlier in 2018, the company also helped aluminium suppliers Alcoaand Rio Tinto Aluminium kickstart development of a new technology that eliminates greenhouse gas emissions during production, which is expected to be ready by 2024.

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