Apple has launched a $200-million fund, along with its partners to stimulate natural solutions for climate change. According to the company, through the carbon removal initiative called the Restore Fund, investments in forestry projects will be made to remove carbon from the atmosphere while also generating a financial return for the investors.

According to an official release by Apple, the $200 million fund launched with Conservation International and Goldman Sachs, intends to remove a minimum of 1 million metric tons of carbon dioxide annually from the atmosphere, comparable to the amount of fuel used by over 200,000 passenger vehicles, while demonstrating a viable financial model that can help scale up investment in forest restoration. The initiative is part of Apple’s broader goal to become carbon neutral across its entire value chain by 2030. With the company directly eliminating 75% of emissions for its supply chain and products by 2030, the fund will help tackle the residual 25% of Apple’s emissions by removing carbon from the atmosphere.

Apple's CEO Tim Cook wrote on Twitter that Apple is proud to be carbon neutral & by 2030 our products and manufacturing will be too. We take a new step today with a $200 million fund to invest in working forests, one of nature’s best tools to remove carbon.