Apple creates fund for 'working forests' as part of carbon-removal efforts

The fund will specifically invest in forestry projects that focus on restoring woodlands

The Apple facility on Cork's northside.

Tech giant Apple has launched a new $200m (€167m) fund to invest in forestry projects as part of the company's efforts to reduce carbon from the atmosphere while generating a financial return for investors. 

The Restore Fund was launched with Conservation International and Goldman Sachs and will aim to remove at least one million metric tonnes of carbon dioxide annually from the atmosphere.