19 Jun '17, 12pm

Apple Issues a Second Green Bond to Finance Clean Energy

Apple Issues a Second Green Bond to Finance Clean Energy

Apple Inc., which issued the biggest green bond ever sold by a U.S. corporation last year to finance projects fighting global warming, is doing it again. On Tuesday, the iPhone maker issued a $1 billion green bond to fund renewable energy generation. It builds on $1.5 billion worth of bonds the Cupertino, California-based company sold a year ago to further its goal of running 100 percent of its operations on renewable energy. While companies in recent years have issued tens of billions of dollars in green bonds for projects that cut global-warming emissions, the size of Apple’s first issuance fueled speculation that other companies would follow. Its latest one comes less than two weeks after President Donald Trump decided to pull the U.S. out of the Paris climate accord, an international pact to curb greenhouse-gas emissions signed by almost 200 countries. “Leadership from...

Full article: http://www.renewableenergyworld.com/articles/2017/06/appl...

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