Apple Acquires 100,000 Carbon Credits from Guyana
Technology company Apple recently bought 100,000 of Guyana’s carbon credits as part of its efforts to reduce its corporate and product emissions footprint for 2024.
The credits purchased from Guyana were retired by Apple, meaning that the 100,000 credits issued to the company have been removed from circulation and cannot be traded or used again. For years, Guyana has worked on a mechanism to monitor, report, and verify the carbon stored in its trees, amounting to over 19 gigatonnes. Under an international mechanism called ART TREES, credits are issued based on the carbon stored in forests.
Guyana entered the voluntary carbon market in 2022, allowing countries and companies to invest in environmental actions that compensate for the harmful carbon emissions their operations release into the atmosphere.
The American oil firm Hess Corporation was the first to support this venture, purchasing one-third of the carbon credits issued to Guyana at a cost of approximately USD $750 million.
Apple has now acquired credits from Guyana’s 2019 stock; this move is expected to contribute directly to Apple’s corporate climate goals.
“The jurisdictional program includes all 18 million hectares of forest in Guyana—about 85 percent of the landmass—and enables the country to benefit from its historically low deforestation rate, while funding low-carbon development priorities,” Apple stated in its 2025 Environmental Progress Report.
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