AMWatch

Ikea and Rockefeller Foundations in historic green energy push

In a move to kickstart the energy transition globally, the Ikea Foundation and the Rockefeller Foundation announced today that they will each donate USD 500m to support distributed renewable generation projects in developing nations.

Photo: Stephane Mahe/REUTERS / X02520

Roughly 2.8 billion people worldwide don't have access to reliable power, according to the United Nations, but the two philanthropies the Ikea Foundation and the Rockefeller Foundation estimate that donating USD 500m each will bring energy to a billion of them over the next decade.

Further, since the partnership will target communities that might otherwise rely on fossil fuels for power generation either now or in the future, they expect that the combined gift will reduce carbon emissions by a billion metric tons.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch