Monday
June 21
2021

IKEA, Rockefeller Foundations Partner over $1 Billion Global Platform to Fight Climate Change

By Joseph Rai

The IKEA Foundation and The Rockefeller Foundation have partnered to form a $1 billion global platform to fight climate change.

The platform seeks to empower 1 billion people by catalysing investments in distributed renewable energy (DRE), the foundations said in a joint statement.

DRE is a term used when electricity is generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralised sources like power plants.

Photo courtesy of Karsten Würth.

Source: VCCircle (link opens in a new window)

Categories
Energy, Environment, Investing
Tags
climate change, funding, impact investing, Off Grid Energy, partnerships, renewable energy, SMEs