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)
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- Energy, Environment, Investing
