Ikea, Rockefeller Foundations to set up $1bn global platform to fight climate change
The Ikea Foundation and The Rockefeller Foundation on Monday said they will join forces to set up a USD 1 billion global platform to fight climate change and energy poverty.
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“The platform launching this year aims to empower 1 billion people with distributed renewable energy (DRE). This is renewable energy generated from sources such as mini-grid and off-grid solutions, located near the point of use, rather than centralized sources like power plants,” Ikea Foundation said in a statement.
Ikea Foundation said the new global platform will oversee the organisations’ combined matching funds.
Source: The Statesman
