$1 billion funding initiative launched to catalyze investments in distributed renewable energy

Single largest distributed renewable energy initiative aims to reduce 1 billion tons of greenhouse gas emissions and improve 1 billion lives by: Kick-starting post-pandemic economic recovery + Enabling emerging economies to leapfrog to renewable energy / The initiative will be operated through a new global platform, launching in 2021

The IKEA Foundation and The Rockefeller Foundation today announce they will join forces to set up a $1 billion global platform to fight climate change and energy poverty. The platform – launching this year – aims to reduce 1 billion tons of greenhouse gas emissions and 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... ... More: Official Press Release IKEA Foundation

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