IKEA Foundation commits $100m to drive 'equitable global shift' in EV uptake

Stuart Stone
clock • 2 min read
Credit: iStock
Image:

Credit: iStock

Four-year investment aims to support scheme backed by the ClimateWorks Foundation to save around 43 gigatonnes of CO2 from road transport in Africa, Latin America, and Southeast Asia

The IKEA Foundation has pledged $100m in funding to help drive the rollout of zero-emission road transport in emerging markets worldwide, it announced yesterday. Spread over four years, the funding...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Deliciously Ella owner saves vegan food business Allplants from administration

Deliciously Ella owner saves vegan food business Allplants from administration

The Allplants brand and assets are set to be added to Mills' Plants business, after the group fell into administration in November last year

clock 14 February 2025 • 3 min read
'Persistent failure': How UK pension funds are exposing savers' money to escalating climate risks

'Persistent failure': How UK pension funds are exposing savers' money to escalating climate risks

Action from pension funds to phase out investments linked to fossil fuels, deforestation, and land-use change remains badly 'inadequate', warns the Make My Money Matter campaign

Michael Holder
clock 13 February 2025 • 7 min read
UK investors and pension providers worth £1.2tr back climate stewardship statement

UK investors and pension providers worth £1.2tr back climate stewardship statement

The Asset Owner Statement on Climate Stewardship - led by the People’s Pension, Brunel Pension Partnership and Scottish Widows and others - sets out expectations for the sector on tackling the climate crisis

Holly Roach
clock 13 February 2025 • 4 min read