New $1 billion platform launched to tackle energy poverty and climate change

An aerial photo of solar panels

We’re joining forces with the Rockefeller Foundation in a $1 billion initiative to increase investments in renewable energy.

Our joint initiative aims to reduce 1 billion tons of greenhouse gas emissions and empower 1 billion people with distributed renewable energy. This is renewable energy that comes from local sources, such as mini-grids, rather than central sources like power plants.

A global platform, which combines the matching funds from both organisations, will launch this year.

800 million people worldwide still lack electricity. A further 2.8 billion people have unreliable access.

While funding for the energy transition has increased, investors struggle to identify viable projects. This means many emerging economies still depend on fossil fuels.

The new platform will help countries to leapfrog to renewables. At the same time, it will help tackle energy poverty and aid recovery from COVID-19.

Collective action

Per Heggenes, IKEA Foundation CEO, says: “Our collective ambition is to create a platform that supports renewable energy programmes which can deliver greenhouse gas reductions fast and efficiently.

“We need to replace polluting sources of energy with renewable ones, provide access to energy to communities and unlock further funding for sustainable models. Ultimately, we aim to unite countries and communities in urgent action to tackle the climate crisis. By doing so, we hope to positively impact the lives of 1 billion people.”

Post-pandemic recovery

Dr Rajiv J. Shah, President of The Rockefeller Foundation, says: “Millions of lives and trillions of dollars have been lost to COVID-19, forcing people back into poverty after decades of progress. The effects of the climate crisis will make this even worse, which is why we must invest now to reverse this downward spiral.”

He added: “Big, bold, and pioneering collaboration and investment is required not only for the short term, but also the long term, to galvanize a better future. That is why we are announcing our largest commitment to date and joining forces with IKEA Foundation to double that investment. Our partnership will unlock the financing and resources that are essential to provide clean, reliable electricity that improves the lives and livelihoods of people everywhere.”

Partner

Global Energy Alliance for People and Planet
Global Energy Alliance for People and Planet
https://www.energyalliance.org/

Global Energy Alliance for People and Planet

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  • Earlier this year, our ambassadors participated in the New York #AmbassadorHub at the United Nations πŸ§‘β€πŸ€β€πŸ§‘

The week was a huge success as our ambassadors had the chance to meet incredible leaders like Melissa Fleming, Under-Secretary-General for Global Communications at the @unitednations, Sivanka Dhanapala, Director of the New York office for @refugees and Sarah Bieber, Head of Energy Partnerships at @acumenorg.

Thanks to the amazing partners and ambassadors who collaborated with us ⭐ @refugees, @healthcarewithoutharm, We Mean Business Coalition

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  • β€œI'd like to see a future where young people are empowered; where they drive innovations and solutions that can be scaled to make a difference for their communities and the world around them.” 

As Founder and Lead of Programmes at @genunlimited, Urmila Sarkar is working to diminish employment gaps and improve the livelihoods of students through essential upskilling opportunities πŸ§‘β€πŸ€β€πŸ§‘

Read Urmila’s personal story to learn more via the link in bio πŸ”—

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Earlier this year, our ambassadors participated in the New York #AmbassadorHub at the United Nations πŸ§‘β€πŸ€β€πŸ§‘

The week was a huge success as our ambassadors had the chance to meet incredible leaders like Melissa Fleming, Under-Secretary-General for Global Communications at the @unitednations, Sivanka Dhanapala, Director of the New York office for @refugees and Sarah Bieber, Head of Energy Partnerships at @acumenorg.

Thanks to the amazing partners and ambassadors who collaborated with us ⭐ @refugees, @healthcarewithoutharm, We Mean Business Coalition

#ProudAmbassadors #AH2024
Earlier this year, our ambassadors participated in the New York #AmbassadorHub at the United Nations πŸ§‘β€πŸ€β€πŸ§‘

The week was a huge success as our ambassadors had the chance to meet incredible leaders like Melissa Fleming, Under-Secretary-General for Global Communications at the @unitednations, Sivanka Dhanapala, Director of the New York office for @refugees and Sarah Bieber, Head of Energy Partnerships at @acumenorg.

Thanks to the amazing partners and ambassadors who collaborated with us ⭐ @refugees, @healthcarewithoutharm, We Mean Business Coalition

#ProudAmbassadors #AH2024
Earlier this year, our ambassadors participated in the New York #AmbassadorHub at the United Nations πŸ§‘β€πŸ€β€πŸ§‘ The week was a huge success as our ambassadors had the chance to meet incredible leaders like Melissa Fleming, Under-Secretary-General for Global Communications at the @unitednations, Sivanka Dhanapala, Director of the New York office for @refugees and Sarah Bieber, Head of Energy Partnerships at @acumenorg. Thanks to the amazing partners and ambassadors who collaborated with us ⭐ @refugees, @healthcarewithoutharm, We Mean Business Coalition #ProudAmbassadors #AH2024
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β€œI'd like to see a future where young people are empowered; where they drive innovations and solutions that can be scaled to make a difference for their communities and the world around them.” 

As Founder and Lead of Programmes at @genunlimited, Urmila Sarkar is working to diminish employment gaps and improve the livelihoods of students through essential upskilling opportunities πŸ§‘β€πŸ€β€πŸ§‘

Read Urmila’s personal story to learn more via the link in bio πŸ”—

#PeopleAndPlanet #ClimateNarratives #ClimateSolutions
β€œI'd like to see a future where young people are empowered; where they drive innovations and solutions that can be scaled to make a difference for their communities and the world around them.” 

As Founder and Lead of Programmes at @genunlimited, Urmila Sarkar is working to diminish employment gaps and improve the livelihoods of students through essential upskilling opportunities πŸ§‘β€πŸ€β€πŸ§‘

Read Urmila’s personal story to learn more via the link in bio πŸ”—

#PeopleAndPlanet #ClimateNarratives #ClimateSolutions
β€œI'd like to see a future where young people are empowered; where they drive innovations and solutions that can be scaled to make a difference for their communities and the world around them.” 

As Founder and Lead of Programmes at @genunlimited, Urmila Sarkar is working to diminish employment gaps and improve the livelihoods of students through essential upskilling opportunities πŸ§‘β€πŸ€β€πŸ§‘

Read Urmila’s personal story to learn more via the link in bio πŸ”—

#PeopleAndPlanet #ClimateNarratives #ClimateSolutions
β€œI'd like to see a future where young people are empowered; where they drive innovations and solutions that can be scaled to make a difference for their communities and the world around them.” As Founder and Lead of Programmes at @genunlimited, Urmila Sarkar is working to diminish employment gaps and improve the livelihoods of students through essential upskilling opportunities πŸ§‘β€πŸ€β€πŸ§‘ Read Urmila’s personal story to learn more via the link in bio πŸ”— #PeopleAndPlanet #ClimateNarratives #ClimateSolutions
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