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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

Drax inks £20bn deal to develop GW-scale data centre at biomass power plant

Volvo's Karin Svensson: 'It is important to show that change is happening'

More on Investment

Survey: Over half of firms favouring banks with stronger green credentials
Investment

Survey: Over half of firms favouring banks with stronger green credentials

UK firms are the most confident in Europe about Britain’s sustainable finance credentials, but support is tested by challenging economic climate

Amber Rolt
clock 03 November 2026 • 2 min read
'Mixed signals': Only five countries have active deadlines to phase out fossil fuel subsidies
Investment

'Mixed signals': Only five countries have active deadlines to phase out fossil fuel subsidies

Recent emissions trends 'particularly far' from alignment with Paris Agreement goals, new study warns

Stuart Stone
Stuart Stone
clock 03 November 2026 • 4 min read
Study: Small businesses worldwide face $1.1tr green finance gap
Investment

Study: Small businesses worldwide face $1.1tr green finance gap

SMEs estimated to require huge increase in investment in energy efficiency, clean technologies, and climate adaptation measures to maintain competitiveness, but green loans remain hard to secure

BusinessGreen staff
BusinessGreen staff
clock 03 November 2026 • 3 min read