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

'A giant step backward': Trump administration axes limits on coal and gas power plant pollution

Bristol becomes first UK city to ban 'ultra-fast fashion' ads

More on Investment

Could council bonds unlock much-needed funding for local climate action?
Investment

Could council bonds unlock much-needed funding for local climate action?

Could cash-strapped UK councils borrow money from their own residents to pay for local climate action? New Green Finance Institute research makes a compelling case

Michael Holder
Michael Holder
clock 15 September 2026 • 8 min read
Investment

Clean Growth Fund backing rises to £81.5m after boost from pension funds

Border to Coast Pensions Partnership and Strathclyde Pension Fund both confirm investment in second close of Clean Growth Fund II

Jonathan Stapleton
Jonathan Stapleton
clock 10 September 2026 • 3 min read
Advisers' Sustainability Group urges FCA to clarify green finance guidelines
Investment

Advisers' Sustainability Group urges FCA to clarify green finance guidelines

Industry-led working group warns absence of a clear FCA position in some areas 'creates uncertainty that will likely limit the adoption and long-term success of the ASG's recommendations'

Michael Nelson, Investment Week
clock 09 September 2026 • 4 min read