Ikea ringfences €1.5bn to help end reliance on fossil fuels

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

Credit: iStock

Fresh funding from Ikea's largest retailer aims to accelerate renewable energy transition and enable phase out of the direct use of fossil fuels

Ingka Group has announced it is investing €1.5bn as part of efforts to bolster Ikea's access to renewable energy and phase out the retailer's direct use of fossil fuels. According to an update yesterday,...

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

More on Buildings

Study: Delayed efficiency standards have cost households £5bn since 2017

Study: Delayed efficiency standards have cost households £5bn since 2017

ECIU analysis calculates the repeated deferral of more demanding energy efficiency standards has left families living in new build homes facing hefty bills that could have been avoided

James Murray
clock 16 May 2025 • 3 min read
Hospitals have huge environmental footprints – here's how they can be more sustainable

Hospitals have huge environmental footprints – here's how they can be more sustainable

Better building design based on retrofit and fabric first approaches and better operational flexibility can help cut the NHS's environmental footprint, argues James Scott Vandeventer from Manchester Metropolitan University

James Scott Vandeventer, Manchester Metropolitan University
clock 02 May 2025 • 5 min read
How Hastings Commons is reviving 'difficult and derelict' buildings

How Hastings Commons is reviving 'difficult and derelict' buildings

Senior leaders from Hastings Commons explain how their 'lean, green' community organisation is working to address the housing and climate crises at a hyper-local level

Stuart Stone
clock 24 April 2025 • 12 min read