The company's logo is seen outside an IKEA Group store in Pace near Rennes
The fund, which will be launched this year, aims to reduce one billion tons of greenhouse gas emissions and empower one billion people with distributed renewable energy, the foundations said in a joint statement. "This can be commercially viable. There's $1 billion taking risk upfront, and that can unlock tens of billions of dollars," the report quoted Rajiv Shah, president of the Rockefeller Foundation. "We're not gambling here. We've seen it work in India. We know what it takes to become successful."
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