How Ingka’s Huge Investment in Smart Energy Will Be Spent

November 19, 2024

The necessity of teamwork in the lead up to net zero

Jesper stresses that while Ingka’s commitment is substantial, effective climate action requires wide-ranging cooperative efforts.

“As businesses, we have an important role to play in phasing out fossil fuels, but we cannot do it alone,” he states. “We welcome the COP28 pledges on renewable energy and energy efficiency and consensus on transitioning away from fossil fuels.”

He advocates for a partnership between corporations and governments to address systemic challenges like complex policy frameworks and inefficient permitting processes, as these can significantly hinder progress.

Jesper remains optimistic, though.

“Now, to move from pledges to impact, governments and businesses need to combine efforts and address obstacles such as complex and inefficient policy, permitting and reporting frameworks,” he explains.

“We have five years left to deliver to the Paris Agreement – with the right commitment and leadership we have it in our hands.”


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