Ingka Group becomes Asia Clean Energy Coalitions’ founding member
The coalition will convene the world’s leading clean energy buyers, investors, and developers.
The Ingka Group has become a founding member of the Asia Clean Energy Coalition (ACEC).
The ACEC serves as a platform that will convene the world’s leading clean energy buyers, investors, and project developers of renewable energy in the region.
“Accelerating the renewable energy transition and decarbonizing the energy sector is key to limiting global warming to 1.5°C. Countries in Asia have a big potential to transition towards renewable energy, so it’s critical to create the enabling policy and regulatory framework that the Asia Clean Energy Coalition is working towards,” Karen Pflug, Chief Sustainability Officer, Ingka Group, said.
The coalition was founded by the Climate Group, Global Wind Energy Council, and the World Resources Institute (WRI).
It seeks to raise awareness of the growing clean power demand in Asia, as well as make it more accessible, affordable, and accountable.
“There’s an urgent need to raise awareness of the large and growing corporate renewable electricity demand in Asia. The policy and regulatory environments in many parts of Asia are not set up for cost-effective, efficient corporate procurement of renewable electricity and this must be fixed if these countries are to reach their decarbonisation goals,” Sam Kimmins, Director of Energy and Head of RE100, Climate Group, said.