Ingka Group Becomes a Founding Member of Asia Clean Energy Coalition

Ingka Group has taken an important step to support its renewable energy targets by becoming a founding member of Asia Clean Energy coalition (ACEC).

Announced during the COP27 United Nations Climate Change Conference, the new coalition is a platform that will convene the world’s leading clean energy buyers, investors, and project developers of renewable energy in the Asia region to align and reinforce recommendations for policy and regulatory frameworks.

Founded by Climate Group, the Global Wind Energy Council (GWEC) and the World Resources Institute (WRI), the coalition’s vision for 2030 is that clean energy in Asia’s markets is accessible, affordable, and accountable at scale, with effective procurement frameworks, regulation and investment.

The coalition will also raise awareness of the large and growing corporate renewable electricity demand in Asia.

By joining and becoming a founding member, the coalition will support Ingka Group in reaching its renewable energy targets in Asia and positively impact the wider transition towards 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", says Karen Pflug, Chief Sustainability Officer, Ingka Group.

“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,” said Sam Kimmins, Director of Energy and Head of RE100, Climate Group.