As solar and wind power enter the post-subsidy era, the next few years will be critical for China’s energy transition with investors learning to navigate the uncertainties of market reforms. With the 14th five-year plan – touted as a watershed in China’s energy system development – in the works, a report has recommended clear targets for 2021-2025 in terms of solar and wind power deployment and a reduction of coal consumption.
The furniture brand has touted its plan for a sustainable future before. Now, ahead of the COP25 climate change conference, Ikea says it will spend €200 million improving raw material sourcing and realizing 100% clean energy supply for its production operations.
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