Finance
Bezos, Ikea and Rockefeller Promise Billions for Climate
A new group would let countries make targeted donations; it aims to attract 10 times the initial investment
Photographer: Krisztian Bocsi/Bloomberg
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Global philanthropies dug into their pockets to make a big statement on the first full day of the United Nations climate conference.
The Rockefeller and Ikea foundations on Monday announced plans to create a Global Energy Alliance for People and Planet that will enable rich governments — as well as rich people — to make incremental, efficient donations toward the energy transition in poorer nations.