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IKEA to move to clean energy by 2020

IKEA, the world’s largest furniture retailer, will shift to renewable energy by 2020 and grow more trees than it uses under a plan to safeguard nature that has won support from environmentalists, reported Reuters. The Swedish-based group, which wants to build on many customers’ desire for a greener lifestyle, also said it would limit sales by 2016 to energy-efficient products including induction cookers and LED light bulbs. Under the plan, IKEA will invest 1.5 billion euros from 2009-15 in solar and wind power to produce at least 70 percent of the group’s energy. By 2020 it would produce as much renewable energy as it consumes.

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