Analytics

Global Banks Make Little Headway in Addressing Climate Change

Bloomberg reports that financing ratio for low-carbon energy rose slightly in 2023. Key number remains far below net zero emissions goal of 4 to 1.
Global Banks Make Little Headway in Addressing Climate Change
The world’s largest banks are showing little progress when it comes to their promise of helping the world avoid the worst consequences of global warming. According to researchers at BloombergNEF, the ratio of spending on low-carbon infrastructure relative to fossil fuels needs to reach 4 to 1 by 2030 to limit climate change. At the end of 2023, the so-called... ...

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