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Banks' finance for clean energy still lags behind fossil fuels, report says

Banks gave 81 cents in financing support to low-carbon energy supply for every dollar they provided to fossil fuels in 2021, but they will need to ramp up their commitments much further for the world to hit its climate goals, according to a new report.
Societe Generale Jon Moore Energy Supply Banking Ratio Bank Financing Activity Energy Supply Investment Deutsche Bank
Source: theiet.org

Bank finance for cleaner energy grows, says report

LONDON: Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil fuels in 2021, a report showed on Tuesday, but they will need to ramp up their commitments much further for the world to hit its climate goals. Several climate scenarios suggest that to limit global temperature rises to 1.5 degrees Celsius above the
City Of United Kingdom Jon Moore Energy Supply Banking Ratio Jp Morgan Deutsche Bank

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