Financing the Transition: Energy Supply Investment and Bank Financing Activity
In 2021, banks financed 81% as much low-carbon energy supply as fossil fuels – for every dollar of bank financing activity supporting fossil-fuel supply, 0.8 supported low-carbon energy. While financing is a different metric to capital invested, this ratio broadly reflected real-economy investment activity at 0.9:1. For every dollar invested in fossil fuel supply in 2030 this should be matched with four times as much being invested in low-carbon energy supply.
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