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Banks are not investing enough in #CleanEnergy

"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 #ClimateChange.

At the end of 2023, the so-called energy-supply banking ratio, which includes debt and equity underwriting, was 0.89 to 1, up from 0.74 in 2022 and 0.78 in 2021."

https://www.bloomberg.com/news/articles/2025-01-29/global-banks-make-little-headway-in-addressing-climate-change