🏛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.
📊 At the end of 2023, the so-called energy-supply banking ratio (ESBR), which includes debt and equity underwriting, was 0.89 to 1, up from 0.74 in 2022 and 0.78 in 2021.
📉Investment in low-carbon energy surpassed capital flows into oil, gas and coal projects for the first time and bank financing for fossil fuels actually fell in 2023. However, part of the reason for the decline in financing was China, where more companies switched to loans from bonds — and data on loans is harder to nail down.
📈Bank financing for fossil fuel and low carbon energy supplies totaled $1.6 trillion in 2023, down from $1.8 trillion the prior year. From the 2023 figures, BNEF came up with the ESBR of 0.89 for the industry.
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© Иқтисодий шарҳ
© Economic Review
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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.
📊 At the end of 2023, the so-called energy-supply banking ratio (ESBR), which includes debt and equity underwriting, was 0.89 to 1, up from 0.74 in 2022 and 0.78 in 2021.
📉Investment in low-carbon energy surpassed capital flows into oil, gas and coal projects for the first time and bank financing for fossil fuels actually fell in 2023. However, part of the reason for the decline in financing was China, where more companies switched to loans from bonds — and data on loans is harder to nail down.
📈Bank financing for fossil fuel and low carbon energy supplies totaled $1.6 trillion in 2023, down from $1.8 trillion the prior year. From the 2023 figures, BNEF came up with the ESBR of 0.89 for the industry.
Read full:
⬇️⬇️⬇️
en review.uz/en/pka
ru review.uz/pka
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
telegram | facebook | twitter|linkedin