Bank fees for green debt surpass fossil-fuel financing

For the first time since the 2015 Paris Climate Agreement banks earned more through green-related bond sales and loans than through…
Bank fees for green debt surpass fossil-fuel financing

Bank fees for green debt surpass fossil-fuel financing

For the first time since the 2015 Paris Climate Agreement banks earned more through green-related bond sales and loans than through helping fossil fuel companies raise money in debt markets. Overall, banks made an estimated $3.4 billion in green labeled debt deals and only $3.3 billion from working with gas, oil, and coal companies. In comparison, in 2020 they made around $1.9 billion for green and $3.7 billion for fossil fuels. Are they taking advantage of the emerging market or are they interested in helping in the transition to clean energy?