Week 4: Green or Greed? Banking, ESG Woes, and Renewables Rock!
esgonasunday.substack.com
Dear all, The 60 largest banks in the world have provided a staggering $5.5 trillion in fossil fuel financing since the Paris Agreement. The total spent on fossil fuel subsidies in 2022 is $7 trillion. The money needed as annual investment in renewable energy by 2030 is $4.5 trillion. In 2022, governments issued more than $1.7 trillion in public money to support fossil fuels through subsidies, investments by state-owned enterprises and lending from financial institutions.
Week 4: Green or Greed? Banking, ESG Woes, and Renewables Rock!
Week 4: Green or Greed? Banking, ESG Woes…
Week 4: Green or Greed? Banking, ESG Woes, and Renewables Rock!
Dear all, The 60 largest banks in the world have provided a staggering $5.5 trillion in fossil fuel financing since the Paris Agreement. The total spent on fossil fuel subsidies in 2022 is $7 trillion. The money needed as annual investment in renewable energy by 2030 is $4.5 trillion. In 2022, governments issued more than $1.7 trillion in public money to support fossil fuels through subsidies, investments by state-owned enterprises and lending from financial institutions.