Billions of dollars are fueling clean energy and climate action

Finance and banking companies go where the money goes, and the money is headed straight towards clean energy to the fine tune of billions and billions of dollars. Earlier this year Citi Bank pledged $100 billion towards renewable energy over the next decade. Bank of America followed up with a finance target of $125 billion. Investing giant Goldman Sachs announced last week it would triple its allocations in clean energy finance to $150 billion and we haven’t even mentioned what investors overseas are contributing. And where investors are placing their money on clean energy, universities around the world are divesting from fossil fuels. Just yesterday, ten more universities in the UK announced they were in the process of moving money away from fossil fuels to join the global movement that has already seen more than 2,000 institutions and 400 individuals divest over 2.6 trillion dollars.

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Billions of dollars are fueling clean energy and climate action

Finance and banking companies go where the money goes, and the money is headed straight towards clean energy to the fine tune of billions and billions of dollars. Earlier this year Citi Bank pledged $100 billion towards renewable energy over the next decade. Bank of America followed up with a finance target of $125 billion. Investing giant Goldman Sachs announced last week it would triple its allocations in clean energy finance to $150 billion and we haven’t even mentioned what investors overseas are contributing. And where investors are placing their money on clean energy, universities around the world are divesting from fossil fuels. Just yesterday, ten more universities in the UK announced they were in the process of moving money away from fossil fuels to join the global movement that has already seen more than 2,000 institutions and 400 individuals divest over 2.6 trillion dollars.

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