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Green Finance Goes Mainstream, Lining Up Trillions Behind Global Energy Transition

By May 22, 2021December 23rd, 2021No Comments

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Green Finance Goes Mainstream, Lining Up Trillions Behind Global Energy Transition

May 22, 2021 • Wall Street Journal

After years of intermittent excitement and fizzled expectations, environmental-oriented investing is no longer just a niche interest

Some of the world’s biggest companies and deepest-pocketed investors are lining up trillions of dollars to finance a shift away from fossil fuels.

Assets in investment funds focused partly on the environment reached almost $2 trillion globally in the first quarter, more than tripling in three years. Investors are putting $3 billion a day into these funds. More than $5 billion worth of bonds and loans designed to fund green initiatives are now issued every day. The two biggest U.S. banks pledged $4 trillion in climate-oriented financing over the next decade.

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