Research | Banking on climate chaos: Fossil fuel finance report 2023
Banking on climate chaos: Fossil fuel finance report 2023

Banking on climate chaos: Fossil fuel finance report 2023

15 August 2023

The 2023 edition of the Banking on Climate Chaos report reveals that since 2016, the world’s 60 largest banks have provided $5.5tn in fossil fuel financing. Renewable energy financing has increased, but fossil fuel expansion remains unchanged, preventing emissions from declining. To meet net-zero targets, banks must end lending and underwriting to fossil fuel expansion immediately.

 

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