'Major failings': Just seven per cent of global bank's energy finance directed to renewables

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

New study led by financial and environmental campaign groups suggest global banks are struggling to deliver on the goals of the Glasgow Financial Alliance for Net Zero

Banks under fire for failing to divest from fossil fuel assets in support of their net zero goals have repeatedly argued that while they are reluctant to offload polluting assets with immediate effect...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Author spotlight

Amber Rolt

View profile
More from Amber Rolt

'Doing more harm than good': How the global biofuel industry is still struggling to deliver promised emissions reductions

'Responsible mining can become the default': UN calls for overhaul of energy transition mineral financing

More on Investment

'Responsible mining can become the default': UN calls for overhaul of energy transition mineral financing
Investment

'Responsible mining can become the default': UN calls for overhaul of energy transition mineral financing

Report argues financing of mining should be reformed to help promote environmentally and socially responsible production

Amber Rolt
clock 10 October 2025 • 4 min read
'Returns, resilience, and growth': Top CEOs urge governments to seize 'historic opportunity' offered by climate economy
Investment

'Returns, resilience, and growth': Top CEOs urge governments to seize 'historic opportunity' offered by climate economy

Ahead of next month's COP30 Summit, the World Economic Forum's Alliance of CEO Climate Leaders publishes open letter urging world leaders to accelerate the transition to a low-carbon and resilient economy

Amber Rolt
clock 10 October 2025 • 3 min read
Poll: 80 per cent of UK public support pensions being invested in renewable energy
Investment

Poll: 80 per cent of UK public support pensions being invested in renewable energy

YouGov poll finds more than half of Reform voters and over 70 per cent of Tory voters support their pensions being invested in renewables

Michael Holder
Michael Holder
clock 08 October 2025 • 3 min read