“New Report Reveals Global Banks Funneled $2.7 Trillion into Fossil Fuels Since Paris Climate Agreement, with Financing on the Rise Each Year”
The latest report on Banking on Climate Change 2020, was released on 18th March. The report finds that financing of the fossil fuel industry has increased every year since the Paris Agreement in 2017. This is in stark contrast to the goals being set by many Governments and private companies to reduce carbon emissions and set future targets to become Co2 neutral.
This report was endorsed by ESG Consulting.