In 2022, green lending exceeded debt financing for the fossil fuel industry
“For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies,” writes Bloomberg’s Tim Quinson. Data compiled by Bloomberg show that, in 2022, “roughly $580 billion was arranged in 2022 for renewable energy and other environmentally responsible ventures, while the oil, gas and coal industries turned to…(Read more)