Some of the world's largest investment banks have provided billions of dollars to finance coal power companies in recent years, undermining one of the key objectives of the 2016 Paris Agreement - "making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development". During the observed period, Bank of China had provided more than 29 billion U.S. dollars to coal power companies. Of the leading financers, many are headquartered in China, which, in 2022, was the biggest producer of carbon dioxide emissions from coal combustion in the world.
Leading investment banks for coal power companies worldwide from 2016 to 2022
(in billion U.S. dollars)
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Rainforest Action Network. (August 14, 2023). Leading investment banks for coal power companies worldwide from 2016 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network. "Leading investment banks for coal power companies worldwide from 2016 to 2022 (in billion U.S. dollars)." Chart. August 14, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network. (2023). Leading investment banks for coal power companies worldwide from 2016 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network. "Leading Investment Banks for Coal Power Companies Worldwide from 2016 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Aug 2023, https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network, Leading investment banks for coal power companies worldwide from 2016 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/ (last visited November 03, 2024)
Leading investment banks for coal power companies worldwide from 2016 to 2022 (in billion U.S. dollars) [Graph], Rainforest Action Network, August 14, 2023. [Online]. Available: https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
