Banks' green-debt fees near $3 billion, topping fossil fuels
In short
Big global banks made about $3 billion in fees from green projects this year.
The report says this was the fifth year in a row that green financing beat fossil-fuel lending. It names Bank of China, BNP Paribas and Deutsche Bank on green bonds, while Wells Fargo and JPMorgan led US fossil-fuel deals. The exact fossil-fuel total was not stated.
What the reporting says
Leading global banks earned nearly $3 billion from green-project financing this year, topping fossil-fuel lending for a fifth straight year. The publisher-supplied summary says Bank of China, BNP Paribas and Deutsche Bank were major players in green bonds, while Wells Fargo and JPMorgan led US banks in fossil-fuel financing. The reporting does not give a full bank-by-bank breakdown, and it does not state the total fossil-fuel fee amount.
Why it matters
Banks worldwide generated nearly $3 billion in fees from climate-related financing this year, according to the summary, marking the fifth consecutive year green-debt revenue topped fossil-fuel financing. The named banks include Bank of China, BNP Paribas and Deutsche Bank on green bonds, with Wells Fargo and JPMorgan leading US fossil-fuel deals. The reporting does not provide the underlying transaction count or the exact fossil-fuel fee total.