Webinar

Financing the Energy Transition: How Low-Carbon and Fossil-Fuel Banking Stacks Up

On Demand
Duration: 49 Minutes
Original Date: April 04, 2023

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The most frequently referenced climate scenarios, under which average global temperatures rise no more than 1.5°C, indicate that for every dollar invested in fossil fuel supply in this decade, four should be invested in low carbon energy supply. This forms the basis of a 2021-2030 Energy Supply Investment Ratio (ESIR) of 4:1. Benchmarking day-to-day financial activity against these ratios is challenging. However, it is possible to use existing public and commercially available data to assess recent bank energy-sector financing activity and its allocation between low carbon and fossil fuels. This webinar is a briefing on this work.

Discussion points:
  • Energy financing flows from the global banking community
  • Energy supply banking ratios by institution
  • Regional low-carbon and fossil fuels breakdown
  • Net-Zero Banking Alliance progress
  • Financing gaps to net-zero

Speakers

Trina White

Sustainable Finance Associate

BloombergNEF

Katrina covers the financial industry’s transition to a low-carbon economy within BloombergNEF’s corporate sustainability research team, which publishes content on private sector climate reporting, target-setting, low-carbon pathways and sustainable finance. Katrina specializes in strategies for financial institutions pursuing net-zero targets through the Glasgow Financial Alliance for Net Zero (GFANZ).

Jonas Rooze

Head of Sustainability and Climate Research

BloombergNEF

Jonas leads BNEF’s sustainability and climate research. His team analyses the transition of the finance industry and empowers companies and investors to manage their transition risk and understand and score the progress of companies in transition. Before this, Jonas lead BNEF’s research on the transition of the European power sector and its impacts on utility and investor strategies and was author of BNEF’s New Energy Outlook for Europe. Jonas previously worked in sustainable energy consulting and holds an MSc in sustainable energy from Imperial College London and an MEng from Cambridge University.

Dr. April Merleaux

Research Manager

Rainforest Action Network

Dr. April Merleaux is the Research Manager on the Climate & Energy Team at Rainforest Action Network. She is the project lead for the Banking on Climate Chaos 2023 report.

Heffa Schuecking

Founder and Director

Urgewald

Heffa Schuecking is founder and director of the environment and human rights organization Urgewald and was the first German, who received the Goldman Environment Prize. Over the past 30 years, Urgewald has been a strong advocate for environmental and social standards for the finance industry. The organization helped initiate some of the world’s largest coal divestment actions and today, Urgewald’s Global Coal Exit List (GCEL) and Global Oil & Gas Exit List (GOGEL) are widely recognized as important data tools for the finance industry.

Access a broad range of analysis, research, insight and actionable ideas with Bloomberg webinars.