Wells Fargo – $200 billion by 2030

Home / Environment / Wells Fargo – $200 billion by 2030

Roughly, $17 billion a year through 2030 – not a trivial number. It’s a nice headline – shows the bank sees profits in green (get it?). I wonder what it means structurally – are they hiring specialists? Training lenders to chase deals like this? Opening the fund mandates a bit wider to accept these types of projects and then modeling projected volumes based upon relative parts of the broader economy? That’s 1.7% of the projected $1T needed to green the planet.

SOURCE: More than 50 percent of the financing will be focused on companies and projects that directly support the transition to a low-carbon economy, including clean technologies, renewable energy, green bonds, and alternative transportation. The remainder of the financing will support companies and projects focused on sustainable agriculture, recycling, conservation, and other environmentally beneficial activities.