BNP Paribas commits EUR15 billion to renewable energy projects

Posted by Anton Murray Consulting on 24 Nov, 2015

The Asset

BNP Paribas says it is allocating EUR15 billion by 2020 to the renewable energy sector in support of the world’s transition to a low-carbon economy. The bank has also decided to strengthen its policies for the management of carbon risk.

BNP adds that there is broad scientific and political consensus today that the current trajectory in CO2 emissions must be curbed before 2020 if we are to restrict global warming to a 2ºC increase over pre-industrial levels.

The rest of this article can be found at theasset.com

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