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$50 billion, 10 year, Environmental Business Initiative .:. Sustainable Development Knowledge Platform
$50 billion, 10 year, Environmental Business Initiative
Information
  • Submitted by: Bank of America
  • Topic: Energy
  • Keywords: low carbon,finance
  • Location: USA
  • Date of completion: 2022
  • Click for more information
Action Network
  • This voluntary initiative came from Sustainable Energy for All (SE4All)

Partner(s)

Bank of America

Description/achievement of initiative

Bank of America has set a goal to commit $50 billion over ten years to finance Energy Efficiency, Renewable Energy and Energy Access and other actitives that advance the low-carbon economy.

Implementation methodologies

By mobilize financial resources to support energy efficiency, For further detailed information. Please refer to the deliverables.

Deliverables
Deliverable Date
Based on historical performance, this would equate to approximately $35 billion in SE4All's focus areas of Renewable Energy, Energy Efficiency and Energy Access. 2022
Resources
Type Details
Financing (in USD) $50,000,000,000
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