Status of initiative: N/a
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.

Arrangements for Capacity-Building and Technology Transfer

Coordination mechanisms/governance structure

Partner(s)

Bank of America
Deliverables
2022
Based on historical performance, this would equate to approximately $35 billion in SE4All's focus areas of Renewable Energy, Energy Efficiency and Energy Access.
Sustainable Development Goals and targets
Goal 7
Resources devoted to implementation
Financing (in USD)
50,000,000,000 USD
SMART
This initiative does not yet fulfil the SMART criteria.
SDGs
Information
Location: USA
Date of completion: 2022
Operating in countries
Partner connections
Contact information/focal point(s)
Ashwani Chowdary, ashwani.chowdary@bankofamerica.com

Documents
#SDGAction847
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