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#SDGAction847
$50 billion, 10 year, Environmental Business Initiative
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
Progress reports
Goal 7
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.
Financing (in USD)
50,000,000,000 USD

Basic information
Time-frame: 2012 - 2022
Website
Partners
Bank of America
Countries
Contact information
Ashwani Chowdary, Global Environmental Executive, ashwani.chowdary@bankofamerica.com
United Nations