(Credit: SEB)
SEB’s new report highlights sustainable business trends in light of the rising economic cost of the climate crisis, finding increased growth in global clean energy investments and declines in sustainable-linked bond and loan financing.
The Nordic bank’s report also expects ESG to gain importance at the company level, especially as the economic loss from the climate crisis may have been underestimated.
Renewable Energy Investment at All-Time High, Still Requires Growth to Meet 2050 Targets
Strong growth was noted in renewable energy investments, with solar as a clear lead, and investments during the first half of 2023 totaled $334.5 billion, a new high for any six-month period. This level of investment, however, is still reportedly below what is required to decarbonize by 2050 and will need an additional $2 trillion annually in this decade, according to the BloombergNEF…
