United Nations has called on
businesses, governments, and
civil society to achieve Sustainable
Energy for All by 2030
Bank of America announces $1 billion commitment towards $10 billion Catalytic Finance Initiative
September 24, 2014
Bank of America has pledged $1 billion of its own resources to help finance clean energy projects that would normally not pass their risk assessments, and seed a $10 billion Catalytic Finance Initiative to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative will help develop innovative financing mechanisms to reduce investment risk and attract a broader range of institutional investors to the sector.
Speaking at the United Nations Climate Summit Finance session, Bank of America CEO Brian Moynihan said: “We want to take a leadership role in helping remove barriers to investment in clean energy projects around the world”. Read More.