UK Banks Triple Down on Clean Energy

UK financial institutions triple clean energy investments, report shows

RWE's Gwynt y Mor, the world's second largest offshore wind farm, 13km from land in Liverpool Bay, off northern Wales. PA

A report by the City of London Corporation and Climate Policy Initiative (CPI) has revealed that UK financial institutions have almost tripled their investment in clean energy projects in just one year to $2.3 billion in 2023.

The report adds that the rate of increase in investments, into clean energy projects by UK financial institutions was the fastest across all global financial centres in the study.

UK financial institutions triple clean energy investments, report shows

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