Some of the world's largest investment banks have provided billions of dollars to finance coal power companies in recent years, undermining one of the key objectives of the 2016 Paris Agreement - "making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development". During the observed period, Bank of China had provided more than 29 billion U.S. dollars to coal power companies. Of the leading financers, many are headquartered in China, which, in 2022, was the biggest producer of carbon dioxide emissions from coal combustion in the world.
Leading investment banks for coal power companies worldwide from 2016 to 2023
(in billion U.S. dollars)
Bank financing for 456 leading coal power companies were analyzed by the source. Figures prior to 2023 were collected from previous reports. The source notes that the 2024 report includes significant methodological changes, and that the 2024 results are not directly comparable to data published in previous years.
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Rainforest Action Network. (July 11, 2024). Leading investment banks for coal power companies worldwide from 2016 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved April 22, 2025, from https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network. "Leading investment banks for coal power companies worldwide from 2016 to 2023 (in billion U.S. dollars)." Chart. July 11, 2024. Statista. Accessed April 22, 2025. https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network. (2024). Leading investment banks for coal power companies worldwide from 2016 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: April 22, 2025. https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network. "Leading Investment Banks for Coal Power Companies Worldwide from 2016 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Jul 2024, https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
Rainforest Action Network, Leading investment banks for coal power companies worldwide from 2016 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/ (last visited April 22, 2025)
Leading investment banks for coal power companies worldwide from 2016 to 2023 (in billion U.S. dollars) [Graph], Rainforest Action Network, July 11, 2024. [Online]. Available: https://www.statista.com/statistics/1130415/top-bankers-for-coal-power-companies-globally/
