US financial services company Wells Fargo & Co. will provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50 percent focused on clean technology and renewable energy transactions that directly support the transition to a low-carbon economy. More than $100 billion in financing offered by Wells Fargo will support the transition to a low-carbon economy by funding clean technologies, clean energy, green bonds, and alternative transportation. The remainder of the $200 billion will support companies and projects focused on sustainable agriculture, recycling, conservation, and other environmentally beneficial activities.
According to the company, projects owned in whole or in part by Wells Fargo in 2016 produced more than 9 percent of all wind and solar photovoltaic energy generated in the U.S., and in 2017, the company invested $12 billion in sustainable businesses.
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