Citi has announced that they commit $1 trillion to sustainable finance by 2030.
- Citi will shift its funding towards clean and sustainable technologies.
- The private sector, not the government, is leading the way to emissions reductions.
- While it is important that Citi, a member of the private sector, is making these commitments, we believe that it is a mistake that Citi is moving completely away from fossil fuels. The best way to make an energy source cleaner is by innovating it, not moving away from it altogether.
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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.