Business
Banks Are Falling Short on Financing Clean Energy Deals
Banks need a bigger commitment to underwriting enough low-carbon energy deals to help prevent climate change, according to the findings of a BloombergNEF report measuring the level of financing that banks are pouring into the energy transition. Alastair Marsh has the details on Bloomberg Television.
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Gautam Adani has won the dismissal of US fraud charges that threatened his global ambitions. After months of legal maneuvering, a major hurdle is gone, potentially clearing the way for the Indian billionaire to expand in the US.
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Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia’s future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on “Bloomberg Open Interest.”
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Meghan Robson, head of US credit strategy at BNP Paribas, and Milwood Hobbs, deputy CIO of Oaktree’s Strategic Credit platform, join Scarlet Fu on “Bloomberg Real Yield.”
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Europe’s biggest rivers, including the Rhine and Danube, are drying up after a series of heat waves, disrupting the transport of goods and boosting freight costs. #europe #weather #news #climatechange
Soaring temperatures are curbing power generation at riverside reactors, pushing up energy prices and straining Eastern European economies.
The river disruptions are becoming a test of how quickly the region can adapt infrastructure to a climate where extreme low water is likely to be increasingly common.
Read more: https://www.bloomberg.com/news/articles/2026-08-02/europe-s-key-rivers-are-drying-up-as-extreme-heat-impact-widens?sref=BPgrU5ep
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On the Big Take Asia podcast, K. Oanh Ha and Bloomberg’s Cat Barton unpack North Korea’s surprising rise from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances in Asia.
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@briandavis849
January 11, 2024 at 8:57 am
Thereis no climate crisis and nothing these fools are doing would help if there was.
@srikark3532
January 11, 2024 at 8:57 am
As per my personal experience JP Morgan and Wells Fargo, banks are the worst banks in terms of ethics. They spread deceit and lies and feast on greed.
@GLCL
January 11, 2024 at 8:57 am
Green fools
@bogdar2019
January 11, 2024 at 8:57 am
The audacity of these people…
@wanderer5200
January 11, 2024 at 8:57 am
This is not how capitalism works.
@sierra-holdings
January 11, 2024 at 8:57 am
why should bank borrow $ to something what is not very much profitable ?
if it is important, every person who believes in those green myths should take his 401 and invest directly to those new companies… not to go on tv and complain why banks do not invest in not-so-profitable business
@TimJamesSaunders
January 11, 2024 at 8:57 am
Who are you to tell the banks what to finance? (Said with Connor McGregor accent)
@KerriForsberg
January 11, 2024 at 8:57 am
Banks should be financing projects that will make them money, that's the point. Banks aren't made to fulfill social, political, or cultural fads.
@BudIsland
January 11, 2024 at 8:57 am
No one is going to finance "pie in the sky" ventures
@_Pooter_
January 11, 2024 at 8:57 am
if we all use CBDCs why not shut all dem bankz down … but what will happen to the DOW 🧐