Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance

Author: BankTrack

Date: 2022

Location: a:1:{s:64:"wpcf-fields-checkboxes-option-4945e049adc7d67d822b5ea5e4bf740e-1";a:1:{i:0;s:9:"Worldwide";}}a:1:{s:64:"wpcf-fields-checkboxes-option-4945e049adc7d67d822b5ea5e4bf740e-1";a:1:{i:0;s:9:"Worldwide";}}

Language: English

Type of resource: Report

Topics: Biomass finance

Commercial banks have a key role to play in financing a rapid and just energy transition. It is their lending decisions in the energy sector that decide whether capital is allocated to continuing our reliance on fossil fuels, or for energy solutions that create a solid fundament for a just and sustainable economy. The largescale use of wood biomass for power generation is no such solution.