Goldman Sachs Targets $150 Billion in Clean-Energy Deals by 2025
- Goal increases previous $40 billion target almost fourfold
- Environmental issues `have become core to our business'
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Goldman Sachs Group Inc. set a goal of arranging financing or investments in $150 billion worth of clean-energy projects by 2025, part of a promise to “harness market-based solutions” to address climate change.
The new target almost quadruples the $40 billion goal Goldman Sachs set in 2012. The New York-based investment bank also said it expects to spend $2 billion to make its operations more environmentally friendly and will seek to get all of its own electricity from renewable sources by 2020, according to a statement Monday.