Skip to content
Green
Finance

Bank Fees for Green Debt Surpass Fossil-Fuel Financing

With money pouring into the less-than-transparent ESG market, it was bound to happen. The question now is how long it will last.

U.S. Currency Production At The Bureau of Engraving and Printing
Photographer: Andrew Harrer
By

Sign up to receive the Bloomberg Green newsletter in your inbox.

It’s official. For the first time since the unveiling of the Paris climate agreement in 2015, banks earned more fees arranging green-related bond sales and loans than they did helping fossil-fuel companies raise money in the debt markets.