Green
A $3.2 Trillion Refinancing Wall Looms for High-Carbon Issuers
The figure represents more than half all outstanding debt from carbon-intensive sectors.
Oil rig and pump in Stanton, Texas.
Photographer: SUZANNE CORDEIRO/AFP via Getty Images
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The credit market’s appetite for high-carbon companies will soon be put to the test, with around $3.2 trillion of debt from commodities and utilities issuers due to be refinanced over the coming years.
The figure represents more than half of all outstanding debt from carbon-intensive sectors and equates to a refinancing need of about $600 billion each year through 2030, according to findings provided by London Stock Exchange Group Plc.