Market Forces finds only two financing deals closed in first half of 2016 despite banks’ purported support for sector
Australia’s big four banks’ lending for Australian renewable energy projects has tumbled in the first half of 2016, despite all of them spruiking their continuing support for the sector.
Based on public announcements from the banks and their customers, the activist group Market Forces has found only two financing deals were closed this year in the Australian renewables sector.
Related: Australia’s biggest banks pump billions into fossil fuels despite climate pledges
Related: Global coal and gas investment falls to less than half that in clean energy