Goldman Sachs to invest $150 billion in clean energyStaff writer ▼ | November 4, 2015
The Goldman Sachs Group will expand its clean energy target to $150 billion in financings and investments by 2025 as part of its updated Environmental Policy Framework.
Goldman Sachs Environmental Policy Framework
By 2025, Goldman Sachs will target $150 billion in clean energy financing and investments, expanding the existing $40 billion target set in 2012.
By 2015, Goldman Sachs will be the first US investment bank to be carbon neutral across its operations and business travel. By 2020, the firm will target $2 billion in green operational investments and seek to source 100 percent renewable power for its global electricity needs.
Goldman Sachs will target the deployment of clean energy solutions to underserved markets to facilitate more equitable and affordable access through the launch of a Clean Energy Access Initiative.
The Goldman Sachs Center for Environmental Markets will invest $10 million in grants through partnerships that will demonstrate the potential of innovative financial mechanisms to unlock capital for environmental solutions. ■