Goldman Sachs earmarks stellar sum to mitigate climate change and address poverty

The US-based investment bank intends to spend USD 750 billion to finance climate change mitigation and poverty-reducing efforts.

Goldman Sachs' HQ in New York City. | Photo: JOHANNES EISELE/AFP / AFP

BY KRISTOFFER BRAHM

Goldman Sachs has set a major spending target of USD 750 billion to fight climate change and poverty.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles

Receive our daily newsletters

Access our app

Get full access for you and your coworkers

Start a free company trial today

Ørsted plans bond issuance in Taiwan
For subscribers
Danish FSA warns pension funds on billion-euro green power pledge
For subscribers
"We can make responsibility and high returns go hand in hand"
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Photo: Foto: Green Power Denmark / Thomas Steen Sørensen

Policy & Trading

Green Power Denmark: No single law can solve problems posed by China

Ensuring European production without losing global competitiveness is crucial in the EU’s overall legislative package, according to Jan Hylleberg. ”That’s the dilemma of being European,” he says.

EU headed for billion-euro tariffs on Chinese electric cars

Wind supplier feels the impact of Chinese sanctions: "We are heading down a dangerous road"

For subscribers

Policy & Trading

Angry customer seeks to block Siemens Gamesa divestment with lawsuit

EnergyWatch.eu

Siemens Gamesa secures major offshore wind order in Germany

For subscribers

Utilities

Climate council calculations cast doubt on pyrolysis effect by 2030

For subscribers

On June 1, Senvion's former CFO Manav Sharma started as US country manager for Nordex. Soon he will have a new factory at his disposal. | Foto: Senvion

EnergyWatch.eu

Nordex restarts production in the US

For subscribers

Renewables

Danish wind supplier exceeds own expectations by far

For subscribers

BP pauses offshore wind projects to focus on fossil fuels

The new CEO will focus more on oil and gas, according to Reuters.

For subscribers

Wind supplier feels the impact of Chinese sanctions: "We are heading down a dangerous road"

EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.

For subscribers

Maersk Supply Service aims to quadruple profits

The shipping company, which Maersk sold in a major deal last year, now guides for operating earnings of USD 150m.

For subscribers

RWE sees hydrogen pipe as crucial for future offshore wind in Denmark

If the German energy giant is to bid on new offshore wind projects in Denmark, access to a hydrogen pipe is needed to distribute the power produced.

For subscribers

Vestas lands order for 81MW in Scotland

Inventergy has ordered 18 wind turbines from Vestas.

Norlys invests in growth after earnings plummet

Norlys Energy Trading is currently investing in growth, but competition for the best people has never been so intense, says the head of the energy trading company.

For subscribers

Angry customer seeks to block Siemens Gamesa divestment with lawsuit

In the midst of an arbitration case with back-and-forth claims over a record-breaking turbine order, an Indian project developer now sues Siemens Energy to prevent the manufacturer’s departure.

EnergyWatch.eu

Siemens Gamesa secures major offshore wind order in Germany

Iberdrola takes final investment decision on the third offshore wind farm in its Baltic cluster and awards orders worth over one billion euros.

For subscribers

Alexey Ustinov joined Siemens Energy last year as head of the hydrogen business from a similar position at Cummins in the US. | Foto: Cummins

Cleantech

Siemens Energy is ready for Chinese competition

The political trend towards marginalizing China is dangerous, says Siemens Energy’s hydrogen chief, who is confident about the German company’s abilities despite the much cheaper Chinese plants.

Oil & Gas

BP pauses offshore wind projects to focus on fossil fuels

The new CEO will focus more on oil and gas, according to Reuters.

For subscribers

Renewables

Wind supplier feels the impact of Chinese sanctions: "We are heading down a dangerous road"

EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.

For subscribers