Banks gain $3.4bn from green fees; Korea Zinc invests $50m in Swiss Energy Vault: NRG Matters

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Thu, 2022-01-06 12:12

RIYADH: Further steps towards greener policies from governments and eco-friendly products from corporations continue despite the current volatility in the energy sector.

Looking at the Bigger Picture:

·UK’s prime minister — Boris Johnson — pledges to opt for cheap and affordable energy to help mitigate the pain of surging prices, Reuters reported.

·Banks gained $3.4 billion from green-labeled bond sales and loans as opposed to $3.3 billion from their work with oil, gas and coal firms in 2021, Bloomberg reported.

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