Climate Investment Newsletter 9/21 - 9/27

A selective overview of what you may have missed

Fifth Third seeks to reach $8 billion in sustainable financing by 2025

• The financial services company plans for these investments to include lending commitments and financing for renewable energy projects like solar, wind, geothermal, biomass and hydropower

Analysis: China’s Covid stimulus plans for fossil fuels three times larger than low-carbon

• China’s main energy-consuming and producing provinces are directing the equivalent of hundreds of billions of dollars into fossil fuel projects, analysis of spending plans reveals.

Analysis: Going carbon neutral by 2060 ‘will make China richer’

• China’s surprise pledge to reach “carbon neutrality” before 2060 could cut global warming this century by 0.25C and raise the country’s GDP, our new analysis shows.

Redefining Corporate Renewables Procurement Strategy: Simplified, Effective and Accessible

• The renewable energy market has matured, and energy companies are moving to provide customers of all sizes access to innovative and simplified renewable energy solutions that help them attain their sustainability goals

Tesla outlines ambition to halve cost of batteries

• Electric car maker aims to have a vehicle priced at $25,000 within three years