Low-Carbon Bank Financing Tops $1 Trillion, Nears Fossil Fuels

0.97:1 : Ratio of low-carbon to fossil-fuel financing in 2025, up from 0.95:1 in 2024 $2.3 trillion: Total volume of energy supply financing in 2025, up 15% from 2024 Global banks arranged $0.97 of low-carbon energy supply finance for every dollar of fossil-fuel financing in 2025, according to BloombergNEF’s latest Energy Supply Banking Ratios report. That ratio marks a gradual improvement from 0.95:1 in 2024, but remains far below the average 4:1 Energy Supply Banking Ratio (ESBR) needed this decade to align with climate goals. Despite a shift toward low-carbon energy, fossil-fuel investment still rose in aggregate terms. Elevated oil and gas financing among the trillions in recourse debt, public equity, project finance and tax equity tracked by BNEF pushed fossil-fuel volumes up to $1.19 trillion. Low-carbon financing…