Wall Street Bankers Cut the ‘Fluff’ Out of Transition Deals (1)

Never before has New York climate week attracted so many people. And never before have the bankers attending been so keen to distance themselves from the traditional framing of climate finance.

Bankers interviewed by Bloomberg emphasized the need to finance the vast supply of energy required to power growth in artificial intelligence. The goal of energy security was also often invoked. Decarbonizing loan books, however, was treated as less of a priority.

“The green premium has gone, as has a lot of the fluff and froth, so the only things that will get funded are those that make economic sense,” ...