Overview

• An NGO coalition analyzing 65 major lenders reports $3,285 billion for fossil fuels versus $1,368 billion for so‑called sustainable energy from 2021 to 2024.
• The totals equate to roughly 42 cents for the energy transition for every dollar to fossil fuels, which the authors say falls short of IEA guidance and Paris Agreement ambitions.
• Researchers apply a stricter definition of sustainable energy that excludes some bioenergy and hydro projects, a choice that can lower transition totals compared with banks’ disclosures.
• French institutions generally rank better than U.S., Canadian and Japanese peers, with La Banque Postale and Crédit Mutuel showing negligible fossil support and 7–9 times more for alternatives.
• BPCE is singled out as the only major French group that increased fossil financing over the period, and the French Banking Federation says lenders plan to boost renewables and progressively disengage from fossil fuels.