French banks’ strategies and actions against climate change: increasing financing for renewable energies and green and sustainable loans. For every €1 provided in fossil fuel production financing, €2.6 are provided for renewable energy financing and €12 for green and sustainable loans

French banks are stepping up their drive to channel financial flows towards the energy transition. They prove increasingly large amounts to finance transition projects carried out by their customers (businesses, local authorities or individuals). To this end, they publish their annual benchmark study, which outlines positive trends in their financing and actions.