Citigroup targets $50b to address global climate change
Citigroup recently announced that it will direct $50 billion over the next 10 years to address global climate change, says a press release.It will tackle the climate change through investments, financings and related activities to support the commercialisation and growth of alternative energy and clean technology among the clients and markets it serves, as well as within its own businesses and operations. The $50b target includes nearly $10 billion in activities Citigroup has already undertaken to address climate change to date, and is the latest example of Citigroup's ongoing efforts in the broader environmental arena.
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