The collapse of SVB is unlikely to affect climate technology financing

The failure of Silicon Valley Bank (SVB) "is not likely to have a 'substantial' impact on the availability of capital for climate-related technologies, Mark Carney, the United Nations' special envoy for climate action and finance, said on Wednesday," Reuters reports. Elsewhere, Semafor reports on the collapse under the headline: "How the collapse of SVB harms the energy transition". The article states: “It was the sixth largest funder of renewable energy projects in the US in 2022, with $1.2 billion, and plans to offer $5 billion in funding to all kinds of climate-related businesses by 2027.” Financial Times reporter "moral money" "addresses the question of whether the sustainability movement is to blame for the collapse of SVB". It reads: “Tariq Fancy, former chief investment officer for sustainable investing at BlackRock, told Moral Money that he sees Republican claims linking SVB's failure to sustainability as simply feeding into the broader politicization of ESG.” Quartz asks: “Silicon Valley Bank Helped Fund China's Innovation Economy. What's next?'

The failure of Silicon Valley Bank (SVB) "is not likely to have a 'substantial' impact on the availability of capital for climate-related technologies, Mark Carney, the United Nations' special envoy for climate action and finance, said on Wednesday," Reuters reports. Elsewhere, Semafor reports on the collapse under the headline: "How the collapse of SVB harms the energy transition". The article states: “It was the sixth largest funder of renewable energy projects in the US in 2022, with $1.2 billion, and plans to offer $5 billion in funding to all kinds of climate-related businesses by 2027.” Financial Times reporter "moral money" "addresses the question of whether the sustainability movement is to blame for the collapse of SVB". It reads: “Tariq Fancy, former chief investment officer for sustainable investing at BlackRock, told Moral Money that he sees Republican claims linking SVB's failure to sustainability as simply feeding into the broader politicization of ESG.” Quartz asks: “Silicon Valley Bank Helped Fund China's Innovation Economy. What's next?'

Carbon Brief, Tommy Reggiori Wilkes and Virginia Furness, Reuters