Apr 18, 2018
Towards a future of renewable energy
Imagine going to work in a building that creates more energy than it uses, or living in a city entirely powered by renewable energy. Over the last five years, CAD $350 billion has been invested in renewable energy sources in North and South America. That number is expected to increase by another $50 billion every year as energy demands and the number of voices calling for greater sustainable practices grow.
Advancements in energy storage capacity and improved cost-competitiveness against other fuel sources are partially responsible for greater investment in renewable power. TD was the first Canadian bank to set a target to support the transition to a low-carbon economy through low-carbon lending, financing, asset management and other programs (read about our investment of CAD $100 billion by 2030, and how it will help shape the future of this industry in TD's 2017 Corporate Responsibility Report.)
Watch the video above to learn more about the future of renewable energy and why financial institutions have an important role to play in the transition to a low-carbon economy.