Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told Bloomberg. Banks in the United States and Europe are looking to boost exposure to trading products and financing projects that are deemed of key importance to the energy transition. Bank of America BofA will hire people for trading roles as client demand for energy transition-related products is rising. The U.S.
Related Two Countries That Could Break Putin's Gas Grip On Europe Moreover, BofA’s institutional clients are also increasingly interested in index trading products that include key battery metal commodities, the executive noted. Major banks are also financing various decarbonization projects and initiatives with the so-called ‘transition finance’.