The financial services giant will address global climate change through investment, financings and related activities to support the commercialization 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 $50 billion target is an estimate based on market-based activities and
transactions with clients as well as energy-saving "green" projects within Citi's own operations, it says.
This target includes nearly $10 billion in activities Citi has already undertaken to
address climate change to date, says the company.