Wells Fargo, the number three US bank by total assets, has pledged to make available more than $100bn to finance clean technology and renewable energy projects through 2030.

This financing will focus on companies and projects that directly support the transition to a low-carbon economy including alternative transportation, clean technologies, green bonds and renewable energy.

Above that amount up to $200bn, the bank will provide additional financing to support development of sustainable agriculture, conservation, recycling and other environmentally beneficial activities.