There is a saying in English that goes put your money where your mouth is to call for consistency between what is said and what is done. Well, five years after the Paris Agreement to halt global warming was signed, the global financial sector is finally getting in tune with the growing commitment of companies and governments to move forward in reducing greenhouse gas emissions.

According to an analysis by Bloomberg, covering some 140 financial services institutions worldwide, this year—through mid-May—for the first time, debt issuance, including bonds and loans, for renewable energy and other clean projects exceeded that for fossil fuel companies.