The Net Zero Banking Alliance, or NZBA, launched in 2021 under the aegis of the United Nations Environment Programme Finance Initiative . The alliance asks member banks to commit to achieving net-zero greenhouse gas emissions across their operations and “lending and investment portfolios” by 2050 .
Earth
Big banks abandoned a voluntary climate alliance. Now, critics are calling for new laws.
Published
Reading time1 min read
Article Summary
Environmental groups say state and international policymakers must step up to stop fossil fuel financing.
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