The industry-led, UN-convened Net-Zero Banking Alliance brings together banks worldwide representing over 40% of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050.
But is it just Greenwash………………
ShareAction – ‘Net zero’ banks continue to finance oil & gas expansion, ignoring climate science…… (February 2022)
Big banks fund new oil and gas despite net zero pledges
IEA International Energy Agency – The pathway to critical and formidable goal of net-zero emissions by 2050 is narrow but brings huge benefits, according to IEA special report.
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