Tag: COP26
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Net-Zero Banking Alliance Shuts Down: What Happened and What It Means
Origins and Promise: The NZBA’s Global Push toward Net-Zero In April 2021, as part of a broader push to align financial activity with climate goals, former U.N. special envoy for climate action and finance Mark Carney helped found the Net-Zero Banking Alliance (NZBA). The coalition brought together 63 banks from 32 countries, collectively managing about…
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Carney-led Net-Zero Banking Alliance collapses after mass member exodus
The rise and fall of the NZBA Carney-championed and global in reach, the Net-Zero Banking Alliance (NZBA) was formed in April 2021 as part of a broader push to align lending with climate goals. Then-United Nations special envoy on climate action and finance, Mark Carney, helped bring together 63 financial institutions from 32 countries, representing…