Tag: Net-Zero
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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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Net-Zero Banking Alliance shuts down after member exodus
The end of an era for climate finance governance The Net-Zero Banking Alliance (NZBA), the industry-led initiative once championed by former U.N. climate envoy Mark Carney, has ceased operations after losing most of its membership. The organization, launched in April 2021, effectively shut down on Friday, four years after its public debut as a collective…