Mark Carney’s net-zero banking alliance backtracks on compulsory climate targets
Corporate Knights
NOVEMBER 3, 2022
Just a year ago, Mark Carney inspired optimism among climate finance campaigners by founding a new alliance of banks and other financial institutions that pledged to decarbonize their portfolios. GFANZ’s credibility rested largely on the obligation by signatories to commit to Race to Zero, the UN’s key net-zero campaign.
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