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Net-Zero Banking Alliance dissolves amidst political headwinds and bank exodus

Karahnjukar dam and Halslon reservoir, a massive new hydro electricity project in North East Iceland, in the wilderness area of Vatnajokull
Photo: Ashley Cooper/Getty Images

Jean Hurley

3 min read
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As the second major net-zero alliance folds, we consider the future of net zero for financial services.

The Net-Zero Banking Alliance (NZBA), a flagship initiative aimed at aligning global banking with climate goals, has officially ceased operations as a membership-based alliance, effective immediately. The decision, confirmed by an NZBA spokesperson, marks a significant moment for the future of climate commitments within the financial services sector, coming on

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