âThe Net-Zero Banking Alliance (NZBA) has reached a critical juncture, announcing a pause on its ongoing activities while its members vote on a fundamental change to its structure. The move, which comes amid a continuing exodus of major global banks, marks a significant shift for the UN-backed climate coalition.
Net-Zero Banking Alliance set for pivotal vote on its future
The alliance’s steering group has proposed a transition from a “membership-based alliance” to a “new framework initiative.”