Banking industry’s net zero alliance shuts down amid faltering climate commitments

NZBA had nearly 150 members but banks began leaving when Trump was re-elected on promise to drill, baby, drill'

The global banking industry's net zero target-setting group has announced it will shut down immediately, amid faltering climate commitments around the world.

The Net Zero Banking Alliance (NZBA), which was rocked by a wave of departures after Donald Trump's re-election, said its remaining members had voted to transition from a member-based alliance and to establish its guidance as a framework".