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Wall Street Bankers Told They Can Set Own CO2 Terms After Spat

With roughly a month before COP27, GFANZ says its sub-alliances follow their own rules set by UNEP FI and UN PRI, rather than Race to Zero

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The world’s biggest climate-finance alliance has sought to dismiss reports that a number of Wall Street banks are threatening to leave, as it races to bring its house in order in the run-up to next month’s COP27 climate summit.

In a statement to Bloomberg News on Saturday, a spokesperson for the Glasgow Financial Alliance for Net Zero said the group has “received no indication from any of our members that they intend to leave.”