Global Banks Slammed in Review Scrutinizing Their CO2 Emissions
- WRI study shows banks aren’t even planning adequate CO2 cuts
- Study coincides with exodus from climate finance alliances
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Global banks aren’t living up to targets to cut their financing of activities that are directly fueling climate change, according to a new study by the World Resources Institute.
The analysis, which looked at 25 of the world’s biggest lenders, found that “not only are banks off-track to meet net-zero targets, but many of their pledges are less ambitious than they seem at face value.”