By Aldgra Fredly The United States on Aug 12 said it would retaliate against member states of the International Maritime Organization (IMO) that back a net-zero framework proposal encompassing a carbon emission pricing scheme in the international shipping sector. This comes as member states of the U.N. specialized agency regulating maritime transport are scheduled to […]
Tag: Net Zero Banking Alliance
The industry-led, UN-convened Net-Zero Banking Alliance brings together a global group of banks, currently representing about 40% of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. Combining near-term action with accountability, this ambitious commitment sees signatory banks setting intermediate targets for 2030 or sooner using robust, science-based guidelines.
The Alliance reinforces, accelerates and supports the implementation of decarbonization strategies, providing an internationally coherent framework and guidelines in which to operate, supported by peer-learning from pioneering banks. It recognizes the vital role of banks in supporting the global transition of the real economy to net-zero emissions.
The Alliance is convened by the UN Environment Program Finance Initiative, and is accredited by the Race to Zero. In addition, the Alliance also executes coordinated advocacy and alignment as the banking element of the Glasgow Financial Alliance for Net Zero and the climate-focused element of the Principles for Responsible Banking.
As of October 2022, 19 US States are to Investigate Banks for ESG-Style Commitment to United Nations Alliance.
The United Nations policies do not align with the United States Constitution nor should they be forced and funded by the American taxpayer.
