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Why banks (don't) keep their net-zero promises: A reality check
Globally, banks have committed to net-zero emissions in their investment and lending activities by 2050, but the likelihood of them reaching pledged emission reductions is unclear. Without regulatory backing, effective implementation of voluntary climate pledges is prevented by banks' fear of suffering market disadvantages, shows a study of ETH Zurich.
Media Relations
Sophie Valeria Graf
Dep. Umweltsystemwissenschaften
Universitätstrasse 16
8092
Zürich
Switzerland