Global Economy News
LAST UPDATE: August 28, 2025
Climate banking group pauses activities amid rising political pressure
The Net-Zero Banking Alliance has paused its operations due to political backlash and withdrawal by major banks.
Insight
A setback for climate finance, showing how geopolitical pressures can slow down private-sector climate commitments.
Climate banking group pauses activities amid rising political pressure
The Net-Zero Banking Alliance (NZBA) has suspended operations amid political pushback and retreat by major banks over climate commitments.
Insight
This setback emphasizes how geopolitical and ideological resistance can stall industry-led climate initiatives.
