U.S. Treasury Lays Out Principles for Banks' Net Zero Climate Commitments, Philanthropies Pledge $340M for Climate Data

U.S. Treasury released principles for banks' "net zero" climate commitments, seeking consistency and credibility.
Principles say banks should align with 1.5°C global warming limit and have credible metrics.
Banks should provide "transition finance" to help high-emitting sectors decarbonize.
Philanthropic groups pledged $340 million to develop climate data and resources for banks.
U.S. Treasury Secretary Janet Yellen said there are $3 trillion in annual climate investment opportunities.

reuters.com

Relevant topic timeline:

9/6/2023

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