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Global banks continue climate retreat, study warns
A new study warns that major global banks are continuing to scale back their climate commitments, retreating from earlier pledges on financing the transition to a low-carbon economy. The findings point to weakening momentum among financial institutions on climate action, with banks reportedly reducing or diluting green financing targets. The report is likely to fuel debate over whether the banking sector is abandoning its environmental responsibilities amid political and economic pressure.
Why now: A new study documenting banks' retreat from climate commitments is drawing attention amid ongoing debate over the finance sector's role in climate action.
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- Global banks continue climate retreat, study warns · Green Central Banking
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