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September 19, 2023

US Treasury publishes net zero financing principles

US Treasury building
The US Treasury’s principles include the recommendation that net zero commitments are in line with the Paris Agreement’s target to limit global warming to no more than 1.5C above pre-industrial levels (Photo: Al Drago/Bloomberg)

Gfanz has welcomed the move by the US Treasury to launch a set of principles aimed at helping financial institutions advance towards climate neutrality

The US Treasury has published a set of principles for net zero financing and investment in an effort to help financial institutions achieve their net zero pledges. The move was welcomed by the Glasgow Financial Alliance for Net Zero, the global coalition of financial sector organisations co-chaired by former Bank of England chief Mark Carney.

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