United Nations Environment Programme Finance Initiative
Tracked across 1 events · 6 articles · First seen Jun 09, 2026 · Last active Jun 09, 2026
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A new report, 'Banking on Climate Chaos', reveals that the world's 65 largest banks collectively increased their fossil fuel financing by 8% in 2025, reaching USD906 billion. This surge, up from USD869 billion in 2024,…
Impact: The United Nations Environment Programme Finance Initiative, a UN-backed scheme, was disbanded after high-profile departures, indicating a failure of voluntary commitments to align banks' lending with net zero emissions scenarios.
Jun 09, 2026 · 6 articles
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