{"id":34344,"date":"2024-09-19T06:11:44","date_gmt":"2024-09-19T04:11:44","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=34344"},"modified":"2024-09-19T06:11:44","modified_gmt":"2024-09-19T04:11:44","slug":"targeting-net-zero-the-need-to-redesign-bank-decarbonization-targets","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2024\/09\/19\/targeting-net-zero-the-need-to-redesign-bank-decarbonization-targets\/","title":{"rendered":"Targeting Net Zero: The need to redesign bank decarbonization targets"},"content":{"rendered":"

The focus of banks\u2019 efforts to address climate change has in the past few years shifted to sectoral decarbonization targets. Before this, policies to restrict financing to some fossil fuels was the main way in which banks acted on their climate commitments.<\/strong><\/p>\n

But are existing decarbonization targets likely to achieve the rapid emission reductions that we need? Are they a relevant indicator of bank climate transition efforts?<\/strong><\/p>\n

To answer these questions, Reclaim Finance has investigated the design, implementation and impact of the various sectoral targets adopted by major banks.<\/strong><\/p>\n<\/div>

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Key findings:<\/h2><\/span>
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